Emailvision, a pan-European email service provider based in France, said Tuesday it is filing for an initial public offering on the Euronext Paris Alternext stock market.

Founded in France in 1999, the on-demand email marketing software provider has expanded into the United Kingdom and Germany.

It hopes the IPO will raise enough money to help it increase spending on research and development, install new data centers and expand its sales force, CEO Nick Heys said at a Paris news conference.

Over the next three years the company hopes to grow revenue by at least 50 percent per year and double its market share in Europe, he said.

Online marketing is a booming business. Forrester Research predicts that email marketing in Europe will be worth €1.25 billion ($1.52 billion) in 2010. The biggest markets will be the United Kingdom and Germany.

Emailvision recorded revenue of €6.85 million in 2005, up 73 percent from the previous year. The company said it has been profitable since October 2004.

The company’s software helps businesses create and manage email marketing campaigns. It has more than 400 clients, including catalog company 3 Suisses, European chain stores Celio, Darty, and Sainsbury’s, and international companies like Unilever and Sony.

The company has raised €18 million in venture capital in five rounds. Investors include Sofinnova Partners and SPEF Venture. Emailvision’s stock will be quoted on Alternext beginning February 14.