The technology services and solutions consultancy Seidor has acquired a majority stake in the French company Work Well, a firm specializing in IT solutions for small and medium-sized enterprises and, for 20 years, an SAP Business One partner.
With a turnover of 3.3 million euros and a workforce of 23 employees, Work Well will be a new gateway for Seidor into Europe and, specifically, into the French market. Initially, the focus of the solutions will be on offering a comprehensive proposal for SMEs in France, but in the medium term it will also incorporate the full portfolio for large companies.
"The incorporation of recognized players in the SAP ecosystem like Work Well allows us to boost our growth in Europe," said Carlos Iribarren, director of Seidor One, the business unit specializing in comprehensive solutions for SME management.
The firm will operate under the name Seidor Work Well and will retain the current management team, led by Sylvain Fauriel, until now president of Work Well. With the joint work of both companies specializing in the implementation of SAP business software, the new company expects to grow annually by 25%, reaching a turnover of 6 million euros by 2025.
The management in France will fall to the current president of Work Well, Sylvain FaurielThe Catalan technology consultancy, owned by the Benito family, billed 468 million euros in the 2020 financial year---latest available data--- and has a workforce of more than 6,000 technology professionals.The group aims to reach a turnover of 1,000 million euros in 2025, a figure that means doubling current sales. After the acquisition of Work Well, it is present in 40 countries in Europe, Latin America, the United States, the Middle East, Africa, and Asia, serving more than 8,000 clients.