Imagine Human, a software publisher, is an international group specializing in “impact technologies” that address the major economic, social, and environmental challenges currently facing private and public companies. It develops and provides companies with a comprehensive range of solutions in more than 40 countries to improve Quality, Health and Safety at Work, the Environment (QSE) and Corporate Social Responsibility (CSR) governance.

Qualnet® is a French software publisher founded in 1997 and recognized for its Intraqual software suite, dedicated to the digitization of quality management systems. Its no-code solutions enable private and public organizations to digitize their quality processes, strengthen regulatory compliance, and improve operational efficiency through customizable and collaborative workflows.

The Imagine Human group is owned by its managers and has been supported since 2024 by Extens, a leading European investment fund dedicated to healthcare software publishers, which invests in high-potential tech companies.

With this new acquisition, the Imagine Human Group:

• Enriches its QSE offering with Qualnet® and its Business Process Management solutions, which enable the customized digitization of Quality, Safety, and Environment processes.
• Increases its industrial development capacity in terms of innovative solutions.
• Strengthens its expertise and sector experience in serving the needs of customers regardless of their size or geographical location.

Akao, a French expert in flow automation and digitalization, joins Sage, a leader in accounting, financial, HR, and payroll technologies for small and medium-sized enterprises (SMEs). This sale, advised by Largillière Finance, enables Sage to strengthen its position in a market profoundly transformed by the arrival of electronic invoicing in September 2026.

Akao is a long-standing partner of Sage as an Independent Software Vendor (ISV), serving more than 2,700 SMEs and mid-market companies and processing over 100,000 invoices per day. The Akao solution covers the entire invoicing lifecycle, from receiving and processing supplier invoices to issuing customer invoices. It enables companies to simplify and digitalize their operations, strengthen their internal controls, and improve their productivity and the visibility of their financial process by leveraging a comprehensive workflow engine and document management capabilities.

As technological innovations accelerate and the electronic invoicing reform draws closer, companies must reach a critical milestone in their digital transformation. Indeed, according to a recent study by Sage, only one in four SMEs feels ready to tackle these changes, despite the significant impact expected on their financial processes. Akao’s AI-based SaaS solution provides a concrete response to these challenges by combining accounting automation, document digitalization, digital archiving, compliance, and comprehensive process management—offering companies a reliable and fully digitalized environment to manage their invoicing flows.

“Millions of businesses in France are adapting to prepare for the electronic invoicing reform. By joining forces with Akao, Sage is uniquely positioned to support companies through this crucial transition, helping them to easily maintain compliance while reaching new levels of efficiency, traceability, and growth,” says Arnaud Petit, Managing Director, Sage Southern Europe.

This transaction is fully aligned with ARMONIA’s growth strategy, with a clear objective: to enhance the employee experience, create new drivers of attractiveness for companies, and accelerate the roll-out of human-centric, purposeful, and committed hospitality, at the heart of new working practices.

Founded over 20 years ago, ENFIN LUNDI currently operates more than 80 service areas across France, mainly in the Île-de-France and Lyon regions, supported by a workforce of nearly 90 employees. The company supports major accounts and key players in the commercial real estate sector in the evolution of their work environments, in order to meet the growing expectations of both employees and prospective candidates.

ENFIN LUNDI has developed a comprehensive offering combining corporate concierge services, hospitality management, and digital services, all designed to improve quality of life at work and the employee experience.

With this acquisition, ARMONIA is pursuing a clear strategy of internalizing high value-added expertise. Previously largely outsourced, expertise in concierge services and phygital hospitality is now becoming an essential pillar of the Group’s offering. This integration will strengthen commercial synergies, broaden the range of solutions offered to customers, and enable the co-development of new services focused on quality of life and working conditions (QLWC), hospitality, and the workplace.

The management teams at ENFIN LUNDI are fully commited to the project and will support ARMONIA throughout a gradual integration phase, ensuring operational continuity, knowledge transfer, and cultural alignment.

This transaction was carried out with the support of LARGILLIÈRE FINANCE as financial advisor to the sellers, namely GROUPE LA POSTE, through its subsidiary LA POSTE SANTE & AUTONOMIE, and the management of ENFIN LUNDI.

This alliance combines Pixis’s sectoral, strategic, and operational expertise with TNP’s integrated transformation capabilities: a comprehensive consulting model covering all transformation challenges, from strategy to artificial intelligence, within a secure, compliant, and innovative framework

A natural alliance built on a shared result-oriented culture

Founded in 2005, Pixis Conseil has established itself as a recognized partner of major French and European brands, thanks to its 360° approach to transformation: strategy, offering, customer relations, supply chain, digital, and omnichannel.

Addressing new retail and consumer challenges together

Players in the retail, luxury goods, and fast-moving consumer goods (FMCG) sectors are currently facing profound change: rapidly evolving purchasing behaviors, a search for meaning and transparency, expectations of sustainability, and the widespread adoption of omnichannel retailing. The TNP–Pixis merger will enable us to support brands in five key areas:

• Adapting historical models to today’s consumption challenges.
• Optimizing supply and operations through data and artificial intelligence.
• Strengthening supply chain resilience in the face of cost, time, and environmental constraints.
• Rethinking customer journeys to create a seamless, personalized, and responsible experience.
• Accelerating digital and regulatory transformation by securing practices and fostering compliance.

