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French software developer Sopra Group (Paris:SOP) plans to acquire a 100 % stake in HR Access, a global provider of HR business solutions. The acquisition will boost the firm’s stance within the human resources management industry.
The transaction, approved by Sopra board members, is expected to close by the end of March. Metrics of the deal were not disclosed.
The HR Access software solution addresses all industry sectors of both public and private companies with the firm counting many French blue chip clients among its members. HR Access offers payroll services, workforce management and talent management solutions.
Sopra is major European consulting, systems integration, application outsourcing, and application solutions company with offices through Europe and India. The company’s HR solutions business is projected to make around €100 million in revenues this year.