Saaswedo, a French company specializing in telecom expense management and an EPSA subsidiary, announces its first strategic investment in CBI Telecommunications, a leading player in the TEM (Technology Expense Management) market.
For 31 years, CBI Telecommunications has been supporting its customers on large-scale TEM projects. Its team of 32 employees provides experienced consulting services and uses managed platforms to carry out the various projects entrusted to them. During its last fiscal year, the company achieved revenue of €5.6 million. CBI Telecommunications is also a certified member of the Women’s Business Enterprise National Council (WBENC).
Saaswedo has operated in the United States market for eight years, but with this investment, the company has significantly expanded its US presence. Saaswedo will now be able to rely on an extended local team capable of managing new projects from start to finish. To support this, Saaswedo aims to streamline processes and scale up its mytem360 platform locally.
This investment will also enable CBI Telecommunications’ teams to offer their customers new products and services, including digital equipment carbon footprint tracking. This inorganic growth is a real opportunity for Saaswedo to leverage a network of indirect sales professionals currently being assembled. Finally, at the organizational level, all CBI Telecommunications teams and management will be retained. With these elements in place, the Saaswedo group will have more than 90 employees and exceed €12 million in revenue this year.
Christian Cor and Gilles Mezari, Associate Directors at Saaswedo, said: “This strategic announcement marks a major step in the internationalization of our activities. The United States is a particularly attractive reference market in which we will be investing heavily. The expertise of the CBI Telecommunications teams is a structuring element that will enable us to accelerate rapidly by relying on committed talent.”
Denise Booms-Pepin, CEO of CBI Telecommunications, added: “This announcement expands CBI Telecommunications’ international presence and allows us to better distribute our expertise globally. The combination of CBI Telecommunications’ resources with Saaswedo’s technology and service offering will enhance our customers’ user experience while providing them with the tools to effectively manage their technology spend.”