Cegid has acquired Microdata to enhance its cloud-based business management solutions, leveraging Microdata's local presence and expertise in software for SMEs and accounting firms in Andalusia.
Information on the Target
Founded over 30 years ago, Microdata specializes in developing software solutions designed to optimize management for small and medium-sized enterprises (SMEs) and accounting firms. With a client base exceeding 2,000 and achieving a revenue of €2.7 million in 2023, Microdata is recognized as a vital player in the Andalusian market, particularly from its headquarters in Almeria. The company employs a dedicated team of 40 professionals and operates mainly through a direct business model, providing modular and scalable software solutions focusing on Tax, Labor, and Management.
Industry Overview in Andalusia
The software industry in Andalusia has experienced significant growth in recent years, driven by a burgeoning demand for digital transformation among businesses. SMEs, in particular, are increasingly recognizing the importance of software solutions to streamline operations, enhance productivity, and improve compliance with regulatory standards.
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With a strong push from the regional government towards digitization, numerous initiatives have been launched to support local tech startups and encourage innov
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Cegid
invested in
Microdata
in 2023
in a Other deal
Disclosed details
Revenue: $3M