Cegid, a prominent European cloud business management solutions provider, is poised to solidify its foothold in the invoicing and accounting software market for Micro and SMB segments. The company has announced its intention to acquire EBP, a renowned enterprise software provider with a rich history of serving Micro and SMB businesses in France.
- Strategic Importance of EBP Acquisition
- Cegid strengthens its European leadership in the fast-growing invoicing and accounting software market.
- The move comes ahead of the mandatory e-invoicing implementation.
- EBP’s Market Position and Expertise
- EBP has served over 275,000 companies in France for nearly 40 years.
- Known for its user-centered approach, distinctive know-how, and expertise in working with Micro and SMB businesses.
- Enhanced Offering and Market Reach
- Cegid will expand its product range to cater to the unique needs of Micro and SMB businesses in France.
- The acquisition amplifies Cegid’s European presence, complementing its existing operations in Iberia and Belgium.
- Pascal Houillon, CEO of Cegid, on the Acquisition
- Combining EBP and Cegid will create a leader with annual revenue close to one billion euros, serving approximately 750,000 customers.
- The merger leverages strengths in innovation, AI, co-creation, and entrepreneurship to meet the needs of small businesses and chartered accountants.
- Silver Lake’s Perspective on Cegid’s Growth
- Silver Lake, the majority shareholder of Cegid, sees significant growth potential in Europe’s small business software market.
- The acquisition aligns with Cegid’s strategy in the Micro and SMB markets, promising sustainable growth over the next decade.
- Leadership and Team Integration
- Founder René Sentis, Deputy CEO Grégoire Leclercq, and EBP’s management team, along with 650 employees, will join Cegid.
- The combined expertise and commitment of both teams are expected to drive the company’s growth and innovation.
- René Sentis, Founder & CEO of EBP, on the Merger
- The combination with Cegid is timely, given the impending e-invoicing regulation and digital transformation needs.
- Synergies between the two companies are evident in product portfolios, CPA footprints, and financing solutions.
- The partnership will accelerate the development of EBP’s Hubbix platform, enhancing client services and conquering new markets.
Cegid’s potential acquisition of EBP signifies a strategic move to consolidate its leadership in the Micro and SMB invoicing and accounting software market. With EBP’s established market presence, expertise, and customer base in France, coupled with Cegid’s innovative approach and European footprint, the combined entity is poised for significant growth. The alignment of visions, commitment to innovation, and shared focus on customer-centric solutions promise a bright future for the newly formed Cegid-EBP alliance.
