Cylande has been acquired by Cegid
The founder, management team and two French PE funds have sold Cylande, a leading provider of software solutions, to Cegid. This acquisition underpins Cegid's ambitious growth plans as it looks to accelerate its development in the rapidly evolving retail sector. Financial details have not been disclosed.
Founded more than 30 years ago, Cylande is a leading provider of retail software solutions. The group helps retailers and specialty brands in France and abroad to develop their business. The united retail portfolio offers a wide range of omni-channel solutions that handle all distribution channels, all store sizes and all types of distribution networks. Cylande has a proven value proposition and the company works with more than 180 world-renowned brands reflecting its successful strategy and high quality solutions.
A leader in the digital transformation, Cegid offers management systems and cloud services to help customers improve their performance. The group offers a wide range of solutions for financial management, tax, and human resources as well as business applications aimed at the retail, manufacturing, wholesale, and services sectors, the accountancy profession, and public sector organizations. Driven by an ambitious innovation policy, Cegid solutions integrate cloud services, mobile technology, data analysis, digitization and collaborative business platforms. Cegid is an international group with 120,000 customers in 75 countries, 2,200 employees and revenues of US$315 million in 2016.
Oaklins' team in France advised the sellers in this transaction.
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