Cegid Strengths, Domain Expertise, and Key Differentiators
Cegid stands at the forefront as a provider of comprehensive business management solutions tailored for CPAs, financial and tax managers, and professionals in HR, payroll, and retail sectors. With a focus on digital transformation, Cegid aids companies and public sector entities in embracing the digital age. Cegid's approach to business is pragmatic yet visionary, leveraging cutting-edge technologies to offer practical innovations. Additionally, the company boasts unparalleled expertise in regulatory affairs, setting it apart in the industry.
Cegid Recent Developments
In a strategic move in June 2021, private equity firm KKR acquired a minority stake in the prominent French software and computing services company, Cegid, for a significant deal valued at 5.5 billion euros ($6.7 billion). This transaction bolstered Cegid's position in the market, ensuring its growth and expansion, while investment firm Silver Lake continued to retain the majority shareholding. The partnership between these financial giants marked a pivotal moment in Cegid's trajectory, setting the stage for innovative developments and increased market presence in the ever-evolving technology landscape.
Cegid Mergers and acquisitions (M&A) Activities
Cegid's strategic acumen is evident in its series of acquisitions, each contributing significantly to its market presence and technological prowess:
Grupo Primavera: In September 2022, Cegid's acquisition of Grupo Primavera solidified its position as a market leader in the Iberian Peninsula, marking a strategic move towards international expansion.
Notilus: July 2022 saw Cegid's acquisition of Notilus, a cloud-based software vendor. This move expanded Cegid's market reach, incorporating leading solutions in Travel and expense management, and enhancing its product portfolio significantly.
StorIQ: Cegid's acquisition of StorIQ in June 2022 strengthened its retail portfolio, reaffirming its leadership in POS solutions globally, with a particular focus on the dynamic retail sector.
Talentsoft: April 2021 witnessed Cegid's venture into cloud-based talent management solutions through the acquisition of Talentsoft. This strategic move empowered Cegid to offer comprehensive talent management solutions to businesses of all sizes, further diversifying its offerings.
Koalaboox: December 2020 marked Cegid's entry into the European fintech sector with the acquisition of Koalaboox, enhancing cash optimization solutions for small businesses and strengthening its foothold in the Belgian market.
Meta4: In August 2019, Cegid bolstered its Payroll and Human Resources solutions by acquiring Meta4, a leading Spanish cloud solutions provider. This strategic integration expanded Cegid's client base significantly, establishing it as a category leader.
Loop Software: Cegid's acquisition of Loop Software in September 2018 enhanced its expertise in the accounting sector. This strategic move enabled Cegid to offer collaborative cloud-based solutions, catering to the unique needs of accountants and EPTs/SMEs.
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, Talentsoft customers.
Cegid Overview
Ownership: - Silver Lake, KKR
Number of Employees: 4400
Functional Market: Absence and Leave Management, Workforce Analytics, Time and Attendance, Core HR, Payroll, Sourcing, Onboarding, Recruiting, Candidate Relationship Management, Applicant Tracking Systems, Performance Management, Learning and Development, Succession Planning, Compensation,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, 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, Talentsoft
Cegid HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| 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:
Cegid HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
Cegid HCM Applications Revenues By Verticals, $M:
Cegid Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Cegid Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Cegid Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Cegid Customers
No. of Cegid Customers: 500000
No. of Cegid HCM Applications Customers: x
No. of Cegid Cloud HCM Customers: x
No. of Cegid Cloud HCM Subscribers: 4.5 million
At present, Cegid serves an extensive customer base of 500,000 clients and operates with a dedicated workforce of 4,400 employees, delivering its solutions across 130 countries. Notable clients include esteemed organizations such as PVH Group, L'Oreal, Gant, Lacoste, Benetton Group, Boardriders, L’Occitane, MINISO, Oberalp, Cole Buxton, Umano Medical, Aquazzura, and many others.
In the fiscal year 2022, Cegid achieved a remarkable turnover of $871 million. Looking ahead, Cegid has set an ambitious target, aiming to reach $1.4 billion in revenue by the year 2026.
Cegid Market Opportunities, M&A and Geo Expansions
In April 2021, Cegid acquired Talentsoft, a specialist in Cloud Talent Management solutions. This strategic move aligns with Cegid's objective of fortifying its foothold in the Payroll and Human Resources Management sector. Additionally, Cegid's focus on international expansion is evident, given Talentsoft's strong presence in Europe, North America, and Latin America.
In September 2020, Cegid made a significant acquisition by adding Meta4, a provider of management solutions encompassing accounting expertise, tax, payroll, and human resources, to its portfolio. This strategic integration not only complements Cegid's existing range but also extends its reach to key clients in Spain, Portugal, and Latin America. Following this acquisition, Cegid now oversees the management of 22 million individuals through its innovative solutions.
Furthermore, in October 2020, Cegid introduced a revamped version of Cegid Talent, its Cloud-based talent management solution. Named Cegid Talent Plug & Play, this new edition comes preconfigured for swift and hassle-free deployment within customer organizations. It empowers businesses to optimize their recruitment, training, and employee performance management processes efficiently and in record time.
Cegid Risks and Challenges
Cegid is venturing into Moscow, Sao Paulo, and Dubai to counter sluggish growth in Western Europe, aligning with other ambitious French companies expanding globally. The key consideration is whether Cegid should forge stronger relationships with local partners to enhance its long-term prospects in diverse countries.
Additionally, Cegid's acquisition of Technomedia, an ERP vendor, is poised to boost HR revenues within the merged entity. The challenge lies in devising integrated product strategies that empower existing and new customers to leverage cutting-edge Cloud technologies effectively, thereby enhancing their business value.
Cegid Ecosystem, Partners, Resellers and SI
Cegid has established a comprehensive sales infrastructure that includes both direct and indirect channels to distribute its solutions. The company operates 40 sales offices within France and collaborates with over 400 resellers globally.
Cegid Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Cegid Public Cloud and Infrastructure (IaaS)
- Cegid Platform (PaaS)
- Cegid Application Delivery
- Cegid Private Cloud and Data Centers
Research Methodology
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).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
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