AXA Private Equity led the first Genod financing round to raise € 2.1 million Paris, Tuesday March 2, 2004

AXA Private Equity, leading Private Equity house, led the first Genod S.A. (Global Electronics Network Operated Devices) financing round to raise € 2.1 million (€ 1.4 million from AXA Private Equity). This round includes key participations from Emertec Gestion (€ 0.7 million) and business angel Marc Frouin - CEO of TNI/Valiosys a technology leader in verification tools for the EDA and embedded software markets - (€ 0.1 million).

Genod is a leading fabless company, which specialises in highly integrated real-time embedded systems for data processing

Genod masters a leading edge micro-system design methodology combining System-on-Chip (SOC) - a patented switch-matrix bus structure to facilitate bandwidth management - and System in Package (SIP) design encompassing a state-of-the-art flexible and re-configurable computer system.

Current applications are in the area of new generations of smart cameras to process data at the point of capture for security and surveillance systems as well as highly integrated data acquisition and processing systems for industrial/military applications.

The benefits for the clients are numerous: an open, flexible and re-configurable architecture, rugged and compact package and many standard applications available to achieve shorter ‘time-to-market’ as well as extended product life.

“Genod will use the capital investment to further develop its technology for the supply of multimedia network operated devices and to establish its lead in the infrastructure, transport and defence markets “, said Didier Rousseau, CEO of Genod SA.

“Thanks to its technology, Genod has been able to develop a miniature video network operated camera which offers strong computing performances and matches the level of performance of many applications in its targeted markets”, said Marc Frouin, business angel.

About Genod

Genod (Global Electronics Network Operated Devices) was spun-off of the System & Defence Electronics division of EADS in 2001. The company’s headquarters are in Palaiseau (France) and has a subsidiary near Bristol (UK). Genod’s focus is to provide an open and flexible computer platform in a compact and rugged package. Combined with all necessary software tools and applications, this innovative enabling technology fosters the development of a new generation of systems which aim at fulfilling the growing demand for higher performance data processing, new levels of miniaturisation, easier remote configurability, high ruggedness and an extended networking capability.
Genod has pioneered a family of open computing platforms in a rugged and compact package - including all API and software development toolkits - which foster the implementation of new software applications and therefore enable the emergence of
innovative embedded functions and services.
For more information, please visit: www.genod.com

About Emertec

The fund is dedicated to first stage (" seed ") or early stage investment, in the field of advanced technologies such as: Microelectronics, microsystems, regulation and measuring, advanced materials, robotics, thermohydraulics, science of heat, energetics.
For more information, please visit: www.emertec.fr

Deal Participant

• AXA Private Equity: Jean-Marc Fiamma
• Emertec Gestion: Philippe Capdevielle, Jean-Philippe Stefanini
• Legal advisor: Philippe Torre, Jean-Philippe Querner (Reinhart Marville Torre)
• Legal audit: Philippe Torre, Jean-Philippe Querner (Reinhart Marville Torre)
• Finance audit: Didier Amphoux (Fiduciaire Laydet)