Cegid strengthens its position in the Payroll and Human Resources solutions market and continues its international expansion with the acquisition of Meta4
Madrid, 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 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