Cegid has acquired sevdesk, a leading German business management software provider, to enhance its offerings in the DACH region and capitalize on the increasing demand for cloud solutions as businesses prepare for upcoming e-invoicing reforms.

Information on the Target

Founded in 2013 and based in Offenburg, Germany, sevdesk has emerged as a leading provider of integrated business management software solutions tailored for over 130,000 micro and small to medium-sized businesses (SMBs) across Germany, Austria, and Switzerland (DACH region). The company is committed to technology leadership, exceptional usability, data security, and compliance with regulatory standards. Sevdesk's cloud-native solutions have facilitated over €85 billion in invoiced transactions, positioning it as a crucial partner for businesses navigating their digital transformation journeys, particularly in light of the upcoming mandatory e-invoicing reforms set to take effect in 2025.

Industry Overview in Germany

The software industry in Germany is one of the largest in Europe, particularly in the Micro and SMB sectors, which encompass a substantial portion of the economy. With over 5 million micro and small businesses in the region, there is a rapidly growing demand for cloud-based software solutions that can enhance operational efficiency and simplify financial management tasks. The upcoming mandatory e-invoicing reforms will further drive businesses to adopt advanced technology solutions, providing a significant market opportunity for software providers like sevdesk.

Additionally, as digital transformation accelerates across various industries, businesses are increasingly recognizing the need to modernize their processes and leverage technology to remain competitive. This creates a conducive environment for companies offering i