PARIS--(BUSINESS WIRE)--Horizontal Software, a software vendor and leader in human capital management domain in SaaS/cloud mode, announces a new acquisition - Equitime, a workforce management software vendor, leader in healthcare services and local administrations in France.
This acquisition will strengthen the position of Horizontal Software in healthcare service and local administration markets while providing Equitime with native SaaS/Cloud, as well as innovative optimization solutions. It will also allow the new entity to reach the sufficient size in order to become a key partner for companies looking for dynamic and optimized resource scheduling and management software solutions.
Founded in 1999, Equitime is located in Isère, France with 38 employees. The company has got 15 years of experience in developing software solutions to schedule and manage human resources, with a strong expertise in related vertical business rules modelling. Equitime is specialized in Healthcare services (with 300 customers) and local administrations. Its AgileTime™ Software Suite is a powerful tool helping in daily management, decision-making, organization, improving internal communication, employees’ involvement as well as development of social organization for companies and organizations. http://www.equitime.fr
The AgileTime™ brand and AgileTime Software Suite business will both continue to be deployed and developed under their own name.
"The acquisition of LPDR Engineering and Equitime perfectly complements our existing solutions aiming at optimizing resources for the benefit of our customers. Today we have reached a critical size in terms of installed bases, sales force as well as complementary offer porfolio. These acquisitions are in line with our objective to strengthen our SaaS/Cloud leadership in human capital management, just the way we had envisioned it in the early stages of its creation" says Hervé Yahi, CEO of Horizontal Software. "With the acquisition of Equitime, our goal is to exceed 6 million euro annual turnover by the end of 2014. Within the following 24 months, our aim is to exceed 15 million euros, an achievable goal through external growth."
"We believe that, by joining our forces with Horizontal Software, we will strengthen our technological innovation capacities, improve our market share, which will greatly contribute to the future development of the new group, for the benefit of our customers" says Jean-Marie Brosse, CEO of Equitime.