The TVH Consulting group announces the acquisition of Calliope Business Solutions ("CBS"), a leading publisher and integrator of ERP, CRM and collaborative solutions on Microsoft platforms. The merger of the two companies marks an important milestone in a highly concentrated market, and will enable the new entity to become one of the leaders in Microsoft Dynamics integration in France. Thanks to sustained organic growth and this major strategic merger, the TVH Consulting group has doubled in size, with sales of over €75m and 400 employees in 10 branches in France, Morocco and Spain.

For over 20 years, TVH Consulting has demonstrated its excellence in integration and business expertise with a clear and pragmatic vision of IS challenges in its historic core business: ERP. Supported since August 2021 by the investment fund 21 Invest France and its minority co-investors (Naxicap Partners and CEIDF), the Group is accelerating its development and, with CBS, is carrying out its 4ème external growth operation after Fidens (2022 - Cybersecurity), Isochronix and Algoritmia (2023 - respectively Salesforce expert in France and Microsoft Dynamics expert in Spain).

Founded in 2017 at the initiative of the Bee Up Capital fund, CBS has a clear ambition: to transform technological innovation into operational reality for businesses. The group is the result of the merger of three companies, historic Microsoft integrators with complementary expertise: 3LI Business Solutions (20 years' experience in ERP), Titanium (18 years' experience in CRM) and Groupe Diagonal' (28 years' experience in ERP). Thanks to these synergies, CBS has established itself over the years as a French leader in Microsoft solutions, with excellent positioning in the ERP and CRM markets.

The merger of these two players, both committed to the success of digital transformations and with similar values, was an obvious choice. The new Group will be able to offer solutions tailored to a broader market - from SMEs to ETIs, in France and Europe - while drawing on recognized sector expertise. The know-how of the new "Ensemble" applies in particular to the Agricultural Cooperatives and Agri-food sectors, as well as to the Retail-distribution sector, offering a number of proprietary solutions adapted to customers' businesses and sizes (CALLIOSUITE on the Microsoft Dynamics Business Central ERP and ADAX Suite on the Microsoft Dynamics Finance & Operations ERP).

The Group will continue to support its customers in their strategic IS thinking, drawing in particular on its Innovation Lab department, which helps accelerate the adoption of all Microsoft's innovative solutions: CRM, AI, Copilot and Power Platform.

"I'm delighted that CBS has decided to join forces with TVH Consulting. The strong convictions we share - a common history to write, complementary offerings to develop, expert men and women to retain - have reinforced our strategic choice for this merger. 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 our development of innovative Microsoft 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, President 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 determination to accelerate the Group's development, by offering our customers an ever wider range of expert products and services. We are delighted to have joined forces with CBS, enabling us to address smaller companies and strengthen the Group's software publishing expertise with proprietary solutions. 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, both in terms of the complementary nature of our solutions and sectors, and 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've built an organization based on rigor, innovation, expertise and proximity, and it's for all these values that we share with TVH Consulting that we're delighted to join this project", explains Géraldine Esnault, Director of Microsoft Calliope Business Solutions.