PARIS, France – Sopra Steria (Euronext Paris: SOP), a major technology player in Europe, has announced that it has entered into exclusive negotiations to acquire Neocase, an innovative digital HR solutions firm, to bolster its Sopra HR business. The acquisition of Neocase strengthens SopraHR’s strategy to be a comprehensive provider of modern HR solutions, with an end-to-end range of HR services for employees (HR services delivery) designed to optimise the employee experience. Venero Capital Advisors acted as exclusive financial advisor to Neocase on the transaction.
Founded in France in 2001, Neocase posted revenue of around €16 million in 2024. The company develops innovative and flexible HR solutions for employee relationship management (ERM), business process automation (BPA), collaborative case management and employee document management. Neocase serves more than 100 clients, mainly in Europe, with solutions covering over six million employees worldwide.
Through its Sopra HR subsidiary, Sopra Steria is a leading provider of digital solutions for human resources in France and Europe, having generated more than €200 million in revenue in 2024.
Didier Moscatelli, CEO of Neocase, said: "This proposed acquisition by Sopra Steria represents the perfect next chapter for Neocase. Our partnership with Sopra HR for the past five years has proven our complementarity and shared vision to transform the HR experience. Together, we will accelerate innovation in HR solutions and deliver even greater value to organizations seeking to digitize and automate their HR processes. The advice and collaboration of the Venero team were instrumental in achieving the right transaction for Neocase."
The advice and collaboration of the Venero team were instrumental in achieving the right transaction for Neocase.
George Galanopoulos, Partner at Venero Capital Advisors, said: "The proposed acquisition of Neocase by Sopra Steria represents a highly synergistic transaction for both parties. Neocase's innovative solutions for employee relationship management and business process automation perfectly complement Sopra HR's established market position, positioning the combined entity to lead the digital transformation of HR services across Europe."
The proposed acquisition is subject to prior consultation with employee representative bodies as well as customary regulatory approvals and is expected to be completed in the fourth quarter of 2025.
About Venero Capital Advisors
Venero Capital Advisors offers tailored and independent M&A advisory services to ambitious businesses globally. Our client relationships are built and carefully maintained on trust, discretion and dedication. We combine in-depth industry expertise with market leading advisory skills – delivered within a highly confidential and unconflicted framework.
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