Originally created 70 years ago as a magazine, Groupe Campus acts as the link between brands and students (18-25 years old) across the entire French national territory. The agency offers 360° communication devices, thanks to exclusive partnerships with over 800 campuses and 1,000 student associations. It designs tailor-made communication plans for each client, adapted to their needs and issues, through physical touchpoints (events, festivals, pop-up campuses & trade shows…) or digital solutions (visibility or display solutions).

Based in Bagnolet (Paris region), Campus employs 26 people and generated revenue of over €4 million in 2024, with sustained growth of +20%. Its prospects are promising, driven by the loyalty of major accounts (tech, banking, consumer goods, digital, national education players, etc.) and the expansion of its customer portfolio.

Strong synergies with the activities of the Centre France group

Founded in Clermont-Ferrand with the creation of the newspaper La Montagne in 1919, the Centre France press group publishes newspapers, including eight daily and nine weekly titles. Its 1,448 employees are spread across a dozen activities, including events, advertising, media solutions, consulting, and training, generating revenue of €158 million.

This acquisition of a stake paves the way for national expansion, in coherence with the group’s events activities (ESJ PRO, themed trade shows…). It marks a new milestone in the group’s diversification strategy and will enable the development of new offerings.

Campus retains its DNA and management team

The original founders of Campus remain at the helm to maintain and develop the teams’ expertise.

Campus recently orchestrated a tour across 45 campuses and collaborates with brands such as Deezer, Dailymotion, and Asus.

Supported by Naxicap Partners, which acquired a stake in the company at the end of 2023 during a majority LBO, Solutys accelerates its transformation and expands its service offering with the simultaneous acquisition of two complementary companies:

• Nedap France, a specialist in RFID identification, access control, and security for sensitive sites and retail, ANSSI-certified, operating in France, Germany, Switzerland, and Morocco, generating annual sales of over €50 million and employing 160 people.

• Rayonnance, a software publisher of traceability and professional mobility solutions, recognized for its proprietary software suites and recurring revenue model, generating annual sales of over €35 million and employing 90 people.

Following these acquisitions, Solutys has reached critical mass with consolidated revenue of more than €135 million, with a substantial portion coming from recurring earnings, and now unites more than 370 employees across four countries.

With a diversified client portfolio — SMEs, mid-sized companies, and large corporates — in sectors such as industry, transport and logistics, retail, healthcare, and defense, the Group leverages technological and sector synergies to offer a complete “one-stop-shop solution”: business software publishing, hardware and software integration, cybersecurity, access control, mobility, and managed services.

Founded in 2019, Imagine Human, a publisher of software dedicated to Quality, Safety/Health at Work and the Environment, is an international “impact technology” group responding to the major economic, social and environmental challenges currently facing private and public companies. The Group is owned by its managers and by Extens, a leading French investment fund dedicated to healthcare software publishers, which invests in high-potential tech companies. Since early 2024, Extens has been supporting the Group in its ambition to become a leader in the QHSE and CSR market segment.

Connected to all of a company’s stakeholders, Fletchr® is a tool dedicated to CSR strategy management and ESG reporting, designed for organizations wishing to digitize their processes and facilitate the preparation and publication of non-financial reports. With its intuitive collaborative interface, the solution enables organizations to optimize the management of all ESG reporting tasks in a single space, across a wide range of standards, and with no user limits.

Two months after integrating Qualipro® (quality management), Imagine Human is expanding its range of software solutions with Fletchr® and strengthening its market position. Already recognized for its simple, innovative, and reliable digital solutions, the Group now delivers a unique offering that combines complementary functionalities with international reach.

Imagine Human is now the only player to provide companies in 40 countries with a complete range of QHSE and CSR solutions through Winlassie®, Qualipro®, and Fletchr®.

Founded in 1990, Groupe BSL is a security company specializing in risk management and prevention for the security, surveillance and guarding of goods and people. The Group covers the whole of France via 4 main agencies, and offers a complete range of services including security, surveillance, protection, intervention and fire safety for key accounts in the luxury goods, hotel, distribution, tertiary, transport and logistics sectors. With a workforce of 2,000, the BSL Group is growing fast.

Based in Isneauville, near Rouen, and founded in 2003 by Stéphane Chergui, Atlas Sécurité Privée is Normandy’s largest independent group in security, safety and fire safety services. Atlas provides security for industrial, commercial and tertiary sites for corporate customers (large groups and SMEs) throughout France, and for major events. The group operates through a network of 4 private security agencies (Caen, Le Havre, Angers, Nantes), and employs 1,500 people, with sales of 34 million euros.

The private security segment has been experiencing strong growth in France for several years, due to security threats, particularly the terrorist threat. The market is highly segmented and dominated by a few major players.

This acquisition will enable the BSL Group to become one of the leading mid-sized players, and to position itself in new markets.

In addition to geographic expansion, the merger is based on strong operational and commercial synergies, underpinned by complementary customer portfolios and a shared corporate culture founded on proximity and responsiveness.

This acquisition is also in line with the national development drive of Sécuralliance France, and the international expansion ambitions of the Global Sécuralliance network, of which the BSL Group is a founder.