ARLANE is pleased to announce the sale of Eliis to Seequent, a Bentley Systems company (NASDAQ GS: BSY), following bilateral negotiations.
Founded in Montpellier in 2007, Eliis has established a strong international presence with PaleoScan, its seismic interpretation software used by oil & gas and geothermal players to map the subsurface.
Around 95% of its business is generated outside France. ARLANE invested in Eliis in 2024 through a primary majority LBO.
Since then, the Eliis teams, led by Benoît Matha and Yann Delmas, have driven several major initiatives in parallel:
- the transition from licence sales to SaaS,
- the integration of AI at the core of PaleoScan, and
- the launch of a new software product, PaleoModel, dedicated to reservoir modelling.
Since ARLANE’s investment, Eliis’s revenue has tripled, as has its headcount. Eliis is a portfolio company of the ARLANE III fund.
Jean-Valmy Nicolas des Lauriers, Founding Partner of ARLANE, said: “Thanks to the outstanding work of Benoît Matha, Yann Delmas and the entire Eliis team, the company has come a remarkable way, establishing itself as an international benchmark in seismic interpretation. ARLANE is delighted to have supported Eliis since 2024 in an ambitious technological, entrepreneurial and human venture.”
Benoît Matha, President of Eliis, added: “I am very proud of how far Eliis and its teams have come. In less than two years, we have reached major milestones and accelerated our growth, with the support of ARLANE, whom I would like to thank. Joining forces with Seequent now opens an exciting new chapter. The complementarity of our technologies, expertise and international footprints gives us the means to go even further in our markets and to accelerate our shared ambition.”