Paris (France), 20 november 2020 – DIAPASON announces the arrival of Apax Partners Development as a reference shareholder in the company providing the innovative treasury and risk management solution.
Apax Partners Development signed an agreement for a majority stake in DIAPASON. The company’s founder, Pascal Kravitzch, and its management team have also invested significantly in the deal.
DIAPASON designs software that meets the digital needs of financial organisations. The solution optimises cash management, automates and secures payments, and manages risk related to securities portfolios. The acclaimed, innovative software stands out for its significant customization capacity, meeting not only standard needs but also specific customer requirements.
Launched in 2009, DIAPASON soon became an industry leader, first with large groups both in France and internationally, then with companies of all sizes. Today DIAPASON has sales of just under €10 million with about 50 employees, and its software has over 10,000 users in more than 50 countries.
Working closely with Apax Partners Development, the company aims to grow market share among large companies, and to expand business in the mid-market.
The group also intends to pursue international growth and make acquisitions in order to enlarge its customer base and gain access to new geographic areas.
Isabelle Hermetet and Bérenger Mistral, respectively Partner and Director at Apax Partners Development, stated: “With a highly experienced management team and a first-rate product, DIAPASON is already recognised as a market leader by large international groups. We are very pleased to support DIAPASON’s ambitious strategy. For faster growth the group intends to develop business with mid-market companies, and to acquire treasury management and related software providers.”
Pascal Kravitzch, founder and President of DIAPASON, added: “Apax Partners Development shares DIAPASON’s vision of market leadership. Based on its dominant position in its current market, there are numerous possibilities which need only be developed. In addition, we share basic values with the Apax Partners Development teams. We are pleased to have access to their expertise, which will allow us to grow at a faster rate while simultaneously ensuring a long-term perspective in the interest of our customers and ecosystem.”
ABOUT APAX PARTNERS
Apax Partners is a leading European private equity firm based in Paris. With over 45 years of experience, Apax Partners provides long-term equity financing to build and strengthen world-class companies. Funds managed and advised by Apax Partners exceed €4 billion. These funds invest in fastgrowing middle-market companies across four sectors of specialisation: Tech & Telecom, Consumer, Healthcare and Services
Founded in 1990, DIAPASON (formerly MCC) has provided financial software for more than 30 years. When the company began focusing on corporate treasury in 2009, the Diapason solution was born.
DIAPASON provides a software solution that meets the digital needs of financial management. The solution optimises cash management, automates and secures payments, and manages risk related to securities portfolios.
Diapason is the result of the innovative approach and values of the men and women who comprise the company: intellectual rigour and reliability, curiosity and customer service.
The software is used in more than 60 groups of all sizes, by more than 10,000 finance professionals in 50 countries.
Apax Partners Development
+ 33 1 53 65 01 35
+33 1 44 93 24 24