Iris Capital exits Human Inference, the recognized European leader
in Data Quality Management, acquired by Neopost
Paris, November 30th 2012. Iris Capital portfolio company Human Inference, one of the leading European data quality solution providers based in The Netherlands, today announced that it has been acquired by Neopost, the European leader and the world's number-two supplier of mailroom solutions. Neopost, listed on Euronext Paris (ticker: NEO), has a direct presence in 29 countries, with 5.900 employees and annual sales of EUR 1.003 million in 2011. Its products and services are sold in more than 90 countries.
Human Inference primarily develops integrated management solutions for customer databases. Pooling all the information concerning a customer into a single master database drives a significant improvement in data management and quality and boosts the effectiveness of the action plans carried out on the basis of this information. The systems developed by Human Inference can be used in all languages and adapted to all cultures. Its customers include numerous banks, insurance companies and other large businesses. Amongst their tier one clients are ABN AMRO, Center Parcs, E-ON, ING Bank and Nutricia.
Denis Thiery, Chairman and Chief Executive Officer of Neopost, commented: “We are delighted to welcome to Neopost the teams of Human Inference. The acquisition of Human Inference illustrates the pursuit of our strategy for expansion in activities that are not directly related to mail. The solutions provided by Human Inference will enrich our data quality offerings in addition to the postal address management solutions developed by our Satori Software subsidiary.”
Winfried van Holland, Chief Executive Officer of Human Inference, stated: “We are very pleased to join Neopost. This offers us access to new markets and the support and relationships of a large multinational organization. In addition, this extends Neopost’s coverage of the customer communications value chain.”
About Iris Capital
Iris Capital is a pan-European venture capital fund manager specializing in digital economy. Since its inception in 1986, the Iris Capital team has invested more than €900 million in more than 200 companies.
Iris Capital targets opportunities in service or technology companies, seeking growth capital in order to realize their strategy. It provides active support to its portfolio companies on the basis of its strong sector specialization and experience, and has offices in Paris, Düsseldorf, San Francisco, Montreal, Riyadh, Dubai, Beijing and Tokyo.
In 2012 Iris Capital has entered into a strategic partnership with Orange and Publicis to manage their joint venture capital initiative.