Notilus Acquisition: Key Details, Impact, and What Comes Next

CEGID's acquisition of Notilus marks a significant move in the travel and expense management sector. Announced on July 4, 2022, this strategic acquisition allows CEGID to expand its market reach and enhance its cloud business management solutions. By integrating Notilus's expertise, CEGID aims to offer more comprehensive services, benefiting both private and public sector clients.

What Is Notilus?

Founded in 1999, Notilus specializes in managing travel, expense reports, and vehicle fleets for businesses. Its core services include digitizing expense reports, planning and booking business travel, and optimizing fleet management. Unique selling points include a fully digital expense report process, comprehensive travel management, and ISO 27001 certification. Notilus also offers customizable dashboards for analyzing travel costs and integrates seamlessly with various IT systems, ensuring compliance with GDPR and other standards.

Who Acquired Notilus?

Cegid is a prominent player in the digital transformation of businesses, offering a range of cloud services and management software solutions. Key products include ERP and financial management, human resources tools, and retail and fashion solutions. The company is recognized as a leader in the cloud management software sector, serving over 750,000 clients. Cegid ranks 4th among French software publishers and 2nd in the Truffle 100 2023 ranking, underscoring its significant market influence.

When Was Notilus Acquired?

CEGID acquired Notilus on July 4, 2022. This acquisition aligns with the growing trend of digital transformation in business management, particularly in travel and expense management solutions. By integrating Notilus, CEGID aims to enhance its cloud-based offerings, catering to the increasing demand for streamlined and efficient travel management systems. This move also reflects the broader industry shift towards comprehensive digital solutions that improve operational efficiency and compliance.

Why Was Notilus Acquired?

• Market Expansion: By acquiring Notilus, CEGID aims to benefit from the new and high-potential segment of Travel & Expense management software, thereby expanding its already broad offer of solutions. This strategic move allows CEGID to increase its addressable market and offer a more comprehensive suite of solutions to its customers.
• Technology Integration: Notilus is a software editor specializing in Travel & Expense management solutions, with a significant portion of its revenue generated through SaaS subscriptions. The integration of Notilus's SaaS-based technology into CEGID's portfolio will enhance CEGID's product offerings, particularly in the area of travel and expense management.
• Competitive Advantage: The acquisition of Notilus, a company among the Top 3 market leaders in the Travel & Expense management solutions market, provides CEGID with a competitive advantage by enhancing its market position. This move allows CEGID to offer a more diverse and robust set of tools to its clients, potentially attracting new customers and retaining existing ones by meeting a broader range of business needs.

Acquisition Terms

• Acquisition Price: The acquisition price was not publicly disclosed.
• Payment Method: The payment method was not specified.
• Key Conditions or Agreements:
  • 138 Notilus employees will join CEGID.
  • The acquisition status is "Complete" and the disposition of the acquired organization is "Combined."

Impact on Notilus

The acquisition of Notilus by CEGID has led to significant changes in its operations and management. Notilus, previously part of the Dimo Software group, has now been integrated into CEGID's broader operations. This transition includes the absorption of 138 Notilus employees into CEGID, ensuring continuity and leveraging their expertise. The management structure has also evolved, aligning with CEGID's strategic goals and operational frameworks. This integration aims to streamline processes and enhance the overall efficiency of both entities.

In terms of product offerings, the acquisition has expanded CEGID's suite of solutions to include Notilus's specialized travel and expense management software. This includes products like Notilus T&E, Notilus InOne, and Notilus YourWay, which cater to both private and public sectors. The response from employees has been generally positive, with many appreciating the new growth opportunities within a larger organization. Customers have also reacted favorably, anticipating enhanced service offerings and improved technological integration. For founders considering business transitions, tools like Sunset can assist in managing such processes compliantly and efficiently.