Innovacom, the corporate venturing unit of phone operator France Telecom, has led the €4m ($6m) round for Intersec, a France-based software provider of value-added services platforms for mobile operators. Alongside Innovacom in the round was CM-CIC Capital Innovation. Denis Champenois, managing director of Innovacom, said: "We are happy to be accompanied by CM-CIC Capital Innovation which provides its banking expertise in this fund raising." Intersec first expanded outside its domestic market by delivering value added services to France Telecom-Orange affiliates in Europe and Africa. We consider this investment as a new statement of trust from the market in our company after SFR Devel­oppement’s investment at the end of 2008" said Yann Chevalier, chief executive of Intersec.

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