Telelogos Launch Employee Shareholding Programme
Russ Curry, Ministry of New Media
Telelogos, the international software publisher with headquarters in Angers and products deployed in more than 50 countries, has successfully launched a program to open up capital to all its employees.
Having grown some 70% over the last five years, Telelogos now aims to establish itself beyond its original French and European borders. We are told that s program to open up capital to all employees is part of its 2023 strategic plan for accelerated growth against the backdrop of technological innovation and deployment in new geographical areas through organic and external growth.
Christophe Justeau, President of Telelogos told us “Telelogos’ success is built on the talent, ideas and efforts of all its employees: they innovate and invent new products, develop the best ways to promote and sell them, discover and explore new markets, support partners and customers, and ensure the company’s financial health. This unifying project marks the management team and current shareholders’ will – some of whom are already employees – to reinforce everyone’s contribution to the company’s development”
The capital programme is open to employees on permanent contracts (minimum 7 months) and regardless of their position in the company, Telelogos launched the shareholding program, which took the form of a share buyback, in July 2019. Two thirds of eligible employees joined and are now shareholders in their company.
Christophe Billaud, Managing Director of Telelogos said We are pleased with this success. While our good results give us peace of mind, any participation in the capital of a company involves risks taking and this commitment by Telelogos’ employees is a great sign of confidence in the company and its current strategy. We are pursuing our development and growth strategy, while maintaining good profitability, and we plan to make this program sustainable by renewing it regularly. This is an additional means of strengthening our community and attracting new talent and high potential”.
Telelogos has more than 2,000 customers and 500,000 licenses used in more than 50 countries.
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