The Talan group acquires Newside
Press release, 15 January 2014
Management and IT consulting
The Talan group acquires Newside
Talan's third takeover in as many years illustrates the external growth strategy
it has deployed to complement its strong organic growth. The mergers initiated
by the group, which specialises in Finance, Utilities, Telecoms, Transport and
the Public Sector, are geared towards reinforcing its positioning from both a
sectoral and geographical perspective.
The firm's 2011 merger with Asset Technology underlined its ambitions in the
financial sector in France and abroad. Meanwhile, the partnership signed with
Cereza in 2013 was intended to enhance its presence in the transport, logistics
and supply chain market. Today, by taking over Newside, the group is once again
focusing on the financial sector while ramping up its presence in France and the
United Kingdom, so as to respond more effectively to the massification strategy
implemented by its clients in the market over the last three years.
Talan now employs more than 800 people on four continents. The group aims to
generate â‚¬114 million in turnover in 2014 through its range of consulting
services and by providing support to project owners and project managers
involved in the development of information systems.
A stronger presence in the "Financial Markets" sector
The acquisition of Newside means that the financial sector now accounts for 40 %
of Talan's turnover (compared to 35 % previously). Because the merger between
the two firms includes a share exchange, Newside's two associates, Christophe
Castellani and Julie Louvrier, will become associates in the Talan group. They
will be involved in the management of the group's Finance division, which now
employs some 300 people.
"Bringing Newside on board will significantly enhance our Finance division's
expertise, allowing us to better support the changes being made to the
information systems of our client companies in the French and foreign financial
sectors," declared Jean-Luc Biache, GeneralÂ Manager of Talan Consulting and head
of Talan's Finance Business Unit.
This merger highlights the group's desire to boost its presence in the financial
markets and to enhance the expertise it offers the sector. Talan already enjoys
a strong reputation among market players in the corporate and investment banking
(CIB), fund management and risk management sectors in France, North America and
Asia. The group offers a wide variety of services ranging from the provision of
technological expertise and support for project owners, to the rollout of large-
scale projects under fixed-price or service centre contracts and the offshoring
of certain software engineering services through its subsidiary in Tunis.
Thanks to Newside's ties with CIBs and Asset Managers on the Paris and London
stock markets, where it serves clients such as BNP Paribas CIB, CACIB, SociÃ©tÃ©
GÃ©nÃ©rale CIB and AXA IM, Talan will now have access to crucial expertise in the
provision of specialist support to the owners and managers of trading room IT
projects. The group will also be able to take advantage of the partnerships
Newside has forged with publishers of specialist software packages for the
Unique multinational positioning in the major financial markets
The merger between Talan and Newside will enable the group to offer global
solutions to customers operating in the major financial markets. Thus, the staff
of Talan Americas in New York, Talan Conseils Canada in Montreal and Talan Asia
in Hong Kong will be joined by Newside UK's 30 London-based employees, to
complete a multinational set-up that is unique for a consulting firm specialised
in the financial markets.
"Ever since it was founded, Newside has offered services and consulting
solutions both in Paris and London. The merger with Talan will allow us to
expand this international coverage. We expect our international growth to be
extremely rapid over the coming years," remarked Christophe Castellani, CEO of
A merger that will help cater for market requirements and which is in keeping
with the group's strategy
"The leading banks are increasingly rationalising their information systems and
optimising their supplier listing policy. When it comes to consulting and
service provision, they tend to seek partners capable of offering service centre
solutions and able to assist them at their various sites around the world.
Newside's incorporation into the Talan group is a fitting response to this
market shift," declared Mehdi Houas, CEO of the Talan group.
Thanks to two-figure profitability, Talan boasts great financial strength and
the ability to commit considerable resources to projects. Its aim is for its
thousand or so consultants to generate turnover of more than â‚¬100 million in
2014 (compared to â‚¬71 million in 2013) and over â‚¬200 million by 2016. "To meet
the requirements of our customers and achieve our development targets, we are
placing the emphasis on strong organic growth, while ramping up our external
growth operations," continued Mehdi Houas.
Isabelle Laville - firstname.lastname@example.org - 00 33 1 40 86 31 53 /
00 33 6 25 47 18 03
About Talan - www.talan.fr
Talan offers an alternative to larger consulting and service companies. It
specialises in overhauling business processes and enhancing them with new
technologies, having chosen to focus its expertise on Major Service
Organisations (Finance, Telecoms, Utilities, Transport and the Public Sector).
Talan offers a comprehensive range of services: consulting and support for
project owners, overhauling and optimising business processes, support for major
transformation projects, alignment of information systems with organisational
changes, and change management.
Talan employs more than 800 people and aims to achieve turnover of â‚¬114 million
in 2014. The group delivers its business, functional and technological know-how
on an international scale, with offices in Paris, London, Luxembourg, Tunis, New
York,Â Montreal and Hong Kong. In 2007, Talan set up its "nearshore" development
centre in Tunisia, which is currently populated by more than 120 development
engineers specialised in new technologies.
About Newside - www.newside.com
Newside is an Anglo-French consulting and service company specialised in the
financial sector. It prides itself on its ability to support its clients,
including some of Europe's major financial players, in both Paris and London.
The company was founded in 2007. It employs 60 people and generated turnover of
â‚¬6.5m in 2013.
Newside is involved in international projects to improve and maintain the
information systems of its customers. Â The company has forged partnerships with
emerging software publishers specialised in the technologies and processes that
are specific to investment banks. These publishers offer innovative products and
Newside ensures their smooth integration.
In 2010, Newside opened a representative office in Hong Kong to cater for the
expectations of its clients and employees.
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