Silver Lake Completes Acquisition of Leading Cloud-based HR Software Provider Silae
Summary
AIX-EN-PROVENCE, France & LONDON--(BUSINESS WIRE)--Silver Lake, the global leader in technology investing, today announced that it has completed the acquisition of 100% of Silae, a specialist provider of cloud-based payroll and HR software for the French market, from its founding shareholders. Silae’s governance has been modified to reflect the new shareholding structure and Christian Lucas, Co-Head of Silver Lake EMEA, has been appointed Chairman of the Board. Silver Lake is planning to invest meaningfully into Silae and support it in its next phase of development as the company is well-positioned to further accelerate its growth, through innovative new products and services. The company’s core SaaS product line Silaexpert enables full automation of complex payroll and HR processes, ensuring full adherence with constantly evolving labour and tax regulations in France and facilitating seamless communication and data exchange between outsourcing partners and customers in a highly collaborative environment. Silver Lake’s portfolio of investments collectively generates more than $180 billion of revenue annually and employs 295,000 people globally.
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