HR Path grabs €30m to take software global

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fintech insurtech wealthtech regtech ai cybertech esg news

French human resources management service HR Path has raised €30m in a new round of funding.

Activa Capital, Ardian and Société Générale Capital Partenaires all contributed to the investment.

The Paris-based firm develops its own HR software such as payroll and time management solution Pandore, business decision-making tool BiHRdy and talent management system Geef.

It says it is the only authorised reseller in the market for software solutions such as SAP and SuccessFactors, HR Access, Oracle HCM, Cegid, Sage and Talentsoft.

HR Path says it benefits from its expert positioning across the entire value chain as both an IT consultancy and service provider.

The company was founded back in 2001 and counts operations across 13 countries while employing 500 consultants and generating more than €60m in annual revenue.

HR Path will use the capital to continue its international expansion, make acquisitions in the French market, recruit more staff and make investments.

Company co-founder and partner François Boulet commented: “Our steady growth since we started out in 2001 underscores the strength of demand in the market and our ability to meet its needs.

“Thanks to this new funding round, we won’t just be the key player in HR solutions across France anymore, we’ll also be able to consolidate our global leadership position.

“Innovative digital solutions have already transformed the HRIS sector. We aim to carry on revolutionizing the HR solutions business, helping more clients attain excellence by improving efficiency worldwide.”

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