Pradeo, specializing in mobile application security, has deployed its efforts internationally over the past year, opening subsidiaries and establishing partnerships around the world. The company is among the hundred or so French companies currently experiencing hyper-growth, thus entitled to the French Tech Pass.
Pradeo developed a “Trust revealing” engine that detects the entirety of a mobile application’s behavior when users download it, before first use. The company’s products have been available since 2013, and quickly attracted large French companies seeking to secure their pools of mobile terminals. Clients include Sanofi, Yves Rocher, Société Générale, the Ministry of Defense and Ministry of Foreign Affairs, Crédit Agricole, and more. France’s postal service, La Poste, even equipped all of its mail carriers’ smartphones, some 100,000 terminals, with the young startup’s solution.
Clément Saad, a Montpellier local with a PhD in Computer Science, originated this success story. The founder explains: “Pradeo is a product entirely rooted in Montpellier. I studied at the LIRMM. The whole research and development team came from that laboratory, which has a PhD program in information security. The company benefited from assistance by the Montpellier Méditerranée Métropole Business and Innovation Centre (BIC) from 2008 to 2015. That is, three years before the company was founded, and four years after.” Pradeo officially graduated from the incubator in early October, setting up operations at its new location in Montpellier.
Pradeo took off internationally in 2015: the company opened offices in London and San Francisco, and signed three worldwide partnerships, one with the Korean giant Samsung, and two with American companies, MobileIron and AirWatch, both world leaders in remote mobile terminal management. Clément Saad continues: “These companies are key technology partners for attracting distributors and integrators for our solutions internationally”, thus enabling the company to anticipate equipping tens or even hundreds of millions of terminals.
The company plans to open other subsidiaries in 2016, notably in Germany and Asia. Showing strong results, the company’s sales revenue has grown significantly. This enabled Pradeo to obtain the “French Tech Pass,” which the French government launched to assist companies undergoing hyper-growth.
Pradeo now employs some twenty people, and generated sales revenue of 1 M€ in 2014. Results are not in yet from the 2015 tax year, but the company expects to show a noticeably higher figure, 30% of which is generated by exports. To accompany its growth, Pradeo plans to grow from 20 to 50 employees within the next two years, developing products to reach the market for connected objects. Major new international contracts are being finalized at this time.
Find out more:
- Pradeo
- Montpellier Méditerranée Métropole Business and Innovation Centre (BIC)
- Montpellier French Tech
