4D SAS Acquired by Volaris Group to Enhance Developer Platforms
Deal News | Nov 29, 2024 | Globenewswire
Volaris Group has announced the acquisition of 4D SAS, a company based in Le Pecq, France, renowned for its hybrid low-code development platforms, 4D and Qodly. This acquisition marks Volaris Group's strategic expansion into the developer platforms market, enhancing their portfolio with a versatile product that aids in the rapid creation and deployment of complex business applications. 4D SAS, which operates internationally with offices in France, the US, Germany, Japan, and Australia and a subsidiary in Morocco, will integrate into Volaris while retaining its CEO, Eric Teissandier. Volaris' buy-and-hold strategy aligns with 4D's long-term vision, promoting continued innovation and growth. This acquisition reassures 4D's customers about its future capabilities, while also guaranteeing sustained development and technological advancement. The move bolsters Volaris Group's commitment to providing top-tier software development solutions tailored to client needs.
Sectors
- Software Development
- Private Equity
Geography
- France – 4D SAS is headquartered in Le Pecq, France, and is a significant participant in this acquisition.
- Canada – Volaris Group, the acquiring company, is based in Toronto, Canada, and plays a key role in the transaction.
Industry
- Software Development – The acquisition involves companies operating in the software development sector, focusing on low-code development platforms and application creation.
- Private Equity – Volaris Group, a private equity firm, is expanding its investments through strategic acquisitions in the software development industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| 4D SAS | Target Company | Company | A French company specializing in hybrid low-code development platforms for creating business applications. |
| Volaris Group | Acquirer | Company | A Toronto-based private equity firm focusing on expanding its portfolio in the software development industry. |
| Eric Teissandier | CEO of 4D SAS | Person | The current CEO of 4D, who will continue to lead the company post-acquisition. |
| John Isak | Portfolio Manager at Volaris Group | Person | Oversees the Developer Platform group at Volaris Group. |
| Laurent Ribardière | Founder of 4D SAS | Person | Founded 4D SAS in 1984 and has overseen its growth and innovation. |
| 4D Logiciels Morocco | Subsidiary | Company | A Moroccan subsidiary of 4D SAS providing support and expertise to customers. |