Solucom and Audisoft Oxea finalise their merger – Strengthening of Solucom’s positions in the banking sector

  • October 29, 2014Regulated information

Solucom and Audisoft Oxea have finalised the merger announced on 23rd October 2014.

As per the terms and conditions of the agreement, Solucom acquired a 100% stake in Audisoft Oxea, entirely financed in cash.

Audisoft Oxea will be consolidated in Solucom's financial statements as of 1st November 2014.

Strong complementarity between the two parties in line with the Solucom 2015 plan

Audisoft Oxea is a management consulting firm that provides major players in the financial sector with support solutions designed to address the challenges they face in terms of performance, regulation, compliance, internal controls and risk management. The firm's current client portfolio includes financial institutions such as BPCE, Banque de France, Caisse des Dépôts, BNP Paribas and Société Générale.

With a staff of around thirty employees, Audisoft Oxea generated full-year revenues of €4.5 m and posted a slight loss in 2013.

This merger project is perfectly in keeping with the strategy set forth in Solucom's 2015 strategic plan to step up the company's deployment in the banking sector, its priority growth market.

Click here to read the press release published on 23rd October 2014: Solucom in merger talks with Audisoft Oxea, a management consulting firm specialised in the banking sector

Next announcement: 25 November 2014 (after market close), H1 2014/15 results.

About Solucom

Solucom is a management and IT consulting firm.

Solucom's customers are among the top 200 large companies and public bodies. For them, Solucom is capable of mobilizing and combining the skills of 1,300 staff members.

Our mission statement? To place innovation at the heart of business lines, target and steer transformations that are sources of added value, and turn the information system into an actual asset designed to serve corporate strategies.

Solucom is listed on Euronext Paris and Solucom shares are eligible for the 'PEA-PME' scheme.

The consulting firm has been granted the innovative company award from BPIFrance.

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