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News – General corporate and securities matters

Itineris in investment round led by Gimv and PMV

Cresco acted as lead to counsel to Itineris in the preparation, negotiation and closing of its new capital round of USD 10 million.  Gimv, ParticipatieMaatschappij Vlaanderen and Excellence Consulting International have provided new capital to Itineris for its further growth and international expansion.

Itineris, founded in 2003, is a company specialized in modular software solutions (UMAX) based upon Microsoft Dynamics AX and services for the utility industry. The services of Itineris are focused on solutions for billing systems, management of measurement data, market interaction, smart metering, data traffic and customer relationship management.

We advise Itineris on all its capital raising needs, mergers and acquisitions and provide strategic and operational legal support to the client.

More information on the transaction can be found in De Tijd.

David Dessers and Tessa Gijbels constitute the deal team for this transaction and ongoing legal support.  

For any further information or questions, please contact David Dessers or Tessa Gijbels.

 

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