French group Evolucare, which is backed by Essling Expansion has acquired Axapa, a software publisher founded in 2012 by Olivier Rialland focused on the medico-social sector and in particular institutions dedicated to people with disabilities.
Axapa, whose revenue reached EUR4.5 million in 2018, serves 120 customers accounting for more than 2,500 institutions.
For Elie le Guicher, President of Evolucare, says: “The acquisition of Axapa allows the Group to change its scope in order to pursue its vigorous growth in France and abroad.”
“The Evolucare Group will provide significant support for our development, the related synergies are numerous,” says Rialland, President of Axapa. The company’s identity and strategy will remain unchanged.
“This acquisition provides access to a new type of customer and is the first step of a buy-and-build project. We have identified many additional targets,” add Bertrand Fesneau and Rémi Matuchansky, Co-Managers of Essling Expansion, Essling Capital’s Small & Lower-Mid Cap fund for fast developing companies in the digital and healthcare sectors.