Silver Lake merges Cegid and Silae in 10 billion euro bet on AI-era software
French firms Cegid, which sells business management software, and Silae, a payroll and HR platform, are set to combine.
TL;DR
- Silver Lake is merging its French software companies, Cegid and Silae.
- The combined entity will integrate payroll, accounting, e-invoicing, digital finance, and payments data.
- A 1,400-person developer team will focus on AI investment.
- The deal has an enterprise value exceeding 10 billion euros.
- The merger aims to address AI disruption in the software sector.
- Silver Lake will remain the majority shareholder.
- The transaction is expected to be completed in the first half of 2027.
- The combined companies anticipate annual revenues of 1.6 billion euros.
- Christian Lucas of Silver Lake will chair the new business.