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Sopra Group SA Announces Intention to Acquire HR Access

Tuesday, 19 Feb 2013 11:55am EST 

Sopra Group SA announced 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 sizes. Terms of the transaction were not disclosed 

Company Quote

1.79 +2.77%
11:35am EDT