Cegid, a portfolio company of Silver Lake, has acquired ACA
Cegid, a specialist in management solutions for professionals in the fields of accounting, taxation, payroll and human resources, enterprise resource planning and retail, has announced its intention to acquire ACA, a French company founded in 1989 and headquartered in Paris, France.
ACA is an innovative provider of software-as-a-service (SaaS) solutions for corporate cash management and the management of accounting and financial flows. ACA also provides a dedicated software solution for the insurance industry. ACA is a recognized solution by finance departments and has already won over 350 prestigious multi-sector clients.
With the acquisition of ACA, Cegid completes its solutions of cash management for the financial departments of mid- and large-sized companies. Cegid thus confirms its expansion in the field of financial flows.
Jean-Baptiste Auzou, General Manager of ACA, stated, “ACA has always anticipated the market and the needs of its customers, to whom we provide a complete response. We combine the functional scalability requirements of our customers, while guaranteeing stability and robustness of our solutions. We are delighted to join Cegid soon to develop synergies and benefit from its unparalleled know-how.”
Pascal Houillon, Chief Executive Officer of Cegid, commented, “ACA not only has particularly innovative cloud solutions, but it also has a team of experts unanimously recognized by their clients. We look forward to onboarding this team of experienced professionals and ACA’s portfolio of solutions that will quickly be marketed to Cegid customers as a natural complement to their current solution.”
Matthieu Rosset, Managing Director at Lincoln, commented, “Congratulations to both Cegid and ACA on this transaction. ACA is a great fit for Cegid’s portfolio of solutions. We are thrilled to have helped Cegid realize this acquisition which bears very promising fruits for the future.”
Lincoln acted as exclusive buy-side adviser to Cegid.
Lincoln’s team has been instrumental in the success of this transaction thanks to their deep industry expertise as well as their superior buy-side advisory.
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