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Sopra Group (NYSE Euronext: SOP) announced today the acquisition of the company HR Access thereby significantly strengthening its position in the development of software solutions for the human resources management industry.
As stated in the press release issued on 19 February 2013 announcing the proposed acquisition, Sopra Group has acquired 100% of the share capital of HR Access.
This acquisition is in line with the Group’s 2015 strategy, which aims to solidify its position in the human resources management segment as well as serve its ambitious target of generating 30% of revenue in software.
HR Access’ activities will be consolidated in the Group’s financial statements as of 1 April 2013.
Financial information about the transaction has not been disclosed.