Belgian billionaire Marc Coucke sinks €16 million into utilities software maker Itineris
Summary
Ghent-based SaaS solutions for utilities maker Itineris has received a €16 million investment from Belgian billionaire Marc Coucke’s holding company Alychlo. Founded in 2003 by Edgard Vermeersch, Itineris develops software solutions for energy and water companies that aid in business processes optimisation goals; including, but not limited to environmental objectives, and improving customer relations and the end-user experience. Itineris operates with a staff of over 400, with offices in Europe and the U.S., and reports its annual turnover growing 23% in 2021, to a healthy €60 million. Alychlos track record of taking businesses to the next level is a huge incentive for our entire team to become even more successful on both sides of the ocean.” On the investment, Coucke commented, “I am very impressed with the course that Itineris has traveled in recent years. If you, as a Belgian player, can breakthrough in the U.S. and successfully launch your software in a city like New York, with a population of nine million, then that is saying something.”
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