AKANEA

Akanéa was born from the merger of two SMEs purchased by Sage in 2004 and 2006. It produces and integrates vertical ERPs for the food processing and supply chain industries. With annual revenues of around €15 million when we acquired our stake, Akanéa undertook a complete and ongoing modernization of its products over three years, giving it the most innovative and up-to-date range on the market, as well as a proprietary framework. The operation was adapted to allow considerable R&D investment. After 5 years of product development, and buoyed by the commercial success that followed, the management team and Initiative & Finance chose to become part of the Isagri group. When Initiative & Finance pulled out, the group boasted revenues of nearly €19 million, including a substantial amount of recurring revenue.