Silver Lake-backed Cegid completed the acquisition of sevdesk.

Silver Lake-backed Cegid, a provider of cloud-based management solutions for finance, human resources, accountancy, retail, and entrepreneurship, completed the acquisition of sevdesk, a provider of pre-accounting, accounting, e-invoicing, and online tax declaration software solutions for businesses in the DACH region. Financial terms were not disclosed. "Millions of businesses in the DACH region are adapting to the upcoming electronic invoicing reforms and now, together with sevdesk, Cegid is uniquely positioned to help those businesses effectively navigate a rapidly accelerating digitalization journey. With our recent acquisitions of leading software and digitalization solutions across Europe, we are excited to provide even better support to more customers across their business management software needs," Pascal Houillon, Cegid CEO.