Founded in 2005 by Jean de Broissia (CEO) and Pierre Lavigne (CTO) and headquartered in France, Praxedo develops Field Service Management software solutions allowing its customers to manage their field teams interventions by collecting and processing data in real time. The company currently supports more than 1,000 customers (from small companies to large accounts) in France and abroad, with offices in Germany, Spain, the UK, the United States and Canada.
Developed and distributed as a SaaS solution since its creation, Praxedo is considered as one of the reference solutions in the market, as highlighted by its continuous progression in the Gartner “Magic Quadrant” over the past 5 years. The company has been experiencing a strong acceleration of its growth for several years, driven by a dynamic and growing international market, a highly relevant value proposition and a best-in-class financial and operational profile.
MBO & Co’s investment is an important stage in Praxedo’s development plan led by its founders, who wish to continue to structure their organization and innovate to accelerate development, both in Europe and the United States.
“While we have been self-financed since the company’s creation, we decided to look for a minority partner to help us structure the company and accelerate our international development. After meeting with several private equity funds and studying several options, we chose to partner with MBO’s teams who are aligned with our corporate culture and strong human values. MBO also shares our ambition for growth; it will undoubtedly be a strategic and trusted partner at our side” Jean de Broissia, CEO of Praxedo and Pierre Lavigne, CTO of Praxedo.
“We are delighted to support Praxedo and will bring our experience with key challenges of primary operations in high growth companies. We have been impressed with Praxedo’s strong performance and with the quality of the project carried out by all Praxedo’s teams; we are convinced of its strong development potential in Europe and internationally. This investment, made through our new fund MBO Capital 5, is a perfect illustration of our strategy to invest in growth companies that, through their innovation, leadership and mission, help create the economy of tomorrow.” Xavier de Prévoisin and Alexandre Chaton, Partners at MBO & Co.