[France and Türkiye] TeamSystem expands with acquisitions of ACD and DIA

TeamSystem announced its acquisition of French accounting software provider ACD, expanding the Italian group's presence in France. Additionally, in a separate transaction, it acquired DIA Yazılım, a cloud software company in Türkiye, as it builds its business beyond Italy, IT Brief reports.

ACD was founded in 2004. It develops accounting and management software for accounting firms and related professionals in France and now serves around 3,200 firms, which support more than 1.3 million businesses.

The acquisition reportedly gives TeamSystem a larger foothold in a market in the midst of administrative and tax process changes, as electronic invoicing is introduced in stages. Italy has already adopted that model, and TeamSystem says it has built a significant amount of its domestic business around software used by companies and professional firms to manage those requirements.

France is a key market for accounting and compliance software providers because accounting firms play a central role in helping small businesses manage reporting and tax obligations. According to TeamSystem, ACD's customer base places it firmly in that segment, supplying tools used in the day-to-day operations of professional firms.

Federico Leproux - TeamSystem's chief executive - said France was central to the group's plans beyond Italy.

"Given the importance of professional services firms in its economic system and the profound transformation underway in administrative and tax processes, France plays a strategic role in our European growth journey," Mr Leproux said.

"The French context is closely aligned with Italy's, where electronic invoicing marked a milestone in the digitalisation of companies and SMEs. With the acquisition of ACD, we aim to bring this expertise to France, supporting professionals in their daily activities and helping them navigate the digital transformation," he said.

TeamSystem's second deal adds DIA Yazılım to its portfolio. The Turkish company provides cloud ERP software for small and medium-sized enterprises and supports tens of thousands of users in its domestic market.

DIA Yazılım employs more than 100 people and offers modular software designed to meet SMEs' operational and regulatory requirements. The acquisition reportedly extends TeamSystem's management software business into a market where it sees similarities with Italy’s regulatory and business needs.

Mr Leproux stated that the Turkish acquisition followed the same approach TeamSystem has used in other countries, growing through local businesses.

"The acquisition of DIA further accelerates our growth in Türkiye. In line with our other key markets, we have adopted a long-term approach based on pursuing targeted investments, capitalising on local expertise and implementing solutions that meet the needs of SMEs, where efficiency and user experience are increasingly driving digitalisation," he said.

Source: IT Brief

(Quotes via original reporting)

TeamSystem announced its acquisition of French accounting software provider ACD, expanding the Italian group's presence in France. Additionally, in a separate transaction, it acquired DIA Yazılım, a cloud software company in Türkiye, as it builds its business beyond Italy, IT Brief reports.

ACD was founded in 2004. It develops accounting and management software for accounting firms and related professionals in France and now serves around 3,200 firms, which support more than 1.3 million businesses.

The acquisition reportedly gives TeamSystem a larger foothold in a market in the midst of administrative and tax process changes, as electronic invoicing is introduced in stages. Italy has already adopted that model, and TeamSystem says it has built a significant amount of its domestic business around software used by companies and professional firms to manage those requirements.

France is a key market for accounting and compliance software providers because accounting firms play a central role in helping small businesses manage reporting and tax obligations. According to TeamSystem, ACD's customer base places it firmly in that segment, supplying tools used in the day-to-day operations of professional firms.

Federico Leproux - TeamSystem's chief executive - said France was central to the group's plans beyond Italy.

"Given the importance of professional services firms in its economic system and the profound transformation underway in administrative and tax processes, France plays a strategic role in our European growth journey," Mr Leproux said.

"The French context is closely aligned with Italy's, where electronic invoicing marked a milestone in the digitalisation of companies and SMEs. With the acquisition of ACD, we aim to bring this expertise to France, supporting professionals in their daily activities and helping them navigate the digital transformation," he said.

TeamSystem's second deal adds DIA Yazılım to its portfolio. The Turkish company provides cloud ERP software for small and medium-sized enterprises and supports tens of thousands of users in its domestic market.

DIA Yazılım employs more than 100 people and offers modular software designed to meet SMEs' operational and regulatory requirements. The acquisition reportedly extends TeamSystem's management software business into a market where it sees similarities with Italy’s regulatory and business needs.

Mr Leproux stated that the Turkish acquisition followed the same approach TeamSystem has used in other countries, growing through local businesses.

"The acquisition of DIA further accelerates our growth in Türkiye. In line with our other key markets, we have adopted a long-term approach based on pursuing targeted investments, capitalising on local expertise and implementing solutions that meet the needs of SMEs, where efficiency and user experience are increasingly driving digitalisation," he said.

Source: IT Brief

(Quotes via original reporting)