The French company, specialized in CRM, Sellsy has recently acquired Quipu, a Spanish organization specialized in billing and pre-accounting. Both companies will work together to expand the range of services that Quipu offers in Spain, where it already has more than 7,900 customers.
The operation will allow Quipu continue his successful career in Barcelonaa, where it has been operating for years, as well as being a player of great relevance for the local technological ecosystem. In addition, you will be able to develop new functionalities to better meet the needs of your clients, especially in CRM and treasury management.
For Sellsy, the merger will allow it to gain additional pre-accounting experience for the Spanish market with an industry-recognized solution. Within a year, the goal is to offer national companies the suite “all in one” from Sellsy: a complete tool that covers the needs of SMEs from start to finish in terms of sales, business development, billing and payments.
Among Quipu’s plans for 2023, the company wants reach 60 employees as an independent company, and continue to increase the team progressively. Part of the new hires will be aimed at strengthening the presence of Sellsy products in Spain.
A context of strong market growth
Electronic invoicing will be mandatory in Spain in the next three years, and forecasts indicate that it will be something that stimulates the European market so that the same thing happens in other countries. The growth of CRM software market and turnover represents a potential of approximately 400 million euros, being a sector with a relatively low penetration rate that is expected to grow by 15% per year in the coming years.
These factors make the operation highly relevant, as it will help small and medium-sized companies and the self-employed – who make up the bulk of the Spanish business fabric and around 70% of employment in Catalonia – to go hand in hand with the legislative advances, which will allow them to continue growing, as well as continue offering services and valuable products to their users and consumers.
Technology companies are aware of this situation and, currently, billing and accounting players play a key role before tax authorities, which are increasingly demanding and rigorous. To this day, in Spain there are more than 200,000 users billing software and 60,000 properly equipped accountants.
In this sense, Quipu is currently positioned as a key player in this transition; Because él SaaS software enables effective tracking of data in real time, él is able to improve reporting and help save time in accounting processes and operations.
A beneficial alliance for the Spanish business fabric
Founded in 2013, Quipu is a company in full expansion that offers a SaaS solution that includes pre-accounting, payment, billing and bank synchronization.
With the merger, both companies will benefit from their extensive expertise and they will bring to the Spanish business fabric new solutions adapted to the needs of SMEs.
Roger Dobaño, founder and CEO of Quipu, points out that “andhis partnership with Sellsy has been an obvious choice for Quipu, both in terms of solution and market. The products complement each other perfectly and constitute a unique offer for SMEs, allowing us to offer a complete solution in our markets. Through this merger, we believe that there is an opportunity in France and Spain to support companies in the face of upcoming regulatory changes, and the timing is perfect to ensure that we are the reference for micro-enterprises and SMEs in this field.”.
For Victor Douek, CEO of Sellsy, the partnership is “an opportunity for our two companies to combine our strengths in order to give a better response to the new needs of SMEs and to face the new demands of a market environment in constant evolution. We are delighted to be able to partner with Quipu, a company that is a leader in its market that offers a high performance solution and that has the values of transparency and benevolence that Sellsy shares”.