FSI enters into ERCOM’s capital

PARIS - Wednesday, June 22nd 2011 [ME NewsWire]

(BUSINESS WIRE)-- ERCOM, a French company specialized in design and development of innovative telecom solutions, has announced a large capital increase.

Leading company in the development of cutting-edge technologies designed for testing, measuring and securing telecom networks, ERCOM will accelerate the development of its range of 4G/LTE solution and boost its international presence.

The capital increase achieved with the assistance of Lazard financial consulting bank, is jointly subscribed by the FSI and historical financial shareholders Alven Capital, A plus Finance, Capzanine and OTC Asset Management.

This significant increase its financial capacity will enable ERCOM to complete its technological developments and will allow potential acquisitions in order to become a worldwide leader in its sector. Jean d’Arthuys, FSI Director, is very pleased with this investment in a company with solid technological expertise: "ERCOM has developed very innovative technologies successfully sold all over the world. The capital increase will enable ERCOM to speed up its growth and intensify its research and development efforts in order to remain one of the leaders in these very profitable niche markets. The FSI is pleased to take part, together with the current shareholders, in carrying out this ambitious operation. This investment also highlights the FSI's determination to become a driving force in the development of the digital sector. The FSI already has a significant number of investments in this sector."

The company has made major technological and commercial headway since 2008. As CEO Didier Pagnoux points out, "The entry of the FSI into ERCOM's capital will allow intensification of our international development. The company will accelerate its development and customer support capacity, especially in North America and Asia, two key zones in the development of 4G/LTE networks".

Investors: FSI:Jean d’Arthuys, Marc Julien, Louis de Montille, Sophie Paquin; Capzanine: David Hoppenot; Alven Capital: Nicolas Célier; OTC Asset Management: Xavier Faure and A plus Finance: Jean-Michel Pimont

Consulting investment bank:LAZARD

Legal consulting:PAUL HASTINGS: Pascal de Moidrey and Edith Boucaya, WEIL: Frédéric Cazals

About ERCOM –www.ercom.com

ERCOM is a telecom solution provider, dedicated to improve usage and confidence in telecommunication networks. For more than 20 years ERCOM teams has developed high-end telecommunication technologies and solutions. Today ERCOM is dedicated to two main product lines: 4G network validation systems and secure communication solutions.

About FSI (Fond Stratégique d’Investissement)– www.fonds-fsi.fr

The FSI is an incorporated company with 51% of its capital held by the Caisse des Dépôts et Consignations and 49% by the French state. It is a reputable investor which invests its own funds to take minority stakes in French companies involved in industrial projects that contribute to creating value and competitiveness for the economy.

The original source-language text of this announcement is the official, authoritative version. Translations are provided as an accommodation only, and should be cross-referenced with the source-language text, which is the only version of the text intended to have legal effect.

Contacts

CONTACT FSI:

Louis de Montille

+33-(0)1-58-50-12-22

louis.de-montille@fonds-fsi.fr



Euro RSCG C&O:

Sacha Mandel

+33-(0)1-58-47-81-31

sacha.mandel@eurorscg.fr



ERCOM:

Sandra Chouchen–Communication Manager

+33-(0)1-39-46-50-50