Silae, a French company specializing in HR management solutions, has acquired Jenji, a software company that provides expense management solutions for medium and large-sized businesses. Jenji's acquisition is part of Silae's strategy to expand its HR management solutions and become the leading French centaur in this field, generating over 100 million dollars in annual recurring revenue (ARR).
Jenji was created in 2015 by Pierre Queinnec and Nicolas André, with the support of the investment firm Eurazeo. Their solution offers an automated platform for managing expense reports, flat-rate allowances, and professional expenses. The acquisition of Jenji is Silae's third major purchase, following its acquisitions of isiRH and DSN Plus.
Silae's strategy is to become a leading provider of HR management solutions, and the acquisition of Jenji is a key component of this strategy. The acquisition is part of a broader trend in which companies are seeking to streamline their HR and financial management processes by adopting automated software solutions. The acquisition is expected to provide Silae with a competitive edge in the HR management software market.
The acquisition of Jenji for 70 million euros marks a significant milestone for Silae, as it helps to cement its position as a leading provider of HR management solutions. With the acquisition, Silae now has a comprehensive suite of HR management solutions that includes payroll management, time and attendance tracking, and expense management. This suite of solutions will enable Silae to better serve its customers and provide them with a more integrated and streamlined HR management experience.
In summary, Silae's acquisition of Jenji is a significant step in its strategy to become a leading provider of HR management solutions in France. The acquisition is expected to provide Silae with a competitive edge in the HR management software market and enable it to generate over 100 million dollars of ARR. Silae's expanded suite of HR management solutions will enable it to better serve its customers and enhance their HR management experience.