Quanteam, a long-standing pure player in market finance consulting, takes a strategic stake in symphonics, a deep tech company serving the energy transition.
It's a combination of Fintech and Greentech!
QUANTEAM, a leading player in banking and finance consulting, announces the acquisition of a strategic stake in Symphonics, a greentech specializing in innovative energy solutions for individuals and businesses. QUANTEAM is also the founding entity of the RAINBOW PARTNERS consulting group (€103m sales, 980 employees, 11 international offices).
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 on highly secure information systems for banks and marketplaces. Symphonics, meanwhile, combines IoT, Big Data and energy trading to offer predictive models and intelligent 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
At a time when ESG (Environmental, Social and Governance) criteria are taking on vital importance for companies, QUANTEAM and Symphonics have announced a capital and technological alliance to strengthen their respective actions with the major players in energy trading.
"For QUANTEAM, the merger with Symphonics was an obvious choice. On the one hand, the challenges of market trading, QUANTEAM's historical core business, and energy trading are very similar.
This synergy will enable us to accelerate Symphonics' growth with major energy players.
On the other hand, Symphonics embodies innovation itself: we want to offer our customers - major banking and financial players - intelligent energy solutions to help them reduce their carbon footprint and develop their energy transition plan," explains Julien BENSOUSSAN, Chairman and CEO of QUANTEAM and the RAINBOW PARTNERS Group. Mathieu ROCHARD, CEO of Symphonics adds "For Symphonics, the support of QUANTEAM, a strategic partner of financial institutions, enables us to offer them a concrete response to their growing obligation in terms of environmental responsibility, and to act 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 a team of experts from its IT department. This "Core Team IT" deploys its know-how to develop the Symphonics solution, contributing to its architecture, infrastructure, microservices and IoT connectivity, and intervening in every project phase: development, technical specifications, QA, cybersecurity, and Data & AI exploitation. "From the design phase through to implementation, Quanteam's teams are involved in every stage of the development of Symphonics technology, and are an integral part of our teams. A capital-intensive alliance therefore seemed 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
Symphonics was born from the meeting of experts in the energy and energy efficiency markets. Its mission is to make energy cheaper, greener and more accessible by offering its customers supervision and control services that enable them to align the operation of their equipment with their energy bills and the needs of the power grid. Symphonics thus makes a concrete contribution to the energy transition by reducing energy bills and carbon footprints, in particular by enabling consumption at times when energy is cheapest and least carbon-intensive. Symphonics is an integrated flexibility operator approved by RTE and ENEDIS for the management of electricity consumption, production and storage, and manages its portfolio of connected equipment on a daily basis in residential buildings, social housing estates and the service sector. To find out 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 is an innovative French scale-up at the heart of the ecological transition, specializing in the intelligent control of electricity production, supply, storage and consumption equipment. Thanks to its connected platform, Symphonics can significantly reduce its customers' energy bills and carbon footprint by automatically shifting their consumption to times when energy is cheapest and least carbon-intensive.
Symphonics offers its residential, tertiary and industrial customers a range of "controlled energy" solutions, including electricity purchase and energy flexibility.
Symphonics is an RTE-certified operator and has been awarded the Deeptech label by BPI France. The company is licensed to manage the production, storage and consumption of electricity. With more than 350,000 connected devices, Symphonics supports individuals and businesses in their drive towards cheaper, greener consumption.
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