Silver Lake-backed Cegid to acquire Talentsoft from Goldman Sachs, BPI, Highland Europe, Seventure and TempoCap.

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.