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Edenred Joins With Partech International to Promote Innovation
PARIS, December 19, 2011/PRNewswire-FirstCall/ --
In line with its Invent 2016 strategy to prepare its expansion into new territories,
Edenred today announced a partnership with venture capital firm Partech International.
The Group is investing EUR15 million in the Partech International VI fund, which is
raising an initial EUR100 million. The fund will invest in young, fast-growing companies
involved in the digital economy and offering new web-based, e-commerce and e-marketing
services as well as new payment media solutions.
The investment will enable Edenred to explore new opportunities in adjacent sectors.
Edenred will also be able to track emerging developments, with the goal of anticipating
changes that impact its shareholders: client companies, employees and affiliates.
Through its support for high potential companies, Edenred - in keeping with its
pioneering spirit - has made innovation a priority driver of future growth.
Edenred, which invented the Ticket Restaurant(R) meal voucher and is the world leader
in prepaid corporate services, designs and delivers solutions that make employees' lives
easier and improve the efficiency of organizations.
By ensuring that allocated funds are used as intended, these solutions enable
companies to more effectively manage their:
- Employee benefits (Ticket Restaurant(R), Ticket Alimentacion, Ticket CESU,
Childcare Vouchers, etc.).
- Expense management process (Ticket Car, Ticket Cleanway, etc.)
- Incentive and rewards programs (Ticket Compliments, Ticket Kadeos, etc.).
The Group also supports public institutions in managing their social programs.
Listed on the NYSE Euronext Paris stock exchange, Edenred operates in 40 countries,
with 6,000 employees, nearly 530,000 companies and public sector clients, 1.2 million
affiliated merchants and 34.5 million beneficiaries. In 2010, total issue volume amounted
to EUR13.9 billion, of which 55% was generated in emerging markets.
Ticket Restaurant(R) and all other tradenames of Edenred products and services are
registered trademarks of Edenred SA.
Source: Edenred
Contacts: Eliane Rouyer-Chevalier, Executive Vice President Communications - Phone: +33(0)1-74-31-86-26- eliane.rouyer@edenred.com; Media relations: Anne-Sophie Sibout, Media Relations Director - Phone: +33(0)1-74-31-86-11 - anne-sophie.sibout@edenred.com; Anaïs Lannes, PressOfficer - Phone : +33(0)1-74-31-86-27 - anais.lannes@edenred.com; Investor relations: Solène Zammito, Financial Communications Director - Tel.: +33(0)1-74-31-86-18 - solene.zammito@edenred.com; Virginie Monier, Investor Relations - Phone: +33(0)1-74-31-86-16 - virginie.monier@edenred.com
Edenred Joins With Partech International to Promote Innovation
PARIS, December 19, 2011/PRNewswire-FirstCall/ --
In line with its Invent 2016 strategy to prepare its expansion into new territories,
Edenred today announced a partnership with venture capital firm Partech International.
The Group is investing EUR15 million in the Partech International VI fund, which is
raising an initial EUR100 million. The fund will invest in young, fast-growing companies
involved in the digital economy and offering new web-based, e-commerce and e-marketing
services as well as new payment media solutions.
The investment will enable Edenred to explore new opportunities in adjacent sectors.
Edenred will also be able to track emerging developments, with the goal of anticipating
changes that impact its shareholders: client companies, employees and affiliates.
Through its support for high potential companies, Edenred - in keeping with its
pioneering spirit - has made innovation a priority driver of future growth.
Edenred, which invented the Ticket Restaurant(R) meal voucher and is the world leader
in prepaid corporate services, designs and delivers solutions that make employees' lives
easier and improve the efficiency of organizations.
By ensuring that allocated funds are used as intended, these solutions enable
companies to more effectively manage their:
- Employee benefits (Ticket Restaurant(R), Ticket Alimentacion, Ticket CESU,
Childcare Vouchers, etc.).
- Expense management process (Ticket Car, Ticket Cleanway, etc.)
- Incentive and rewards programs (Ticket Compliments, Ticket Kadeos, etc.).
The Group also supports public institutions in managing their social programs.
Listed on the NYSE Euronext Paris stock exchange, Edenred operates in 40 countries,
with 6,000 employees, nearly 530,000 companies and public sector clients, 1.2 million
affiliated merchants and 34.5 million beneficiaries. In 2010, total issue volume amounted
to EUR13.9 billion, of which 55% was generated in emerging markets.
Ticket Restaurant(R) and all other tradenames of Edenred products and services are
registered trademarks of Edenred SA.
Source: Edenred
Contacts: Eliane Rouyer-Chevalier, Executive Vice President Communications - Phone: +33(0)1-74-31-86-26- eliane.rouyer@edenred.com; Media relations: Anne-Sophie Sibout, Media Relations Director - Phone: +33(0)1-74-31-86-11 - anne-sophie.sibout@edenred.com; Anaïs Lannes, PressOfficer - Phone : +33(0)1-74-31-86-27 - anais.lannes@edenred.com; Investor relations: Solène Zammito, Financial Communications Director - Tel.: +33(0)1-74-31-86-18 - solene.zammito@edenred.com; Virginie Monier, Investor Relations - Phone: +33(0)1-74-31-86-16 - virginie.monier@edenred.com