« Together », TVH Consulting & Calliope Business Solutions join the Top 3 Microsoft ERP integrators in France.
Paris, 4th March 2024
TVH Consulting announces the acquisition of Calliope Business Solutions, a leading publisher and integrator of ERP, CRM and collaborative solutions on Microsoft platforms. The combination of Calliope Business Solutions (“CBS”) and the TVH Consulting group marks an important turning point in a market undergoing strong concentration, and enables the group to become one of the leaders in Microsoft Dynamics integration in France. The combination of strong organic growth and this strategic merger will enable the TVH Consulting Group to double in size to over 75 million in revenue and +400 employees, spread over 10 agencies in France, Morocco and Spain.
Since more than 20 years, TVH Consulting has combined integration excellence with business expertise, demonstrating a clear and pragmatic vision of customers’ IS challenges on its historical core business: ERP. Supported since August 2021 by the investment fund 21 Invest France and its minority co-investors (Naxicap Partners & CEIDF), TVH further accelerates its growth by concluding its 4th acquisition after Fidens (2022, «Cybersecurity»), Isochronix and Algoritmia (2023, « Salesforce » and « Microsoft Dynamics in Spain » respectively) The latter remains more than ever the keystone of the information system and the foundation of a successful digital transformation, which is why the acquisition of CBS, a historic player in the sector who shares TVH’s values with strong business expertise, seemed obvious.
Founded in 2017 at the initiative of the Bee Up Capital fund, the Calliope Group is the result of the merger of three companies, historic Microsoft integrators with complementary know-how: 3LI Business Solutions (20 years’ experience in ERP), Titanium (18 years’ experience in CRM) and Groupe Diagonal’ (28 years’ experience in ERP). Since then, the Group has grown with the strong ambition of “transforming technological innovation into operational reality for companies”. In 2022, the Calliope Business Solutions brand will finally be established, reinforcing its position in the ERP and CRM markets and affirming its position as the French leader in Microsoft solutions.
The merger of two highly complementary players will enable the new group to offer solutions tailored to a broader market – from SMEs to ETIs, in France and Europe – while drawing on recognized sector expertise. The expertise of the new “Together” is deployed in particular in the agricultural cooperatives & agri-food, and retail-distribution sectors, offering numerous proprietary solutions adapted to customers’ businesses and sizes: CALLIOSUITE on Microsoft Dynamics Business Central ERP and ADAX Suite on Microsoft Dynamics Finance & Operations ERP.
The group will continue to support its customers in their strategic IT thinking, drawing in particular on its Innovation Lab department, which helps accelerate the adoption of all Microsoft’s innovative solutions: CRM, AI, Copilot and PowerPlatform.
« I’m delighted that CBS has decided to join the TVH Consulting Group. Our strong conviction that we have a shared history to write, complementary offerings to develop, and expert employees to retain, has reinforced our strategic choice to join forces. In addition to our core business as an independent integrator and publisher of Microsoft and SAP ERP solutions, we wanted to be able to accelerate the pace of Microsoft’s innovative solutions and offer all our customers support combining performance and resilience in ERP, Data, BI and CRM, with the addition of a dedicated Cybersecurity offering, » comments Ahmed Mahcer, Chairman of TVH Consulting.
« I would like to welcome the CBS teams to TVH Consulting, a wonderful human adventure. This new acquisition is a concrete expression of our will to accelerate the Group’s development, by offering our customers an ever wider range of expert products and services. The merger with CBS allows us to address smaller companies and strengthens the group’s software publishing practice with proprietary solutions, which we welcome. We will continue to support the group in its development strategy, combining strong organic growth and selective acquisitions in France and Europe » Stéphane Perriquet, Managing Partner of 21 Invest.
« This business project quickly became obvious to us, not only because of the complementary nature of our solutions and sectors, but also because of the quality and expertise of our people and projects. We were sincerely looking to join forces with a market player with a strong reputation who would help Calliope’s DNA of excellence to flourish, while writing this new chapter together. We have built an organization based on rigor, innovation, expertise and proximity, and it is for all these values that we share with TVH Consulting that we are delighted to be joining this project », explains Géraldine Esnault, Director of Microsoft activities Calliope Business Solutions.
About TVH Consulting
Founded in 2003, TVH Consulting is a “pure player” in software integration and publishing, with recognized expertise in ERP, CRM, BI and DATA through partnerships with the world’s leading software publishers: Microsoft, SAP, Salesforce, Talend. Relying on proprietary R&D, TVH Consulting has developed its own range of products dedicated to strategic sectors – agri-food, agricultural cooperatives, retail & specialized distribution, chemicals-pharmaceuticals-cosmetology, processing industry – and also supports its customers in their cybersecurity strategy.
The Group serves a customer base made up mainly of European SMEs and ETIs. Based in France (10 sites), Spain and Morocco, the TVH Consulting group currently employs over 260 people.
About Calliope Business Solutions
A recognized partner in digital transformation, Calliope Business Solutions specializes in publishing and integrating ERP, CRM and collaborative solutions on Microsoft platforms. With a team of 180 people and 7 agencies across France, Calliope offers a unique value proposition, based on 3 components: solutions from the leading software publishers, Calliopacks, packaged, value-added, business-oriented modules, and the Calliope Success Method, a support methodology founded on rigor, innovation, expertise and proximity. Taking into account each customer’s sector of activity and degree of transformation maturity, Calliope’s experts assist companies in bringing their projects to fruition, from concept to operation. Over 500 customers, SMEs, ETIs and subsidiaries of major accounts, have already placed their trust in Calliope Business Solutions, notably in the retail, trade, agri/agro, manufacturing, fashion and textile, and service sectors.
About 21 Invest
An active and responsible shareholder alongside management teams for 30 years, the 21 Invest group has supported over 100 companies based in France, Italy and Poland through local funds. In France, the investment strategy focuses on companies combining growth and recurrence in 4 sectors: healthcare, technology/software, education and business services. 21 Invest brings its expertise in institutionalization and growth acceleration to the companies whose transformation it supports, notably through the deployment of platform strategies.
The TVH Consulting Group
TVH Consulting brings together more than 170 Microsoft, SAP ERP and BI solutions experts, committed to 100% project success.
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