Conztanz, a software editor in the Aviation sector, has completed its first fundraising of €2 Million with A Plus Finance and Pléiade Venture to finance its R&D activity and business development.
Created in July 2013 and located in Sophia-Antipolis in the heart of the French Silicon Valley, Conztanz intends to respond to complex IT problems of the airline industry by offering a wide range of software and services. The three founders created Conztanz at the end of 2012 when they realized that airlines and airports lack a greater knowledge of their travelers’ experience and are missing the opportunities provided by new technologies (e.g. Big Data and new generation data integration tools).
Indeed, customer knowledge is key to improve the profitability of all business services. In a particularly competitive world, loyalty issues, customization and increased revenues per passenger have become a top priority for airlines. But the information systems of airlines and airports are generally very complex and heterogeneous. They are built by the expensive juxtaposition of software without standard connectors, which create serious integration problems that are now at the heart of their concerns.
Conztanz’s ambition is to provide airlines the tools to give them greater control over their digital strategy. By providing access to their data on the combined knowledge of their customers and their travel experience, the connections facilitated within the company as well as those between different databases and systems, Conztanz will enable them to improve profitability.
The solutions provided by Conztanz software are also intended for the airport sector. The contribution of IT solutions is also key to meet the demands of a growing security framework (for example, passenger identification) and to optimize the “traveler journey”: reducing check-in time with automatic bag-drop machines, maximizing monetization of time spent within the airport, sending targeted commercial offers and personalized information in real-time, etc.
Conztanz’ offer is structured around:
This capital increase of €2 million, led by A Plus Finance and Pléiade Venture, will enable Conztanz to accelerate its investments in R&D, critical to accelerating its growth. In 2014, Conztanz posted a turnover of €2 million.
Bertrand Kientz, CEO of Conztanz, said:
“This first round just two years after the creation of Conztanz reflects the confidence of A Plus Finance and Pléiade Venture. It allows us to take another very important step. We can continue to develop at a rapid pace our integration platform and innovative applications. Designed for airlines and airports, they will allow enhancement and customization of the service provided to travelers. The entire Conztanz team is fully mobilized to achieve the ambitious goals we have set to ourselves in becoming a key technology partner for the travel industry.”
The first milestone will be to continue the development of the platform for multi-service IT integration between the passenger service systems (PSS) and CRM systems for airlines and airports. Conztanz is also building a contextual marketing component (CXMapp) which, based on the reservation data, check-in data and sometimes unfortunate experiences, can profile customers in real-time and enable personalized interaction.
The management of the company is composed of three founders, all IT & Aviation sector experts: Bertrand Kientz (CEO), Jean-Paul Camous (CTO) and Guy Vermeil (COO) who each behold proven experience at Air France, Amadeus or JC Decaux. Conztanz now employs about twenty employees, of which over 80% are IT engineers, and its customers include Luxair, CityJet, Braathens Aviation and Brussels Airlines. Conztanz also participates in the French PNR database project which aims to establish traceability of travelers coming to French territory.
Alexandre Villet, Investments Director at A Plus Finance, added:
“We are very excited to support Conztanz in its development. The experience of Bertrand Kientz and its teams and their understanding of the needs of players in this high-growth sector have been fundamental to our decision to invest.”
Laurent Vernier, Investments Director at Pléiade Venture states: “The functional expertise of Conztanz Engineers and the international network of its leaders should quickly make a key player in the global aviation industry because of the relevance of the solutions.”
Legal advice: Philippe Meylan
Financial advice: Neuflize OBC (Jean-Christophe Liard)
Legal advisors: Gide Loyrette Nouel (Pierre Karpik Louis Vulpian)
Accounting and financial audit: Oderis Consulting (Julien Passerat, Candice Veuillet)
Legal Audit: Bonna & Associés (Sigmund Briant)
Conztanz: Reinvent traveler’s experience with technology: this is our goal.
Conztanz is a software company that specializes in providing innovative digital solutions for the travel industry powered by a sophisticated integration platform that links Passenger Service Systems (PSS) solutions and airlines’ Information System.
Airlines face a strategic challenge today – to enrich and personalize customer service provided through more and more digital channels. In the meantime, airlines and airports explore new synergies to improve traveler experience throughout their journey. Conztanz aims to help airlines and airports to improve overall traveler experience with powerful digital solutions and the potential of big data technologies. Conztanz combines in-depth expertise in the air transport industry, PSS solutions, and software development to offer a turn-key travel digital platform and an airline business “marketplace” (CXM, mobile and tablet apps for travelers and crew, smart IFE, airport passenger tracking).
For more information: https://www.conztanz.com
About A Plus Finance:
For over 15 years, A Plus Finance invests in the real economy mainly through unlisted assets. The areas of expertise developed within the management company are focused on Innovation, Capital Transmission, Real Estate, Financing of Cinema and Funds of Funds. Each activity has its own team and offers investment vehicles to both individuals and institutions.
On the 31st December 2014, assets under management or advised amounted to €600 million of which over 20% were for institutional accounts.
For more information: www.aplusfinance.com
About Pléiade Venture:
Pléiade Venture is a Venture Capital Company that invests in start-ups in amounts ranging from €100k to €2 million. While many financial institutions have deserted Venture Capital and fled to Development Capital or LBO, Pléiade Venture remained focused on the development of young companies, meeting their needs for long-term support. Since 1999, Pléiade Venture has brought together successful entrepreneurs with financial success as well as the motivation to pursue their entrepreneurial experience with venture capital. Some of these entrepreneurs were themselves funded by Pléiade Venture in the past. The current portfolio consists of fifteen companies in diversified sectors (except Biotechnology) on the entire French territory. The company, historically based in Paris, opened an office in Lille on the premises of Euratechnologies.
For more information: www.pleiadeventure.com
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