London, 5 July 2007: Advent Venture Partners (‘Advent Ventures’) and Partech International are pleased to announce that Pertinence SA, in which both were investors, has merged with U.S. manufacturing and execution systems (MES) company, Intercim.
The combined company will be called Intercim LLC and will bring together Pertinence’s manufacturing intelligence capabilities with Intercim’s manufacturing execution systems. The merged company will also boast a blue-chip client list that includes Airbus, Boeing, BMW, Sanofi Aventis and Siemens.
Pertinence has become a world leader in enterprise manufacturing intelligence software under the guidance of investors Advent Ventures, Partech International and Seeft Ventures, a third investor in the company. It has expanded in Europe and the US, and developed innovative systems for the aerospace, pharmaceutical, automobile and semiconductor industries.
Peter Baines, a General Partner at Advent Ventures said:
“We originally invested in Pertinence because we saw that it had a disruptive technology and the opportunity to dominate an emerging market. Over the past 5 years we have worked closely with Pertinence’s first class management team to grow the business and to develop its products and geographical reach. This merger with Intercim presents a great opportunity to reach a broader customer base in the US and strengthen its already solid market position.”
Philippe Collombel, General Partner at Partech International, said:
“We are delighted at the merger between Pertinence and Intercim. This transaction is part of Pertinence’s ongoing development and marks a major step toward creating a leading company in the industrial process optimization market. It is also a strong example of support for companies in our portfolio. We are convinced that this new entity will be a great success.”
Pertinence Chief Executive Amélie Faure said:
“The quality of our technology, our roots in top quality industries and our international development would not have been possible without the vision, confidence and commitment of our investors. The merger with Intercim was also possible thanks to Frédéric Halley, a Managing Partner of Tioga Ventures. We are now writing a new chapter of our history and we hope that they will be proud of it.”
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For more information please contact:
Peter Baines, Advent Ventures, 020 7932 2100
Kay Larsen / Francesca Reville, Penrose Financial, 020 7786 4888
Veronique Delorme, Partech International, +33(0)1 53 65 65 53
Notes to Editors:
About Advent Ventures:
Established in 1981 in the UK, Advent Ventures is one of the most experienced technology venture capital firms in Europe. It invests in the Technology and Life Sciences sectors. Advent Ventures has over £500 million ($1 billion) under management from institutional investors across Europe and the US. Advent portfolio company Cartesis was recently sold to Business Objects for $300 million.
Other technology investments include Snell & Wilcox (one of the key players in the digital media industry), Phyworks (integrated circuits for broadband telecommunications), BridgeCo (silicon and software solutions for home networking) and Qype (local search and user generated city guide). www.adventventures.com
About Partech International:
Founded in 1982, Partech International is a private equity company based in the US, Europe and Israel. Partech invests exclusively in the Information Technology sector and currently has $850 million in funds under management. Its international teams collaborate closely to identify the most innovative companies in the software, Internet, communications and components sectors as well as in the field of medical information technology.
In Europe, Partech investments include B3G, DailyMotion, DiBcom, JobPartners, Netsize and WAZAP. The company has also successfully invested in Ascend Communications, Business Objects, Cadence, Informatica, ISDNet, Travelprice and Vignette. In 2006, portfolio companies Visicu and Allot were listed on NASDAQ while Akimbi, DCT, Jungo and Meiosys were acquired. www.partechvc.com
Pertinence is a world leader in enterprise manufacturing intelligence. Pertinence systems allow analysis, extraction, application, control and sharing of Best Operating Practices (BOP) with software dedicated to optimizing complex industrial systems and processes. The innovative data analysis technology means that production engineers, operators and quality managers can derive the highest level of quality and performance from their existing processes. Pertinence Suite also reduces the time required to launch a product reliably and continually control the performance of the process.
Pertinence, a certified Microsoft partner, is based in Europe and the US. Its customers include major players actors in the pharma-biotech, aerospace, defence, industrial products and semiconductors industries such as Airbus, Boeing, BMW, Sanofi and Siemens.
Pertinence is also a partner of SAP in its “Powered by Net Weaver” initiative, which enables it to offer SAP clients its Business Package for Enterprise Manufacturing Intelligence by Pertinence system. www.pertinence.com