New corporate acquisitions are announced by the founder and managing director of the PeopleCert Group, Byron Nicolaidis. And this, just one year after the completion of the largest acquisition of the last 15 years, by a Greek company, for 450 million euros, last year in July. A move that boosted PeopleCert’s valuation to over 1 billion euros, making it the first Greek “unicorn”
Specifically, as Mr. Nikolaidis pointed out today, addressing representatives of the press, PeopleCert is already in discussions with companies that could offer it either a technological lead in its subject area (language certifications and project and process management), or that possess a framework, i.e. a framework of best practice procedures.
According to him, the conclusion of the relevant discussions and the implementation of the acquisition – or acquisitions – is expected within this year.
The completion of the acquisition of the entire share capital of the British company AXELOS Limited, for a price of 450 million euros (380 million pounds), a year ago, led the valuation of PeopleCert to levels above 1.1 billion euros, while since then the particularly its rapid growth rate of 40% per year has also been reflected in its valuation level.
AXELOS is a joint venture formed in 2013 by the Cabinet Office on behalf of the Government (HMG) in the United Kingdom and Capita plc (CPI.L), to develop and promote global project management methodologies (Project Management) and digital services (IT & Digitally enabled services), including PRINCE2 and ITIL. Through this particular acquisition, PeopleCert consolidated its position as a global leader in project management and digital services certification, as well as as a technology hub for Greece.
The business agreement of the acquisition of the British company Axelos by PeopleCert was highlighted by Bank of America (consultant of PeopleCert) and the Global Banking & Finance Awards as the best Deal of the Year, Greece 2022, confirming, as Mr. Nikolaidis pointed out, that the company is moving strategically in the right direction, responding to the challenges of the global market.
It is worth noting that the Global Banking & Finance Awards reflect innovation, achievement, strategy in the global financial community by recognizing companies that hold a prominent position in specific areas of expertise and excellence.
“Our goal is for PeopleCert to contribute to the reputation of Greece as a central investment destination and a global technological hub of best practices for the development and upgrading of skills,” said Mr. Nicolaidis. We can transform, pointed out the CEO of the Group, Greece into A global example to follow. With the help of PeopleCert, Greek businesses and government organizations can optimize their performance and functionality, as do 82% of the Fortune 500 companies that have adopted ITIL worldwide.
Today the Group manages and develops a portfolio of global best practice methodologies in project management (PRINCE2) as well as IT and digital service management (ITIL) and conducts millions of exams in more than 200 countries assessing professional and language skills.
Regarding the group’s development strategy, Mr. Nikolaidis said that it is based on four pillars:
Maintaining high rates of growth and profitability: Continuing with a growth rate of 40%, we aim to strengthen our network with strategic partnerships, acquisition of companies, entry into new markets as well as automation and efficient operation of our operations.
Development and enhancement of all products with an emphasis on innovation, so that they respond to the most modern technological needs. Conducting seamless exams worldwide and adopting modules that, according to the latest trends, address key issues of professionals and businesses, such as sustainability.
Digital transformation. With digital as the main channel for product promotion and distribution, we are creating a modern technology hub in Greece with IT professionals and experts
Emphasis on our people. Our 1000+ employees are our most important investment and we place special emphasis on their continuous development in an environment of equal opportunities for all.
SOURCE: APE-ME
Source: Capital
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