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Talentia Software acquires Swiss company Addedo

Talentia Software, leading provider of HR and Financial Performance enterprise software, accelerates its international development through the acquisition of Swiss company Addedo. This acquisition is an integral part of Talentia Software’s strategy to extend its lead in Corporate Performance Management (CPM) software and become a key European player on this market.

Swiss, Zug-based Addedo is an IT consultancy firm specialising in Corporate Performance Management (CPM) services and applications. Addedo consulting services focus on the implementation of CPM software, covering key functions such as financial consolidation, budgeting, planning, reporting and analytics. Addedo also acts as an independent licensed reseller for market leading CPM software solutions, offering maintenance and support services to its clients. With close to 11 million Euros in sales, about 25 employees and 200 clients –among which many publicly listed corporations-, Addedo has offices in Switzerland, Germany and Canada.

With more than 55 Million Euros in sales (2016), Talentia Software has operations in France, UK, Italy, Spain, Portugal and Greece. Consistent with the company’s acquisition strategy, this external growth opportunity enables Talentia Software to establish a physical presence and expand operations in the countries served by Addedo. This acquisition will also greatly enhance the activity and expertise of its Financial Performance product line.
Addedo is a licensed reseller for IBM Cognos (ESA Partner) and Longview, providing implementation, maintenance and support services to its clients. As part of this acquisition, Addedo will keep operating under its own brand, leveraging its strong partnerships and awareness to expand on its markets. This acquisition will also leverage a natural complementary and help realise strong synergies between Talentia Software, a software provider and Addedo, an IT consulting, deployment and support services firm.
Michael Kempter will remain President of Addedo to lead Talentia Software’s operations in the DACH region (Germany Austria Switzerland) and the starting operations in North America, with the full support of his current management team. He is joining the Executive Board of Talentia Software and he will report directly to Viviane Chaine-Ribeiro.

Author PhotoViviane Chaine-Ribeiro, President of Talentia Software: “This acquisition is a new critical step in our external growth strategy. It will further reinforce our market lead on the fast growing CPM market and accelerate our growth in countries such as Switzerland and Germany. It will also enable us to set foot in North America where Addedo recently opened an office. We are thrilled to join forces with Addedo, who achieved sustained growth over the years to reach a market-leading position today. Talentia Software will greatly benefit from Addedo’s insights and proven Financial Performance expertise, and in turn, we will be able to provide additional value to our clients and staff”.

Author Photo

Michael Kempter, President of Addedo: “We are pleased to join Talentia Software and merge our skills and capability. We share common values, including the commitment to delivering the highest quality of service to our clients. We will benefit from each other’s expertise, expand our current product portfolio and combine forces for the benefits of our client’s Financial Performance”.

North East Autism Society selects Talentia’s HCM software solution

North East Autism Society is a registered charity approaching 35 years’ experience in providing autism specific services. The charity was founded in 1980 by a group of parents whose children were diagnosed with an Autism Spectrum Condition (ASC). They provide a wide range of services for people of all ages who have an ASC condition in the North East of England, including education, training, employment opportunities, social and leisure activities, residential and short break placements.

A 630 employee business, North East Autism Society was looking for a HR software system to manage their core HR administration including absence management, performance appraisal process, recruiting, training, succession planning, salary analysis and talent management.

A highly regulated business, North East Autism Society, pays close attention to the training and development of their staff. Particularly important is the ability of the HCM software system to include fields and screens to reflect the Single Central Register, a legislative report which is required by the Care Quality Commission (CQC) and Ofsted on a regular basis.

Particularly important to them was our experience in HR and the suitability of the HR software solution for not for profit organisations. North East Autism Society were also encouraged by our partnership approach and customer focused strategy.

North East Autism Society’s Head of HR, Michelle McCairns explains “We selected Talentia for one reason. Flexibility. Both of the product and the implementation team. From the start they have offered a unique opportunity to work with them in partnership, rather than the traditional supplier and client relationship. Their customer centric approach really made them stand out from the crowd.“

Talentia Software’s Managing Director, Julie Windsor comments, “We are delighted to be working with North East Autism Society. The opportunity to work with more not for profit organisations and grow and enhance Talentia HCM to better suit the market is great for Talentia. “

About North East Autism Society

North East Autism Society is a registered charity approaching 35 years’ experience of providing autism specific services. They provide a wide – and ever growing – range of services for children, young people and adults who have an Autism Spectrum Condition (ASC). Their services include education for children aged 4-19, post 19 education and social/vocational training along with supported and open employment opportunities for adults. They provide year round residential placements and an ever increasing range of social and leisure opportunities within the North East Community for people of all ages. For more information visit www.ne-as.org.uk.