Create a major provider of sovereign software…

Suresnes, September 22, 2022 - ChapsVision, through its cyber division Flandrin Technologies, sovereign expert in investigative and cyber intelligence solutions, announced today that it is entering into exclusive negotiations with the intention of acquiring 100% of Deveryware, a leader in investigative technologies and services for global security.

The integration of Deveryware into Flandrin Technologies will create a major provider of sovereign software for government customers and will enable ChapsVision to strengthen its position as a leading provider of investigative Big Data solutions, with group revenues of more than €100 million for the year 2022.

This operation is financed with the support of Bpifrance, Tikehau Ace Capital and Tikehau Capital through a fundraising of more than €100 million. This partnership with leading financial players will enable the group to accelerate its development in Europe through a sustained strategy of external and organic growth.

Building a unique platform on the French market

Deveryware's solutions in the fields of geolocation, forensic analysis, language processing and crisis management will enhance the Argonos platform for massive processing of heterogeneous data developed internally by ChapsVision. Together with the OSINT offerings of Flandrin IT (formerly Bertin IT) and Elektron's forensic interception solutions, they will contribute to building a unique platform on the French and European market.

This significant operation marks a new step in Chapsvision group’ growth and will carry its new dimension to more than 500 employees and 100M€ of turnover for the year 2022.

"It became clear very quickly that Deveryware had to be brought closer to ChapsVision's excellent industrial project. Bringing together our strengths and skills is undoubtedly the most effective way to enable France to compete with foreign offerings," says Jacques Salognon, President of Deveryware.

ChapsVision announces that it has raised over €100 million from its three financial partners. This round of financing will contribute to accelerate the group's expansion, particularly internationally.

The closing of the transaction is expected in the coming weeks and as usual, remains subject to the approval of the relevant regulatory authorities.

With the closing of the transaction, Jacques Salognon and all Deveryware teams will join the Flandrin Technologies division of ChapsVision.

About ChapsVision

Founded in 2019, ChapsVision enables Data-intensive B2B and B2G industries to succeed in their digital transformation through a highly complementary portfolio of business solutions fully integrated around its Argonos massive heterogeneous data processing platform. ChapsVision brings together in its Enterprise division the activities of Coheris, Octipas, NP6. This division has more than 450 customers in finance, retail and government services. The group's cyber activity has been brought together in the Flandrin Technologies division, which has become a key player in cyber intelligence, offering a sovereign solution dedicated to the defence, intelligence and security markets. Flandrin Technologies, federates around its Argonos platform a wide range of capabilities from the activities of Flandrin IT (formerly Bertin IT), Vecsys and Elektron. Its solutions are likely to be of interest to both state organisations and large companies. Flandrin Technologies has more than 150 customers in the defence, energy, telecom, transport and government sectors and also addresses the fields of media monitoring, banking compliance and customer intelligence.

Through significant R&D investments complemented by a sustained strategy of acquisitions and international development, ChapsVision aims to rapidly build a coherent, large group capable of becoming the preferred strategic partner of its customers.

With the acquisition of Deveryware, the group will have more than 500 employees, more than 600 key accounts, and a turnover of more than €100M in 2022.

For more information: https://www.chapsvision.fr and https://www.flandrintechnologies.com

About Deveryware

Founded in 2003, Deveryware is a leading provider of investigative technologies and services for global security, committed to serving the security of states, companies and populations through innovative digital technologies and high value-added solutions. The group's solutions enable the acceleration of investigations, the analysis of evidence, the securing of risks and the management of crises. With 160 employees, the group is operating in Europe, Africa, North and South America. It attaches significant importance to Research & Development with 10% of its turnover invested. Deveryware, a registered provider of cybermalveillance.gouv.fr, is certified ISO 27001 (information security management system) in 2022, after 10 years of deployment of a Quality-Environment approach (ISO 9001 and ISO 14001). The group is ranked in the Top 250 French software publishers, the FW500, the Truffle 100 and the 500 champions of growth.

For more information : https://deveryware.com

Photos credits: Deveryware