Announced
Financials
Tags
Domestic
Majority
Private
Friendly
Single Bidder
Acquisition
Pending
Software
software development
human resources management
France
Private Equity
Synopsis
Silver Lake-backed Cegid, a major provider of business management solutions, is set to acquire Talentsoft, a provider of HR software solutions, from investment firms Goldman Sachs, BPI, Highland Europe, Seventure and TempoCap. Financial terms were not disclosed. "The acquisition of Talentsoft will allow us to accelerate our strategy to serve Human Resources clients, who form one of Cegid’s five priority markets. By combining our two companies, Talentsoft and Cegid will become a leading group with revenue of over €600m ($715m)," Pascal Houillon, Cegid CEO.
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