|[February 19, 2013]
Sopra Group Announces Its Intention to Acquire HR Access and Strengthen Its Position in the Human Resources Management Segment
PARIS --(Business Wire)--
Sopra Group (Paris:SOP) announces its intention to acquire 100 % of
the capital of the company HR Access thereby significantly strengthening
its position in the development of software solutions for the human
resources management industry. This transaction is expected to close by
the end of March 2013, subject to customary closing conditions,
including prior consultations of works councils.
Sopra Group continues to roll out its 2015 strategy with the proposed
acquisition of HR Access, a move designed to solidify the Group's
positioning in the human resources management segment as well as serve
its ambitious target of generating 30% of revenue in software. For HR
Access, the transaction would ensure continued product development and
the opportunity to contribute to the Group's global strategy. For the
human resources market, Sopra Group would propose a complete global HR
solution, well-adapted to the market context and enterprises of all
The HR Access software solution addresses all industry sectors of both
public and private companies and has developed a loyal client base, most
noably among numerous companies comprising the CAC 40. The transaction
would round out the Sopra Group software solution, distributed under the
brand name Pleiades, which has a significant client base in
France and enjoys a widespread presence in local government. Both
companies' solutions include functionalities to manage employee talent,
time and activities and payroll. Their respective offerings are sold in
both traditional license and outsourcing modes. HR Access and Sopra
Group share several strengths: quality products, a proven capacity in
R&D and a deep understanding of the human resources sector.
Sopra Group will ensure the ongoing development of both product lines.
Clients can rest assured that the investment decisions they've made,
either in HR Access or Pleiades, will not be compromised.
On a pro forma basis, the total revenue generated by Sopra Group in HR
solutions in 2013 would be around €100m.
The contemplated transaction has been approved by Sopra Group's Board of
Directors. The transaction is subject to customary closing conditions,
including prior consultations of works councils, and is expected to
close by the end of March 2013.
About HR Access
HR Access offers comprehensive end-to-end integrated Global Services HR
solutions that are designed to meet the needs of a wide range of
companies across all industry sectors. Companies can utilize these
solutions for talent management, payroll services, time & attendance,
and workforce management.
HR Access was founded in 1972 and is a wholly-owned subsidiary of FMR,
LLC. With almost 40 years of industry experience, HR Access has more
than 625 customers in more than 54 countries and processes more than 100
million pay checks annually for millions of employees. HR Access employs
about 900 people primarily in France, Spain, and Tunisia.
About Sopra Group's HR Solutions
Present in the HR management segment in France, the Pleiades
division of Sopra Group employs 250 people, offers companies real
solutions for managing their HR needs, from time management to training
and provides payroll solutions for over 2 million employees per month.
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