ALVARA gets new sister companies Safelogy and MLSA
With the support of its investor Silver Investment Partners (SIP), ALVARA Cash Management Group AG is growing beyond Germany's borders as planned. CMH Group, the wholly-owned parent company of ALVARA AG, acquires the French companies Safelogy SAS (Safelogy) and MLSA SAS (MLSA). ALVARA thus achieves the next milestone towards becoming the European market leader for software solutions in cash management.
Leipzig, May 16, 2019 - The CMH Group takes over the French companies Safelogy SAS (Safelogy) and MLSA SAS (MLSA) retroactively to December 31, 2018. The Leipzig-based cash specialist has thus reached another milestone on its way to becoming the European market leader for software solutions in cash management. At the same time, the long-term oriented ALVARA investor Silver Investment Partners (SIP) underlines the already announced sustainable growth strategy.
Under the umbrella of CMH Group, the two companies Safelogy and MLSA strengthen the German cash logistics specialist ALVARA Cash Management Group AG (ALVARA), a portfolio company of SIP since October 2018.
“With ALVARA and SIP, we have gained strong partners with whom we can strengthen our market position in Europe. I look forward to jointly continuing the growth path of our companies,” said Emmanuel Gaucher, CEO of MLSA and Safelogy.
Emmanuel Gaucher continues to be responsible for the operative business as CEO of MLSA and Safelogy. In addition, he will lead CMH Group together with Bernd Hohlfeld, CEO and founder of ALVARA. In this function, he will be responsible for the strategic positioning of the Group. Cyril Portalez remains CTO of Safelogy and in this position continues to develop the company's innovative applications.
“With the support of our new French colleagues, we can further expand our product and service portfolio for our German and international customers," says Bernd Hohlfeld, member of the ALVARA Management Board and Managing Director of CMH Group. “The combination of our IT expertise and product competence allows us to bring innovative software solutions to market even faster. In particular, I see considerable synergy potential in the interaction between the ALVARA ICC solution and the French provider's safe monitoring system.“
MLSA was founded in 1986 in Bar le Duc (France) and specializes in back-office applications to optimize cash management processes. The company operates internationally with a focus on Europe and Africa and offers retailers, cash-in-transit companies, financial institutions and public transport companies tailor-made software solutions to capture, control and monitor their cash flows.
In 2015, Emmanuel Gaucher, CEO and owner of MLSA, and Cyril Portalez jointly founded the start-up Safelogy in Marseille (France) to better meet retailers’ needs for software solutions to automate the cash cycle. The company has developed the first universal cash automation platform allowing merchants to optimize cash management through a flexible multi-vendor, customizable and integrated solution. The platform is used daily by more than 5,000 retailers. The cloud-based software enables customers to efficiently capture and track cash balances and cash flows. This allows retailers to reduce cash processing costs by up to 50 percent.
As a group, ALVARA, MLSA and Safelogy are in a unique position to serve their customers across Europe. Together, the companies are represented in 15 European countries. By harmonizing standards, they create a uniform system landscape that makes it easier for customers to synchronize their cash management processes at the European level and thus realize efficiency gains.