The company intends to use the funds to develop in new customer segments and expand abroad. Eudoweb currently has a strong presence in Canada.
Following the transaction, the founders of the company, Bertrand de la Villegeorges, Christophe Morizot and Guillaume Bouillot, will remain majority shareholders.
Created in 2000, Eudoweb provides and implements SaaS- or intranet-based CRM and XRM solutions. It has served 800 customers including small and medium sized enterprises, large companies and government organizations.
The company, which had a turnover of €6.3m in 2010, currently employs 70 people in Paris and in its Montreal office, opened in 2009.