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New Deal


Announced

Completed

Cegid completed the acquisition of Wittyfit.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Friendly

Majority

France

Single Bidder

Domestic

saas

Software

Acquisition

Private

software developer

Synopsis

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Cegid, a cloud business management firm, completed the acquisition of Wittyfit, a SaaS platform. Financial terms were not disclosed. "With the acquisition of Wittyfit, Cegid consolidates its investment strategy and its leading position in the Human Resources and Talent Management market in the cloud. Our objective is to accelerate the development of Wittyfit in France, then very quickly internationally, particularly in Spain," Pascal Houillon, Cegid CEO.

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