Ivalua, a European e-buying solution software publisher, has received a €3m investment from AXA Private Equity.
The financing aims to accelerate the company’s international growth, particularly in the United States, and to consolidate its Software as a Service offer for the SME market.
Commenting on the investment, David Khuat-Duy, director and founder of Ivalua, said: ” AXA Private Equity’s stake will help boost our international development, and also our ability to offer innovative and effective solutions to the e-buying market via our R&D teams”.
Created in 2000, Ivalua provides an SaaS and licence mode e-buying solution that offers 22 integrated modules covering most purchasing department requirements: performance management, e-sourcing, e-procurement, management of supplier relations and risks.
The company currently has 64 employees in its offices in France, Germany and the United States.
Customers include Areva, Arcelormittal, PSA, Faurecia, LVMH and Société Générale, among the others.