Cegid Acquires Shine To Boost SMB And Accountant Financial Solutions In Europe

Co-founded by Rico Andersen and Martin Hegelund, Shine is a fintech unicorn operating in France, Denmark, the Netherlands, and Germany, serving more than 400,000 customers.

Cegid, founded by Jean-Michel Aulas, provides cloud business management solutions across finance, HR, accounting, retail, and entrepreneurial sectors. With over 5,000 employees Cegid sells its solutions in 130 countries and reported €967M in revenue as of December 31, 2024.

Both companies share a clear vision: empowering entrepreneurs by eliminating the complexity of running a business. Through a unified financial hub, Cegid and Shine will help small business owners spend far less time on administration and far more time on their craft by delivering:

• One single platform covering invoicing, accounting, payroll, business accounts and payments, tax, and reporting
• Deep AI automation to drastically reduce administrative tasks and provide valuable insights to its customers
• Superior user experience with intuitive, modular workflows suitable for all SMBs
• Fully compliant ecosystem ready for mandatory e-invoicing and digital reporting across Europe
• Seamless collaboration model between SMBs and accounting professionals

Cegid is a European leader in cloud management solutions for finance, HR, accounting, retail, and entrepreneurs. Founded in 1983, it drives innovation with scalable cloud technology, helping organizations worldwide accelerate digital transformation through expertise, regulatory insight, and long-term customer commitment, delivering secure, reliable tools that support growth and efficiency globally.

About Shine

Shine aims to restore the joy of running a business by removing the burden of financial administration. Founded 2012 by serial entrepreneurs Rico Andersen and Martin Hegelund Shine unifies invoicing, accounting, payroll, banking, and financing in one platform, supporting over 450,000 clients across Europe.