Cegid announces its intention to acquire Exalog, a specialized editor of treasury management software in SaaS mode

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.