ITRIS Automation Square
Software for traduction and verification of industrial programmable logic controller programs.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
| EUR | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 70 % | 30 % | - | (11 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (6 %) | 18 % | - | 9 % | (10 %) |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (35 %) | (8 %) | 3 % | (3 %) | (47 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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ITRIS Automation Square, founded in 1995 and based in Grenoble, France, operated as a specialized software engineering company focused on development tools for Programmable Logic Controllers (PLCs). The firm was established by Éric Bantégnie, who served as its CEO and brought significant experience from his previous roles, including founding Esterel Technologies and working at the French Ministry of Industry and Telecommunications. His background in both IT and telecommunications shaped the company's direction in creating solutions for mission-critical embedded systems. The company's primary objective was to enhance the development processes for its clients, enabling them to produce higher-quality programs within shorter timeframes.
The business model centered on providing a suite of software tools designed to complement the existing programming tools from major PLC vendors. ITRIS Automation's product line included PLC Checker for code analysis and quality assurance, PLC Converter to streamline migration between different PLC systems, PLC Autotest for generating functional tests, and ICS Monitoring for real-time diagnostics to reduce downtime. These tools offered a platform- and language-independent framework, allowing for programming at a higher level of abstraction. The company served a diverse industrial client base, including machine builders and companies in the manufacturing, food & beverage, automotive, energy, and pharmaceutical sectors.
In September 2013, ITRIS Automation secured $1.4 million in a Series A funding round from investors including Kreaxi, Siparex, and XAnge, which supported its growth and product development. A significant milestone was the company's acquisition by Schneider Electric on February 1, 2019, a deal facilitated by Inflexion Points Technology Partners. This acquisition integrated ITRIS's specialized PLC tools into the portfolio of a global leader in energy management and automation, validating the value and effectiveness of its technology.
Keywords: PLC development tools, programmable logic controllers, PLC code analysis, PLC migration, PLC testing, industrial automation software, Schneider Electric acquisition, Éric Bantégnie, PLC Checker, PLC Converter, ICS Monitoring, embedded systems development, manufacturing automation, process industries, code quality, software engineering tools, Grenoble tech, machine builders, automation software, functional test generation