Proginov ERP News 2018

Proginov, IT solution publisher and hosting service, posted growth of 11.5% in 2017, with revenue of 33.4 million euros. Cloud services continue to drive growth and represent 64 per cent of its sales.

In a software publishing market that grew by 3.4% in 2017 according to Syntec Numérique, Proginov generated revenue of 33.4 million euros, an increase of 11.5% compared to 2016.

“Never has venture capital invested so much on the tech market in France, with more than 2 billion euros in 2016*. In this context, Proginov is focusing on Research and Development, with total financial independence. We invest 30% of our revenue, more than 10 million euros, on R&D. This level of investment is rare, even in the tech industry.  Our financial independence is our trademark: 85% of our employees are shareholders in the company, and 100% of Proginov’s capital belongs to its employees and directors. Our independence gives us long-term vision and prospects that are reassuring in a volatile market. This is what enables us to take bold action when it comes to R&D. And Research and Development is what is driving our growth,” says Philippe Plantive. 

For instance, third party hosting (developed by R&D) continues to boost Proginov’s sales (+ 28% in 2017). The company leverages this growth to hire new people, increasing its workforce by 10% every year. 

In addition, a new building with space for 130 people was delivered at the beginning of the year, expanding the Proginov campus to accommodate its growth.

* Source: Syntec Numérique

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