France, Smile Raises €2.5M from Edmond de Rothschild Investment Partners

Smile, a Levallois-Perret, France-based open source solutions company, has raised €2.5m in equity financing from Edmond de Rothschild Investment Partners (EdRIP).
The new funds will enable the company to initiate a new phase of growth, making acquisitions in France and Europe and creating new ventures on new markets.
As a part of this strategy, in 2009, Smile acquired Cometa Technologies of Spain in August, and created Smile Switzerland in September.
In late 2009, the company, which operates offices in Paris, Lyon, Nantes, Montpellier and Bordeaux, as well as subsidiaries in Morocco (Casablanca) and Ukraine (Kiev), employs 280 people in France and 330 in the world.

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