Novacap-backed Technomedia acquired by France's Cegid

Technomedia, a Canadian cloud-based talent management software provider, has been bought by Cegid Group, a French enterprise software company. The acquisition's value was not disclosed. Cegid said the deal forms part of its growth strategy in the human resources sector and lends impetus to its international expansion. Founded in 1996 by CEO Alain Latry, Montréal-based Technomedia has developed a talent management software suite that is used by private and public sector organizations in more than 70 countries. The technology, media and telecom group of Canadian private equity firm Novacap acquired a majority stake in the company in 2009.

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