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Corporation
COMPUTER HARDWARE & SERVICES | IT Services
prodwaregroup.com

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Partners & Customers

3

Service Providers

1

About PRODWARE

Prodware creates, integrates and hosts IT solutions for businesses.On September 15, 2020, Prodware was acquired by Babylon Software.67M.

Headquarters Location

45 Quai de la Seine

Paris, 75019,

France

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Latest PRODWARE News

Prodware : Inside Information / News release on accounts, results

Oct 19, 2022

10/19/2022 | 03:16pm EDT Message : 2022 Half-Year Results - continued growth momentum: 7.3% growth in revenue Net income of €4.0 million, representing a net margin of 4.5% Q3 2022 Revenues: €36.4 million (+16.8%) IFRS standards H1 2022 Business Well on Track In the first half of 2022, Prodware generated revenues of €87.5 million, compared with €81.6 million in the first half of 2021, an increase of 7.3%. The group has continued on its growth path thanks to its SaaS business model (+8.6%) and in-house software development activity (+8.2%) despite the tightening of the economy due to the difficult geopolitical landscape and inflationary pressures that are much less conducive to investments. Growth in EBITDA and Normalized Current Operating Income EBITDA for the first half of 2022 was €19.5 million, up €0.8 million compared to the same period in 2021, and demonstrates the robustness of Prodware's business model, based on recurring revenues. After a first-half year in 2021 that was heavily impacted by an unprecedented depreciation of around €5 million, related to impairment tests on the value of "on-premise" assets, the current operating income for the first half of 2022 rebounded sharply to reach €10.4 million, compared with a loss of €1.0 million a year earlier, showing a return to normal operating performance. PRODWARE Paris, October 19th, 2022 - 6 pm The financial result was €-5.6 million in H1 2022, compared to €-3.1 million in H1 2021, due to an increase in the cost of the net financial debt, following the long-term bond loan agreement secured in the second half of 2021. Net income, Group share, after-tax (tax amounting to €0.9 million), totalled €4.0 million, showing a net margin of 4.5%. Balance Sheet Analysis As of June 30, 2022, Prodware's balance sheet showed €88.0 million in equity, a €4.7 million increase compared to December 31, 2021. Growth in revenue accelerates in Q3 2022 In Q3 2022, Prodware generated revenues of €36.4 million compared to €31.2 million for the same period in 2021, up 16.8%. Over the first nine months of the year, revenues reached €124.0 million, up 9.9%, compared with €112.8 million. In line with the growth forecasts made early in the year, SaaS sales continue to grow, increasing by 16.2% and accounting for 26.3% of revenues (+1.5 points). Outlook In the coming months, Prodware will continue to pursue its growth trajectory based on the ramp-up of its recurring revenue model and its high value-added offerings intended for the digital transformation of SMEs and subsidiaries of large companies. About Prodware With 30 years of experience and know-how in IT innovation, we strive to provide value and expertise to our customers around the world. Whether we're implementing the most ambitious cloud strategies, developing AI-powered decision- making tools, or creating IoT applications, Prodware is always at the cutting edge of innovation. Since its inception, Prodware has leveraged technological progress to help businesses prepare for the future by creating new economic models for the manufacturing, sales, distribution, finance, and business service industries. The Prodware group includes more than 1,350 employees across 12 countries. It generated revenues of €172.4 million in 2020. Prodware SA is listed on Euronext Growth and is eligible for FCPI (innovation funds) and SME PEA (equity savings plan). For more information: www.prodware-group.com

PRODWARE Acquisitions

2 Acquisitions

PRODWARE acquired 2 companies. Their latest acquisition was C2A Informatique on March 27, 2007.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/27/2007

$99M

Acquired

1

10/1/2006

Series C

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$99M

$99M

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10

Date

3/27/2007

10/1/2006

Investment Stage

Series C

Companies

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Valuation

$99M

$99M

Total Funding

$99M

Note

Acquired

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Sources

1

10

PRODWARE Partners & Customers

3 Partners and customers

PRODWARE has 3 strategic partners and customers. PRODWARE recently partnered with ITESOFT on July 7, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

7/2/2019

Partner

France

Prodware : Signature of a strategic partnership with Itesoft

This successful partnership has already resulted in a first common reference : Circet , a major provider of telecom infrastructure services in Europe , will automate its 120,000 supplier invoices a year with the ITESOFT Streamline for Invoices solution integrated by Prodware SA into its Microsoft environment Dynamics .

1

10/24/2011

Partner

United States

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10

Partner

United States

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10

Date

7/2/2019

10/24/2011

Type

Partner

Partner

Partner

Business Partner

Country

France

United States

United States

News Snippet

Prodware : Signature of a strategic partnership with Itesoft

This successful partnership has already resulted in a first common reference : Circet , a major provider of telecom infrastructure services in Europe , will automate its 120,000 supplier invoices a year with the ITESOFT Streamline for Invoices solution integrated by Prodware SA into its Microsoft environment Dynamics .

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Sources

1

10

10

PRODWARE Service Providers

1 Service Provider

PRODWARE has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Investment Bank

Financial Advisor

Service Provider

Associated Rounds

Provider Type

Investment Bank

Service Type

Financial Advisor

Partnership data by VentureSource

PRODWARE Team

6 Team Members

PRODWARE has 6 team members, including current Owner, Philippe Bouaziz.

Name

Work History

Title

Status

Philippe Bouaziz

Owner

Current

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Name

Philippe Bouaziz

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Work History

Title

Owner

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Status

Current

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