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Labege, Haute-Garonne, France, 2009/04/21 - Neosens, specialized in monitoring solutions for water and industrial processes, announces the closing of a € 4 million capital round and the appointment of Thierry Brisard as CEO.
Neosens, specialized in monitoring solutions based on microelectronic sensors to monitor fouling and dissolved oxygen in water and industrial processes, announces the closing of a € 4 million capital round and the appointment of Thierry Brisard as CEO. The group of investors, led by Sofinnova Partners, includes the Belgian Capricorn Cleantech Fund and Galia Gestion, and the original investors, ICSO Private Equity and IRDI.
After a first round in December 2007, Neosens closed its second round of financing for € 4 million bringing the company’s capital to € 6.5 million.
Founded in 2001 in Toulouse by Laurent Auret, Neosens develops and markets a new generation of measuring instruments with sensors based on Microsystems technologies for monitoring and measuring the quality of water and industrial liquids. The product list includes unique and revolutionary sensors for continuous, real-time and in-situ measurement of fouling (biofilm & scale) thickness inside industrial equipment carrying water or industrial liquids, as well as monitoring solutions for continuous measurement with automatic calibration of dissolved oxygen at very low levels (ppb) in water or hydrocarbons.
In addition, Neosens (neo-sens.com) develops new products and customized solutions for its customers through its technological platform. Neosens’ unique probes, equipped with miniaturized and easily integrated sensors, contain innovative features that respond to current issues faced by monitoring networks and industrial processes. Neosens’ products have proven themselves in industrial processes designed for the pulp & paper industry, the food & beverage industry, and in water treatment applications for cooling towers.
Along with this second fund raising, Laurent Auret decided to pass on his position as CEO to Thierry Brisard in order to ensure the management of Strategic Development and Innovation of the company. After his experience as General Manager at Nalco (specialty chemicals for water treatment and process) Thierry Brisard joined Neosens in June 2008. He aims to capitalize the fundamental values initiated by Laurent Auret, and to lead the company up to its financial independence. "Laurent Auret succeeded in developing and industrializing worldwide unique products which give a true response to current technical and sanitary industrial issues. My goal is to market these products that have been demonstrated to be industrially reliable, and to contribute in making Neosens a real business success. This will be achieved through an ambitious and responsible development of our sales activities, which can be realized now thanks to the renewed trust of our initial investors Sofinnova, Capricorn Cleantech Fund and ICSO. However, this goal can only be achieved if we stick to our people development process and to our core values: technical excellence, professionalism and customer care," says Thierry Brisard.
“In the process initiated several years ago for the reinforcement of management, meeting with Thierry Brisard and especially the success of this transition are among the key events in the history of our company. Our duo, with its complementary skills and personalities, is the key element to achieve the goals we have set,” says Laurent Auret, who will continue to attend the Board of Directors.
This second round of funding will allow Neosens to continue financing both its development and marketing initiatives and fuel the company’s growth. The objectives will be also the development of next generation monitoring solutions, and the addition of new measurement techniques to its technological platform.