In addition to these acquisitions, Adonix also acquired Meta4 in 2003. Founded in 1991, Meta4 has more than 900 clients in 18 countries and its solutions manage 4.5 million people across three continents. The company offices, with over 400 employees, are located in Barcelona, Buenos Aires, Lisbon, Madrid, Mexico City, Santiago de Chile, and Paris. It is one of the worldwide leaders in payroll and human and intellectual capital management (HICM) solutions, which aim at maximizing the user organization's knowledge potential for support business and increasing productivity, streamlining organizations efficiently, and providing them with greater competitive edge. The transaction took place through the purchase of the operating companies, Meta4 Spain S.A., all its subsidiaries, and Meta4 France S.A.
With the acquisition of Meta4, (with reportedly more than 45 percent market share in Spain), Adonix has consolidated its position as a leader in Southern Europe, expanding the group's offering to include best-of-breed payroll and HR/HICM solution, and it has entered the Latin American market. Totally self-financed, the agreement for the acquisition was entirely in line with Adonix' growth strategy to maximize functional and technological synergies in the development of business management software. With ABEL, a specialist of fixed assets management that was acquired in 2002, and Meta4, Adonix has broadened its historical expertise and geographical coverage, to become a credible partner for larger organizations. In return, the acquisition has allowed Meta4 to continue to develop more sophisticated solutions, and its customer has experienced little change in service.
With the acquisition of Meta4, (with reportedly more than 45 percent market share in Spain), Adonix has consolidated its position as a leader in Southern Europe, expanding the group's offering to include best-of-breed payroll and HR/HICM solution, and it has entered the Latin American market. Totally self-financed, the agreement for the acquisition was entirely in line with Adonix' growth strategy to maximize functional and technological synergies in the development of business management software. With ABEL, a specialist of fixed assets management that was acquired in 2002, and Meta4, Adonix has broadened its historical expertise and geographical coverage, to become a credible partner for larger organizations. In return, the acquisition has allowed Meta4 to continue to develop more sophisticated solutions, and its customer has experienced little change in service.
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