Bryan, Garnier & Co advises Lefebvre Software on its fifth transaction.
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Paris, February 25th, 2013 – Bryan, Garnier & Co continues to support Lefebvre Software in its build-up strategy through the acquisition of Cezanne Software, a European solution provider of human resources management.
This acquisition strengthens the functional coverage of Lefebvre Software management solution Talentia in the field of human resources management and reinforces the company’s presence in the United Kingdom, Spain and Italy. Lefebvre Software has over 350 employees in Europe and 200 000 users worldwide.
The acquisition of Cezanne Software is a new step of the build-up strategy led by Viviane Chaine-Ribeiro. “Since 2007, we have been pursuing our external growth strategy with the support of Bryan Garnier & Co, strengthening our leadership in France, increasing our presence in the European market, and expanding the functional scope of our solution. We therefore intend to continue this strategy for years to come progressing towards our €100M turnover target”, stated Viviane Chaine-Ribeiro.
With the support of Bryan, Garnier & Co along with five acquisitions, the group has almost quadrupled its revenues over the past five years, expecting 2013 revenues above €60m. Greg Revenu, Managing Partner at Bryan, Garnier & Co, said: “the support we have provided over the years to the management team and the company to complete its management buy-out and to roll out its acquisition strategy is a good illustration of Bryan, Garnier & Co’s commitment to the long term growth of its clients”.
According to Viviane Chaine-Ribeiro, “Cezanne acquisition is a perfect fit from both technological and geographical standpoints, with a similar client base profile. It provides the group with complementary solutions and expertise in the field of human resources management, which will be fully integrated to the Talentia suite in order to better serve our clients in Europe.”
“Lefebvre Software’s strong position in France will contribute to increasing the market share of this new HR component that Cezanne software brings to the Talentia suite,” says Alexander Boukhari, Director at Bryan, Garnier & Co. With 700 customers in 200 countries, Cezanne Software is headquartered in the United Kingdom, with operations in Italy, Spain Portugal and Greece and through its partners is active on other markets including the United States and Latin America.
Following the acquisition of Prisme in May 2012, Cezanne Software is the second acquisition of Lefebvre Software since its LMBO backed by CIC LBO Partners and Women Equity Partners in October 2011.
For more information, please contact:
Anna Emelianenko / +33 1 56 68 75 67 / aemelianenko@bryangarnier.com
About Lefebvre Sofware
Lefebvre Software, developer and integrator of business management software for finance, CPM and payroll aimed at SMEs and mid-cap companies, is an independent French group with European ambitions. Partners, a management team and more than 300 employees are united around a single corporate objective: to assist in the development of 3000 customers, to confirm its position as a major European player and to pursue its external and organic growth strategy to reach a target of €100 million by 2015.
About Cezanne Software
Cezanne Software develops and supports software solutions that enable organizations to understand better, plan and manage their key asset – their people. The company’s focus is to provide flexible, people-centred solutions that improve the day-to-day execution of HCM strategies, drive the HR processes critical for the organization’s success and help companies to develop and maintain a competitive talent advantage. By empowering the organization to better focus the considerable value of its people towards its goals, Cezanne ensures significantly improved corporate performance and results. Cezanne Software has more than 700 company clients in Europe, the US, Latin America, Asia Pacific and West Africa. We offer the state-of-the-art in house, hosted and Software as a Service (SaaS) HCM and HR software systems that are designed to support both local and international deployment, including solutions for talent & succession management, employee performance management, employee survey, people management, training & development, recruitment and compensation planning and management.