Truffle Capital announces the results of the 16th Truffle 100 ranking
In 2021, the software publishing sector will strengthen its key role in the French economy:
Overall, it has not been severely affected by the pandemic
Subscription billing for SaaS services protected it from economic shocks
It continues to invest in research and development to prepare for the future
It creates skilled jobs in France
It aims to accelerate its international development in order to seek growth in the most dynamic geographic areas.
Finally, it is a powerful engine of productivity and competitiveness because it promotes the digitization of the entire economy.
PARIS, July 08, 2021– (COMMERCIAL THREAD) – Created by private equity firm Truffle Capital and research and consultancy firm teknowlogy | CXP-PAC, the Truffle 100 2021 provides an overview of the French software industry by analyzing the activity of the top 100 companies in the sector during the year 2020.
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This period was marked by several significant events: with an increase of + 6.6%, the sector’s activity growth reached record levels, ie 11.6 billion euros; however, a record number of businesses (33%) saw lower sales.
For the first time since 2013, the difference between the 50th and 100th publishers has decreased; but with 35% of the sector’s turnover in 2020, the weight of the company in first place continues to grow (+2 pts in 2020)
The Truffle 100 clearly shows that the anticipated market shock did not affect the entire software industry. Nonetheless, the companies offered a shared vision for the future of the market.
The cloud is now considered by 92% of companies as the trend that will boost the sector in the years to come. This new trend, driven by the crisis, recorded a growth of +16 pts compared to the ranking published in 2020.
Faced with this situation, three quarters of companies plan to increase their workforce and three quarters also plan to ramp up their R&D projects.
Commenting on this 16th edition of Truffle 100, Cédric Ô, French Secretary of State for the Digital Economy, concluded: “As in previous years, the development of the sector has been achieved thanks to the long-standing efforts of its players and their ability to anticipate the major technological breakthroughs which are, in the digital industry, more frequent and clearer. to be distinguished than in other industries“.
Bernard-Louis Roques, Managing Director and co-founder of Truffle Capital said: “At a time when responsiveness and know-how management are essential, the French software industry plays a civic role and creates jobs on the national market.t “.
Nadia Idrissi, President of teknowlogy | CXP-PAC, added: “Very current themes such as cloud, cybersecurity and telecommuting have driven the market and allowed the majority of publishers, who are – overall – well prepared, to generate revenue growth. […] Companies using software solutions are accelerating the pace of this forced march towards major investments in digital transformation, and this also applies to industrial processes.“.
The 16th edition of the Truffle 100 is available on the following site: https://www.truffe100.fr/
About the Truffle Capital
Founded in 2001, Truffle Capital is an independent European venture capital company specializing in life sciences (MedTech and Biotech) and disruptive technologies in the IT sectors (FinTech and InsurTech). Truffle Capital’s mission is to support the creation and development of young innovative companies capable of becoming the leaders of tomorrow. The company is chaired by Patrick Kron and managed by Dr Philippe Pouletty and Bernard-Louis Roques, co-founders and General Managers. Truffle Capital manages 700 million euros in assets. Since its creation, it has raised nearly 1.1 billion euros and has supported more than 75 companies in the digital and life sciences sectors. In 2019, Truffle Capital announced that it had raised nearly € 400 million in new institutional funds, including € 140 million in Fintech / Insurtech.
About the teknowlogy group
technology | CXP-PAC technology | CXP-PAC is the independent European leader in software analysis and consulting, IT services and digital transformation. As a privileged partner of European user companies, it offers them support in defining their digital strategy, managing projects and reducing the risks associated with technological choices and their implementation.
Thanks to its knowledge of market trends and the expectations of user companies, teknowlogy | CXP-PAC helps software publishers and ESNs to better establish, execute and promote their own strategy in line with market expectations and anticipating future needs.
Capitalizing on more than 40 years of experience, teknowlogy | CXP-PAC has a network of 50 experts based in Paris, Munich, Bucharest and London.
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