Brest, France: Ouest Ventures, a venture capital company based in Rennes, France, has made a significant investment in Geensoft, a specialist independent provider of software design tools and associated professional services for embedded systems development.
Launched at the recent Embedded World exhibition in Nuremberg, Germany, Geensoft was created by a management buyout (MBO) of the former embedded design tools business of Geensys. The undisclosed funds raised from Ouest Ventures will be used as working capital for the continued development of the company and its products on an international level.
The investment gives a 25% stake in Geensoft. The controlling 75% stake in the company remains with Geensoft’s management and employees. Former Geensys executives Eliane Fourgeau, Thierry Gueguen, and Marc Frouin led the MBO creating Geensoft. Its product portfolio includes the Reqtify, ControlBuild, and Autosar Builder tool suites as well as the RT-Builder system simulation tool.