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Intium Advises PHC Software in Sale to Cegid with Sell-Side Technical Due Diligence

Writer's picture: Agu AarnaAgu Aarna
Intium Advises PHC Software in Sale to Cegid with Sell-Side Technical Due Diligence

Intium, in collaboration with Clearwater International Corporate Finance, successfully advised the shareholders of PHC Software, a European frontrunner in cloud business management solutions across finance (Accounting, Tax, ERP), human resources (payroll, talent management), CPAs, retail, and entrepreneurial sectors, on its acquisition by Cegid.

 

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Intium Provided Sell-Side Technical Due Diligence Services to PHC

Intium worked closely with the PHC Software Board, Executive Team, and key stakeholders on the sell-side technical due diligence to identify and outline the Value of Technology, and help define the company’s Technical Strategic Positioning.

Additionally, Intium worked closely with Clearwater to compile a comprehensive outline of PHC’s business overview with deep and meaningful ties to the company’s technology core securing adequate representation in front of investors.

We are very grateful for Intium's support along the way. Your contribution was valuable in helping us navigate the intricacies of the sell-side process, and we deeply appreciate Intium's involvement.

- Ricardo Parreira, CEO, PHC Software

Intium’s approach gave us a clear path forward, highlighting not just where the company is but where it needs to be, which provided additional value beyond traditional vendor due diligence.

- Afonso Lima, Director, Clearwater

Intium is honored to have been part of this significant milestone in PHC Software’s journey. Our collaboration with PHC's dedicated team and Clearwater International has been truly rewarding. We are confident that this integration with Cegid will propel PHC Software to new heights and drive continued innovation and growth in the business software solutions market.

- Agu Arrna, Partner, Intium

About PHC Software

Established in 1989, PHC Software has distinguished itself in the Portuguese market with top-tier, reliable business software solutions. As a significant player in the Portuguese SME market, PHC offers a comprehensive range of management solutions, tailored to medium-sized companies across various industries.

PHC Software Overview

  • Founded: 1989

  • Headquarters: Lisbon, with offices in Porto, Madrid, Maputo, and Luanda

  • Employees: Over 260

  • Revenue: €17.6 million in 2023

  • Clients: 170,000 users in approximately 37,000 companies

  • Distribution Network: 315+ certified partners

Strategic Integration with Cegid

This strategic acquisition will provide PHC with the resources to enhance its solutions and accelerate growth. Additionally, it will bolster Cegid's presence in the rapidly expanding SMB cloud business management software market across Europe. This acquisition complements Cegid's recent expansions, including the acquisition of EBP in France, Microdata in Spain, and an exclusive agreement with sevdesk in Germany.

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