Sidetrade SA (ALBFR.PA) Tuesday said that Mission Trail Capital Management LLC has acquired 80,659 shares of the company, thus representing 5.39 percent of its outstanding share capital. This is the second major investment by a US-based firm in the company in recent months.
The France-based AI software company said that earlier, Briarwood Chase Management had increased its stake to over 10 percent of Sidetrade's capital.
Sidetrade reported fiscal 2025 revenue of 61.4 million euros, up 14 percent at constant currency. Subscription revenue touched 53.5 million euros, an increase of over 20 percent.
Commenting on the developments, Joshua Braden, Founder of Mission Trail Capital Management, said, "We are thrilled to invest in Sidetrade. By investing in a proprietary Data Lake and embedding AI into their roadmap years before it became a buzzword, the team demonstrated a long-term commitment to superior customer outcomes leveraging cutting edge technologies. We look forward to supporting their continued growth."
On the Paris Exchange, ALBFR.SA is up 3.1 percent on Tuesday's trading at 148.00 euros.
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