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Published on 05/11/2025
Extens, the dedicated European software investor for healthcare, is supporting Cegape in its continued development and announces the acquisition of Geef and Virtualia from HR Path, an international provider of human resources management solutions backed by Ardian.
This strategic transaction marks a key milestone in Cegape’s ambition to be a leading partner in the digital and HR transformation of public institutions, by digitising human resources management through innovative software and outsourced services.
HR Path Software develops Virtualia and Geef, two well-established HRIS solutions respectively serving the French central government and local authorities (in particular the departmental fire and rescue services - SDIS).
The acquisition allows Cegape to broaden its functional scope, strengthen its positioning in HR and payroll software for public institutions, and extend its offering with complementary solutions for workforce planning, skills and talent management across all three segments of the French public sector.
Cegape will continue to operate both Virtualia and Geef, while working towards their gradual convergence into a modular SaaS HR platform ensuring service continuity and ongoing innovation for users.
Supported by Extens since 2021, Cegape continues its transformation journey with a second external growth transaction following the acquisition of Info Décision completed in January 2023. With this acquisition, Cegape now counts over 100 employees, 1,900 clients, and EUR 12.3 million in revenue.
This transaction illustrates Extens’ active support for its portfolio companies in consolidating their markets, in line with its value creation strategy. It represents the eighth add-on under Extens Fund III and the eighteenth since inception.