The company that provides business management software solutions in the cloud Cegid has announced an agreement to Buy sevdeska company that provides accounting software solutions, electronic invoices and online tax returns for SMEs and microenterprises in the DACH region (Germany, Austria and Switzerland).
Founded in 2013 and headquartered in Offenburg (Germany), sevdesk has more than 130,000 SMEs and microbusinesses as customers of its integrated business management software applications. These are also joined by professional accounting and tax advisory clients. To date, its cloud-native solutions have facilitated the invoicing of more than 85 billion euros in transactions, and they are currently in the phase of supporting their clients in their digital transformation in the face of the imminent mandatory nature of electronic invoices with the reforms that They will occur in 2025.
With this operation, Cegid, which already has a solid position in Iberia and France, continues its international expansion throughout Europe and grows in what is considered the main software sector in the region: business management. As part of the operation, which if everything goes as planned will close during the first quarter of 2025, the co-founders of sevdesk will occupy different positions of responsibility at cegid.
Marco Reinbold will remain CEO of sevdeskin addition to assuming new responsibilities as CEO of Cegid in the DACH region. In addition, he will participate in the development of the strategy for the software segment for SMEs at the European level. As for Fabian Silberer, the other founder of the company, he will also have new functions after the purchase.
Marco Reinbold has assured that for them, joining Cegid «represents an exceptional opportunity for sevdesk and our clients, which will allow us to benefit from the robustness of an established leading platform in useful and innovative cloud management solutions, and unbeatable experience in helping SMEs and micro businesses, in collaboration with professionals of accounting and tax advice in France and Iberia. Complemented by our high-quality cloud products, our high brand recognition and deep knowledge of our local markets, we will have a unique potential to continue building the main platform for the digitalization of SMEs in the DACH region. We are proud to have found in Cegid an ideal partner to develop our next phase of growth and value generation.«.
As for the CEO of Cegid, Pascal Houillonhas highlighted that «Sevdesk provides a next-generation software platform that will allow Cegid to strengthen its capacity to become the leader in business management solutions for SMEs and microenterprises in Europe, with the skills to meet their specific needs. As the region of Germany, Austria and Switzerland continues its rapid digitalization in the face of mandatory electronic invoicing reforms, millions of businesses will need to equip themselves, often for the first time, with an easy-to-use solution that ensures compliance with the regulation. With the acquisition of sevdesk, Cegid is better positioned to serve you on this path and whatever the future may bring.”.
