Freelance.com has announced the completion of its equity-financed acquisition of 100% of the shares in the Prium group, a French freelance administration company founded in 2012 and expected to achieve sales of €56 million by 2023.
Following the integration of Openwork and STA, the merger with Prium enables Freelance.com 'to consolidate its position as a key player in management and services for the self-employed, in line with its development strategy'.
'The synergies resulting from this combination should enable the Freelance.com group to achieve significant economies of scale and strengthen its competitiveness in the market, while maintaining good control over its operating margins', it continues.
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Freelance.com specializes in providing intellectual services to large businesses, small and medium-sized businesses, and independent entrepreneurs. Net sales break down by activity as follows:
- salary contracting (50.7%): the group offers independent workers the possibility of obtaining employee status, taking complete charge of their administrative, tax, legal, and corporate affairs;
- free-lance service (48.9%): services provided in the fields of computers (information system development and implementation, network architecture configuration, integration of ERP solutions, Internet technology design and implementation), consulting, marketing, communication and formation via more than 150,000 independent consultants. Moreover, Freelance.com develops operates an automated marketplace intended to connect computer service providers (computer service companies, consulting firms, etc.) with each other in order to optimize the management of their contracts with each other;
- other (0.4%).
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Investor
Investor
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Global
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