The news broke on 10 July : five years after its creation, BizMeeting was bought out by its competitor Privateaser. " I had the feeling that BizMeeting had reached a key moment in its history "says Loïc Passemardfounder of BizMeeting and new Vice President BtoB. " In just a few years, we have built up a profitable company that works with a large number of key accounts but had need to accelerate its development. In discussions with Nicolas [Furlani, co-founder and CEO of Privateaser], it quickly became clear that we should join forces, as our two companies are very similar. very complementary while sharing the same values and ambitions. I am convinced that by combining our skills, tomorrow we're going to create Europe's leading events company ".
50 million in business volume in 2019
Privateaser a year ago, carried out a fundraising of 10 million euroswhich was to enable him to gain ground in the BtoB segment. The deal will create a new heavyweight on the French market. The new entity is expected to generate sales of close to 50 million euros in 2019. " The completion of this takeover sends a strong message to the market "says Nicolas Furlani, co-founder and CEO of Privateaser. " Our ambition and vision remain unchanged: we want to to become Europe's leading events organiser within 5 years. Working with the BizMeeting teams and capitalising on their technology and knowledge of the B2B market are very positive levers for our strategy and positioning. We were already very close to BizMeeting, but including them in our growth plan is a real opportunity that the founders, the team, our partners and our investors all support. ". Privateaser's ambitions therefore extend beyond national borders, and its directors are already talking about organic growth as well as acquisitions.
