Cegid has announced its acquisition of the Spanish Payroll and HR cloud software firm Meta4, Enterprise Times reports on the deal and its impact.
The terms of the deal have not yet been disclosed and it remains subject to appropriate approvals but once approved the combined company will be one of the largest payroll providers, managing around 22 million employees through its systems. The acquisition extends the reach of Cegid in Spanish, Portuguese and Latin American countries.
Meta4 manages 18 million people across 100 countries globally with 1,300 clients so the geographical expansion is not limited to those countries. Although 40 per cent of its revenues come from Iberia, a further 35 per cent are from across Europe and 25 per cent from Latin America. This deal makes Cegid a major player across Europe and into Latin America. Additionally, the company will gain its first offices in Latin America: Argentina, Chile, Colombia, Mexico and Peru.
The change is important if Cegid is to succeed in their ambition to reach French multinational companies seeking a solution to service subsidiaries outside France. Enterprise Times question whether this a reaction to the growth of Workday in France and the challenge of it being a multinational provider of HR software.
Pascal Houillon - CEO of Cegid - responded, “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.”
Complete acquisition
Meta4 will be subsumed within the Cegid Payroll and Human Resources Business Unit led by Philippe Clerc. When the business units combine there will reportedly be a significant overlap between the two technologies, which could prove challenging. Clerc will need to define a combined road map for the products.
Carlos Pardo - Head of Iberia and Latin America, Meta4 - said, “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.”
Existing customers of both companies will want to understand the benefits of the merger on their systems and ensure that there is a strong roadmap for each.
Cegid has announced its acquisition of the Spanish Payroll and HR cloud software firm Meta4, Enterprise Times reports on the deal and its impact.
The terms of the deal have not yet been disclosed and it remains subject to appropriate approvals but once approved the combined company will be one of the largest payroll providers, managing around 22 million employees through its systems. The acquisition extends the reach of Cegid in Spanish, Portuguese and Latin American countries.
Meta4 manages 18 million people across 100 countries globally with 1,300 clients so the geographical expansion is not limited to those countries. Although 40 per cent of its revenues come from Iberia, a further 35 per cent are from across Europe and 25 per cent from Latin America. This deal makes Cegid a major player across Europe and into Latin America. Additionally, the company will gain its first offices in Latin America: Argentina, Chile, Colombia, Mexico and Peru.
The change is important if Cegid is to succeed in their ambition to reach French multinational companies seeking a solution to service subsidiaries outside France. Enterprise Times question whether this a reaction to the growth of Workday in France and the challenge of it being a multinational provider of HR software.
Pascal Houillon - CEO of Cegid - responded, “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.”
Complete acquisition
Meta4 will be subsumed within the Cegid Payroll and Human Resources Business Unit led by Philippe Clerc. When the business units combine there will reportedly be a significant overlap between the two technologies, which could prove challenging. Clerc will need to define a combined road map for the products.
Carlos Pardo - Head of Iberia and Latin America, Meta4 - said, “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.”
Existing customers of both companies will want to understand the benefits of the merger on their systems and ensure that there is a strong roadmap for each.
