22 October 2018

Pax news

CF News is talking about it – Atexo transfers its business to Novéane

The consulting and engineering company in IT solutions joins Noveane, which specialises in implementing project management solutions and optimising business processes of more than 18 million euros in consolidated revenue.

Laurent Malhomme

Laurent Malhomme, Atexo Conseil

Atexo, one of Perfectis’ last stakes, which has been taken over by HDL, (see below), separated this summer from Atexo Conseil, its consulting activity in the field of computerisation and dematerialisation, mainly on behalf of the public sector. The Group, which is chaired by Laurent Malhomme (photo opposite) has sold its subsidiary, in an LBO with Perfectis PE since 2008 (see below), has joined the Novéane Group, a consultancy firm to support managers in their digital transformation projects. The amount of the transaction, in which Pax Corporate Finance advised the assignors, has not been disclosed. “To capitalise on the strong growth of this activity, we had to join a pure-player”, explained Julien Truc and Sébastien Leleu, respectively account executive and manager at Pax CF. For its part, Atexo, which was created in 2002 and with nearly 10 million euros in revenue in 2017 maintains its subsidy management software business for local authorities, which was created in 2008.

A new group with more than 18 million euros in revenue

Thomas Chauchard

Thomas Chauchard, Noveane et ISPA Consulting

Atexo Conseil thus contributed 3.5 million euros in turnover for 2017, as well as around thirty employees, to form a group of over 140 people, whose consolidated revenue was in excess of 18 million euros for the past year. A Group, chaired by Thomas Chauchard (photo opposite), which notably consists of Ispa Consulting, Aerial, and Ispa Solutions, and is now opening to the public sector, such as to local authorities. Already specialised, for large accounts, in the implementation of project management solutions, optimisation of HR processes and business transformation, it is now complementing its competencies in financial management, grants, assets, technical services, human resources and organising CIOs.