Cegid Strengths, Domain Expertise, and Key Differentiators
Cegid is a provider of business management solutions for CPAs, financial and tax managers, as well as for HR, payroll and retail professionals. Cegid provides assistance in the digitalization of companies and public sector bodies. Cegid's vision of a business is both pragmatic and forward-thinking, and the company has mastered new technologies so as to provide useful innovation, not to mention unique expertise in terms of regulatory matters.
Cegid Recent Developments
In June 2021, Private equity firm KKR (KKR.N) has buy a minority stake in French software and computing services company Cegid in a deal that the companies said gives Cegid an enterprise value of 5.5 billion euros ($6.7 billion). Investment firm Silver Lake will remain Cegid's majority shareholder.
Cegid Mergers and acquisitions (M&A) Activities
In April 2021 Cegid acquired a Talentsoft, a cloud-based talent management solutions. The acquisition of Talentsoft will enable Cegid to accelerate the expansion of its human resources capabilities—one of its five priority areas of growth—by offering a more complete range of innovative talent management solutions geared to the needs of small- to large businesses in Europe and all around the world.
In December 2020, Cegid, a business management solution for Accounting, Finance and Tax, Payroll and Human Resources, ERP and Retail, is pleased to announce the acquisition of Koalaboox, headquartered in Liège, Belgium. With this latest acquisition, Cegid gains a firm foothold on the Belgian market and enters the European fintech sector, releasing a range of unique products and a new technology that its partners can use to optimise small businesses' cash position.
In August 2019, Cegid, reinforces its position in the Payroll and Human Resources solutions market with the acquisition of Meta4, a leading Spanish software company specialising in cloud solutions. This important step enables Cegid to become a category leader with a combined 22 million employees managed through its systems. The addition of Meta4 greatly complements Cegid’s product offering and extends its geographical reach to key clients in Spain, Portugal and Latin America
In September 2018, Cegid acquired Loop Software, the web software company designed for accountants and EPTs/SMEs, bolstering its expertise in the accounting sector. Loop Software has developed collaborative cloud-based account management and taxation solution for EPTs/SMEs and the accounting sector with help from KPMG. Loop is already used by 35,000 clients, who will join the 150,000 EPTs already using Cegid's collaborative solution
Cegid Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Cegid applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Cegid and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified PeopleVision, Technomedia Talent Management, YourCegid, Y2 customers.
Ownership: - Silver Lake, KKR
Number of Employees: 3600
Functional Market: Absence and Leave Management, Workforce Analytics, Time and Attendance, Core HR, Payroll, Onboarding, Recruiting, Candidate Relationship Management, Applicant Tracking Systems, Performance Management, Learning and Development, Succession and Leadership Planning, Compensation Management,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K133, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Cegid Key Cloud and HCM Applications
PeopleVision, Technomedia Talent Management, YourCegid, Y2
Cegid HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Cegid Revenue Breakdown by Type:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Cegid HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2021 HCM Revenues, By Sub-Functional Markets, $M
Cegid HCM Applications Revenues By Verticals, $M:
Cegid Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 HCM Applications Revenues, $M|
Cegid Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Cegid Customers - Breakdown by Geo, Size, Vertical and Product
No. of Cegid Customers: 350000
No. of Cegid HCM Applications Customers: 350000
No. of Cegid Cloud HCM Customers: x
No. of Cegid Cloud HCM Subscribers: 4.5 million
10,000 Cegid customers, representing 120,000 customer sites are managed by Cegit's VAR community. Some of Cegit's clients are Longchamp, Shiseido, Lacoste, House of Amber, Regatta Great Outdoors, L'oreal USA, CAA Quebec, Vilebrequin, Leica and many more.
Cegid Market Opportunities, M&A and Geo Expansions
In April 2021, Cegid, the business management solutions company, has entered into exclusive negotiations to acquire Talentsoft, which specialises in Cloud Talent Management solutions. This acquisition is part of Cegid’s objective to strengthen its position in the Payroll and Human Resources Management market. International development also seems to be a priority since Talensoft is present in Europe, North America and Latin America.
In September 2020, Cegid acquired Meta4, a provider of management solutions for accounting expertise, tax, payroll and human resources. The acquisition of Meta4 allows Cegid to complete its current range and open to key accounts in Spain, Portugal and Latin America. Cegid now manages 22 million people by its solutions.
Cegid Risks and Challenges
As Cegid aims to overcome the sluggish growth in Western Europe by expanding into Moscow, Sao Paolo and Dubai, it's riding the coattails of French companies that are eager to grow their international operations. The question is whether Cegid needs to strengthen ties with local partners in order to improve long-term prospects in different countries.
On the other hand, The acquisition of Technomedia by ERP vendor Cegid is expected to help drive HR revenues across the merged company.The question is how the converged product plans will enable shared and net new customers to accelerate their use of the latest Cloud technologies to drive greater business value.
Cegid Ecosystem, Partners, Resellers and SI
Cegid has built an extensive sales network, both direct and indirect, for the distribution of its solutions. It has 40 sales offices in France and more than 400 resellers worldwide.
Cegid Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Cegid Public Cloud and Infrastructure (IaaS)
- Cegid Platform (PaaS)
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- Cegid Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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