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VISEO announces the acquisition of Synvance to become a leader in the digitization of financial departments

From left to right : Eric Perrier, CEO of VISEO; Adrien Saulnier, MD of Synvance; Pierre-Pascal Coulon, Founder of Synvance

With this merger, VISEO positions itself as a leader in digital transformation dedicated to serve its customers, while enhancing and strengthening its service offerings in operational and financial domains.

Boulogne-Billancourt, june 22, 2023 – VISEO, a global technology company specializing in digital transformation services, acquires Synvance, a management and technology consulting firm. This strategic acquisition now positions VISEO as one of the leaders in the digitization of Financial and Operational Departments, and makes it the third-largest SAP integrator in France. The new entity will consist of 3,000 employees across 5 continents, with a global turnover of 350 million euros.

With this alliance, VISEO continues its growth by expanding its reach to new software partners and enhancing its expertise to address the business, technological, and regulatory challenges faced by financial directors, such as financial and extra-financial (ESG) performance management, invoice digitalization (e-invoicing, e-reporting), statutory consolidation and standards, and Disclosure Management (XBRL). VISEO also strengthens its management consulting expertise to support clients in managing their strategic, organizational, and business challenges, including scoping studies, project management, business analysis, business change management, and process redesign. This offering will be delivered under the Synvance brand, a well-known firm in the French market.

Furthermore, this acquisition enables VISEO to enhance its presence in France, particularly in the “Grand Ouest” region where Synvance has developed its services as well as accelerate its international footprint.

Eric Perrier, CEO of VISEO, states: "I am delighted to welcome Synvance and its teams to our Group. We share the same entrepreneurial values, a similar corporate culture, and a learning organization model that fosters the personal development of each employee. This merger offers our teams the opportunity to take on even more exciting projects and obtain enriched career opportunities. It strengthens our position and complements our offering to help our clients meet the challenges of increasingly demanding digital transformation projects in the Cloud and Artificial Intelligence era."

Pascal-Pierre Coulon, Président of Synvance, adds, "This operation is above all the result of an exciting collective entrepreneurial project that allowed us to create a major player in financial and digital transformation in just a few years. Today, we wish to embark on this new chapter with VISEO to consolidate our expertise and open up new development prospects for our employees and clients. Synvance will continue to exist within the Group, focusing on Management Consulting and Business Analysis activities, which I will continue to oversee."

SOURCE: VISEO 

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