Cegid announces its intention to acquire Exalog, a specialized editor of treasury management software in SaaS mode
Cegid thereby strengthens its offering in treasury, ERP and tax, providing a complete financial suite to meet the needs of Finance departments, from SMEs to key accounts
Paris, January 30th, 2024 – Cegid, a European leader in cloud-based management solutions for professionals in finance (ERP, treasury, tax), human resources (payroll, talent management), accounting, retail and entrepreneurship, announces its intention to acquire Exalog, a particularly innovative editor of payment and treasury management software (Treasury Management System – TMS) for SMEs and key accounts.
Founded in 1984, Exalog has been a constant innovator ever since, rapidly establishing itself as a key player in treasury management solutions for CFOs of SMEs and key accounts, offering them tools tailored to their needs in terms of bank transactions, treasury management and banking communication.
Exalog’s offering is designed to simplify and automate the financial day-to-day of companies, and meets the challenges of the most demanding financial management. Exalog offers a unified SaaS platform which integrates three major solutions: Allmybanks (international payments and group treasury for key accounts), Exabanque (multi-bank flows and treasury in the SEPA zone for SMEs) and Mesbanques, a multi-banking solution marketed by a network of distributors in France and Europe. Data security is a top priority for Exalog, whose solutions comply fully with the most stringent regulatory requirements, such as the European SEPA (Single Euro Payments Area) standard and the various international banking security standards, in particular SWIFTnet.
This rigor in compliance and security is one of the pillars of Exalog, which positions itself as a partner of choice for companies wishing to manage their finances efficiently, securely and in line with current standards. Exalog has 12,000 client companies and handles 500 million bank transactions a year.
Perfectly complementing Cegid’s range of treasury management solutions, this new strategic acquisition will enable Cegid to position itself as number 2 on the French market.
“Joining Cegid is an exceptional opportunity for Exalog to benefit from the power and visibility of a leader in cloud-based management solutions for financial departments. We are convinced that our combined expertise will enable us to offer our clients ever more useful and innovative solutions”says Guillaume Lafarge, Chairman of Exalog.
On closing of the transaction, Exalog’s 90 employees will join Cegid and its Finance Business Unit, under the management of Jean-Baptiste Auzou.
“We are delighted to welcome Exalog to Cegid. This acquisition fits perfectly with our strategy of development and innovation. We are consolidating our value proposition to CFOs: more than ever, our aim is to give them the visibility, competitiveness, and security they need to optimize the performance of their organizations and prepare for the future,”says Jean-Baptiste Auzou, Director of Cegid’s Finance Business Unit.
Cegid is a leading provider of cloud business management solutions for finance (treasury, tax, ERP), human resources (payroll, talent management), CPAs and the retail and entrepreneurial sectors. With a robust, full-cloud business model, Cegid makes a long-term commitment to its customers, delivers superior and distinctive experiences, and helps companies of all sizes accelerate their digital business transformation, both locally and worldwide. Cegid combines a forward-looking, pragmatic approach to the businesses with its strong capacity for innovation, deep expertise in new technologies and a unique understanding of regulations and compliance. In today’s fast-changing world, Cegid makes more possible by helping customers unleash their potential thanks to innovative and purposeful business solutions.
Bolstered by its strong international ambition and reach, Cegid has 4,400 employees and sells its solutions in 130 countries. Cegid reported annual revenues of €791 million (December 31, 2022). Pascal Houillon has been the CEO since March 2017.