The News

Sofinnova Partners completes the sale of its participation in Emailvision to Francisco Partners

30/07/2010

Paris, France – July 30, 2010 – Sofinnova Partners, a leading European venture capital firm, announces the sale of its participation in Emailvision to Francisco Partners, a leading global private equity firm focused exclusively on investments in technology and technology-enabled services businesses. Francisco Partners additionally buys out the remaining historical institutional investors. Sofinnova Partners first invested in Emailvision in 2001, and participated to all financing rounds before the company went public in 2006.

« Today, Emailvision is the leading email marketing service provider in Europe. The innovation of its solution, which not only relies on the technology, but also on the SaaS distribution mode, justified Sofinnova’s investment in 2001. Since then, Emailvision’s teams have successfully developed a base of more than 2,500 customers, with a strong international presence in 16 countries, delivering a profitable growth which very quickly drew attention from Francisco Partners. We are extremely happy and grateful to have been part of this adventure, which has delivered an outstanding performance to Sofinnova Partners », the Sofinnova IT team comments.
After the sales of Sensitive Object, Streamezzo and Sprice early 2010, Sofinnova Partners confirms here its commitment to financing innovation in technology and its strong involvement in the development of companies whose contributions and innovations are positively welcome by large industry players.

Emailvision published revenues of €19.3m for the first semester of 2010, a 46% increase compared to the same period last year, becoming the world’s fastest growing email service provider. Its Campaign Commander software service, whose last version was launched in May 2010, offers a robust infrastructure and advanced functionalities, and allows more than 5,000 marketers around the world to successfully plan, create, deliver and automate their email marketing campaigns.

From landmark historical investments including Genentech, Vistaprint and Biogen to more recent successes such as CoreValve, Fovea, Movetis, Novexel and Sensitive Object, Sofinnova has a history of discovering and nurturing companies and entrepreneurs in the technology, life sciences and cleantech industries. Its team of partners, associates and analysts, and its network of entrepreneurs and consultants have been instrumental in investing in nearly 500 companies throughout the firm’s 35-year history.

About Sofinnova Partners
Sofinnova Partners is an independent venture capital firm based in Paris, France. For over 35 years, the firm has backed nearly 500 companies at different stages of development – pure creations, spin-offs, as well as turnaround situations – and worked alongside Europe’s key entrepreneurs in the technology, life sciences and cleantech sectors. With €1.1 billion of funds under management, Sofinnova Partners’ experienced team and hands-on approach in building portfolio companies through to exit have created market leaders, from landmark historical investments including Genentech, Actelion and Vistaprint to more recent successes such as CoreValve, Fovea, Movetis, Novexel and Sensitive Object. With a global mindset, the firm has a sister organization in San Francisco, California.