Cegid strengthens its position in the Payroll and Human Resources solutions market and continues its international expansion with the acquisition of Meta4
Paris, 2 August 2019 – Cegid, leader in management solutions for the fields of Accounting, Taxation, Payroll and Human Resources, ERP and Retail, reinforces its position in the Payroll and Human Resources solutions market with the acquisition of Meta4, a leading Spanish software company specialising in cloud solutions. This important step enables Cegid to become a category leader with a combined 22 million employees managed through its systems. The addition of Meta4 greatly complements Cegid’s product offering and extends its geographical reach to key clients in Spain, Portugal and countries in Latin America.
With its integrated Payroll and Human Resources software suite, its people-centric innovation approach and the high expertise of its teams, Meta4 has almost 30 years of successful experience in providing its clients with innovative solutions across a broad range of sectors including services, industrial applications, telecommunication, finance, travel and education.
The combination with Meta4 enables Cegid to provide a complete range of Payroll and Human Resources software to companies of all sizes in the French market, and opens up new international expansion opportunities.
“With the acquisition of Meta4, we are reinforcing our strategy to serve the Human Resources profession, one of Cegid’s five core markets. Combining the talent of Meta4’s employees and its proven technology with our knowledge and expertise allows us to jointly and comprehensively respond to the requirements of the French and Iberian payroll markets with a full range of solutions, and to strengthen our position as a leader in cloud-based services. This step is an incredible opportunity which considerably enhances our ability to serve clients based on a broadened international footprint. Cegid’s position as a leading provider of innovative and effective software solutions is stronger than ever.” Pascal Houillon, CEO of Cegid.
Meta4 will become an integral part of Cegid’s Payroll and Human Resources Business Unit under the leadership of Philippe Clerc. Meta4’s employees will join the Cegid teams and share their in-depth expertise across the full range of Payroll and Human Resources Management processes. The joint team will focus on implementing synergies enabling them to best serve the needs of the combined client base. Cegid will maintain and enrich the Meta4 product portfolio and will continue to support clients in their transition to the cloud.
“We are very excited to be joining forces with Cegid. This gives us the unique opportunity to benefit from the combined and enhanced expertise in cloud-based solutions which will help to further improve and grow our customer offering. We look forward to becoming part of the Cegid ecosystem which has, throughout its development, surrounded itself with the best partners in the sector.” Carlos Pardo, Head of Iberia and Latin America, Meta4.
Cegid’s shareholders Silver Lake and Alta One are highly supportive of the transaction and share both management teams’ excitement for the prospects of the combination, enabling the joint group to serve customers with an enhanced product offering, further strengthen its growth and consolidate its position as a European SaaS leader.
The completion of the transaction remains subject to customary approval by the competent authorities
Press contacts: Agence Proches
- Antoine Tredez – [email protected] – (+34) 06 63 80 45 14
- Mélanie Farge – [email protected] – (+34) 07 63 13 42 10
About Cegid
Cegid is a key player in management solutions for businesses and professionals in the fields of Accounting, Taxation, Payroll and Human Resources, ERP and Retail. With its track record as a leader in SaaS management solutions, Cegid supports customers throughout their digitization processes. Cegid combines a forward-looking vision of businesses and professions with its mastery of new technologies, to offer innovative and effective solutions. With exceptional knowledge of all regulatory systems, Cegid is able to provide ongoing long-term support to its clients. In a rapidly evolving world, Cegid creates opportunities and increases added value for customers in all business areas.
Cegid has 2,400 employees and markets its solutions in 75 countries. The Company had a turnover of €401 million in 2018. For more information: www.cegid.com; http://jobs.cegid.com/
About Meta4
Meta4, a world-class Global HCM provider with 1,300 clients in 100 countries, manages more than 18 million people worldwide. Meta4 R&D and innovation centers in Europe and the Americas develop advanced applications to fully address both local and global needs for any company, regardless of size and complexity.
Meta4 cloud solutions offer HR professionals state-of-the-art technology with the best possible user experience for managing the complete employee cycle, from payroll and personnel administration through to global talent management.
For more information : https://www.meta4.com/