Cegid, a specialist in management solutions in the areas of accounting, tax, payroll and human resources, ERP and retail, has strengthened its position in the payroll and human resources solutions market with the acquisition of Meta4, the leading Spanish cloud solutions publisher. The deal closed October 2nd.
This important step enables Cegid to become a leader in the sector with a total of 22 million people using its products. The acquisition of Meta4 allows Cegid to complete its current range and open up key accounts in Spain, Portugal and LatAm.
The combination with Meta4 enables Cegid to provide companies of all sizes on the French market with a complete range of payroll and human resources software and opens up to new international expansion opportunities. As Pascal Houillon, CEO of Cegid said:
“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.”
Gómez-Pinzón acted as counsel to the seller, with a team led by partner Patricia Arrázola, assisted by junior associate Elisa Echavarria.
Allen & Overy served as legal counsel to the buyer, with a team led by Neyal Fandi and Ralph Salameh.