Quanteam, a long-standing pure-play financial markets consulting firm, is acquiring a strategic stake in Symphonics, a deep-tech company supporting the energy transition.
It's a combination of Fintech and Greentech!
QUANTEAM, a leading provider of banking and finance consulting services, announces a strategic investment in Symphonics, a greentech company specializing in innovative energy solutions for households and businesses. QUANTEAM is also the founding entity of the RAINBOW PARTNERS consulting group (€103 million in revenue, 980 employees, 11 offices worldwide).
Since 2007, QUANTEAM has been a privileged partner of investment banks, asset managers and other financial institutions, thanks in particular to its expertise and historical knowledge of market trading.
As part of its business, QUANTEAM also works with highly secure information systems used by banks and energy exchanges. Symphonics, for its part, combines the Internet of Things (IoT), big data, and energy trading to offer predictive models and smart solutions that optimize energy consumption, enabling companies—including major banking groups—to reduce their costs and carbon footprint.
INNOVATING TOGETHER TO ACCELERATE THE ENERGY TRANSITION FOR BUSINESSES
As ESG (Environmental, Social, and Governance) criteria become increasingly important for companies, QUANTEAM and Symphonics a capital and technology partnership to strengthen their respective efforts with major players in the energy trading sector.
"For QUANTEAM, this partnership with Symphonics a natural fit. For one thing, the challenges of market trading—QUANTEAM’s traditional core business—and energy trading are very similar.
This synergy will enable us to accelerate Symphonics growth Symphonics major energy companies.
“Furthermore, Symphonics innovation itself: we want to offer our clients—major players in the banking and financial sectors—smart energy solutions to help them reduce their carbon footprint and develop their energy transition plans,” explains Julien BENSOUSSAN, President and CEO of QUANTEAM and the RAINBOW PARTNERS Group. Mathieu ROCHARD, CEO of Symphonics , “For Symphonics, the support of QUANTEAM—a strategic partner to financial institutions—enables us to offer these institutions a concrete solution to their growing obligations regarding environmental responsibility and to take action on their carbon footprint while reducing their costs.”
SYMPHONICS x QUANTEAM: A STRONG ALLIANCE TO MAKE ENERGY MORE ACCESSIBLE THROUGH ADVANCED TECHNOLOGY
In addition to this equity investment, QUANTEAM is also providing Symphonics with Symphonics team of experts from its IT department. This “Core IT Team” is applying its expertise to develop the Symphonics solution, contributing to its architecture, infrastructure, microservices, and IoT connectivity, and playing an active role in every phase of the project: development, technical specifications, QA, cybersecurity, and data & AI operations. “From the design phase through to implementation, Quanteam’s teams are involved in every stage of developing the Symphonics technology Symphonics are an integral part of our teams. A capital partnership therefore seemed like a natural step for us,” concludes Mathieu ROCHARD, CEO of Symphonics.
ABOUT QUANTEAM
A founding member of the Rainbow Partners group, QUANTEAM is a consulting firm specializing in banking and finance, with operations in France and abroad. Thanks to its dual business and IT skills, Quanteam supports its key account customers (corporate and investment banks, asset management companies, private and retail banks, securities custodians, etc.) throughout the Front-to-Back chain, in the evolution of their business activities and in their Transformation projects. Gathered around four strong human values - proximity, team spirit, diversity, excellence - the 700 QUANTEAM consultants are organized around 5 areas of expertise: Quantitative Finance, Risks Compliance & Regulatory, Operations & Finance, Transformation & Organization of Information Systems. As a committed company, Quanteam is committed to sustainable development (Ecovadis Gold), diversity (F/H index: 86%) and quality of life at work (Best Workplace Experience). In 2023, QUANTEAM posted sales of €75.4 million. Since June 2024, QUANTEAM is certified ISO/IEC 27001 : 2022 Learn more about QUANTEAM : https://quanteam.fr/
ABOUT SYMPHONICS
Born out of a collaboration between experts in the energy and energy efficiency markets, Symphonics on a mission to make energy cheaper, greener, and more accessible by offering its customers monitoring and management services that align the operation of their equipment with their energy bills and the needs of the power grid. Symphonics thus Symphonics tangible Symphonics to the energy transition by reducing energy bills and carbon footprints, notably by enabling customers to consume energy when it is cheapest and has the lowest carbon footprint. As an integrated flexibility operator certified byRTEandENEDISto manage electricity consumption, generation, and storage, Symphonics its portfolio of connected devices on a daily basis in residential buildings, social housing complexes, and commercial and institutional facilities. Learn more about Symphonics presse@symphonics.fr
ABOUT THE RAINBOW PARTNERS GROUP
Founded in 2007 by QUANTEAM, a pure player in market finance consulting, and ASIGMA, a consulting firm with expertise in insurance, RAINBOW PARTNERS is a multi-specialist consulting group with 11 offices in France and abroad: Paris, Lyon, London, New York, Montreal, Brussels, Luxembourg, Casablanca, Geneva, Lisbon and Porto. RAINBOW PARNERS brings together nine consulting firms, all specialized in a particular business sector (Banking, Finance, Insurance, Industry) or cross-functional area of expertise (Blockchain, Data, AI, Purchasing, Transformation, Cybersecurity, Customer Relations, Innovation Financing...). RAINBOW PARTNERS will have sales of over €103m and 980 employees serving 89 key accounts by 2023. To find out more about RAINBOW PARTNERS: http: //www.rainbowpartners.com/
CABINETS OF THE RAINBOW PARTNERS GROUP The consulting firms of the RAINBOW PARTNERS Group are :
ABOUT SYMPHONICS
Founded in 2023, Symphonics an innovative French scale-up at the heart of the green transition, specializing in the smart management of equipment for the production, supply, storage, and consumption of electricity. Through its connected platform, Symphonics significantly reduce its customers’ energy bills and carbon footprint by automatically shifting their consumption to times when energy is cheapest and has the lowest carbon footprint.
Symphonics “Managed Energy” solutions, including electricity buyback and energy flexibility, to its residential, commercial, and industrial customers.
Certified byRTEand awarded the Deeptech label byBPI France, Symphonics authorized to manage electricity generation, storage, and consumption. With more than 350,000 connected devices, Symphonics individuals and businesses achieve lower-cost, greener energy consumption.
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