Silver Lake Acquires Silae to Strengthen Technology Platform.
MANews-(C)2009-2020
US-based technology investment firm Silver Lake has acquired 100% or French cloud-based Payroll and HR software provider, Silae, to strengthen technology platform, the company said.
Financial terms of the transaction were not disclosed. The transaction is expected to close in the third quarter subject to regulatory approval.
Silver Lake is to acquire Silae from its founding shareholders, who intend to remain involved in the business.
This investment marks an acceleration point enabling the company to reinforce its market position in HR and payroll SaaS solutions.
Silae is a specialist provider of fully cloud-based Payroll and HR software, offering a range of...
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