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May 17, 2007
Founder-driven Invision to IPO In Germany
There's been a dearth of tech IPOs lately so we're clapping our hands here for Germany's InVision, an independent workforce management software company, that announced plans to float on the Prime Standard at the end of June.
It is a venture that has managed to avoid debt and VCs. With annual sales of €10.7M and an 18 percent EBIT margin, the startup will raise new capital.
The founders Peter Bollenbeck, Matthias Schroer and Armand Zohari own 51% directly and another 23.8 percent indirectly through InVision Holding GmbH do not plan to sell their shares in the float. Employees own 1.2%. No further details on the size and valuation are available yet.
InVision, which was founded in 1995, has a long list of German and Swiss banks, call centers, telcos, and service orgs as customers. It supports timekeeping, scheduling, and controlling personnel, which is no small feat what with flex-time and part time workers becoming more popular.
It employs 128 people in the US and Europe.
Read - Invision strebt (dow jones)
Read - InVision Software Plant (der aktionaer)
Posted on May 17, 2007 07:36 AM | Posted to News And Updates | Permalink
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