Efficy

Efficy Update: We Just Acquired 3 Companies And Reached A Turnover Of $60M

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Pierrard

Founder, Efficy

$2.1M

revenue/mo

Founders

200

Employees

Efficy

efficy.com

from Brussels, Brussels-Capital, Belgium

started January 2005

$2,100,000

revenue/mo

Founders

200

Employees

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Want more updates on Efficy? Check out these stories:

1. How We Launched A $2M/Month CRM Software (2020) ➜

This is a follow up story for Efficy. If you're interested in reading how they got started, published over 5 years ago, check it out here.

Hello again! Remind us who you are and what business you started.

Hey, I’m still Cédric Pierrard and I founded Efficy, a Belgian CRM company, in 2005.

We sell a CRM suite that is becoming more comprehensive and global. Our core target is composed of Small and Medium Businesses but our product is so flexible that it fits enterprises also or even freelancers.

We have had a lot going on lately, since the last article. For example, our turnover reached €60M. In 2019, our turnover was around €22,5M.

Tell us about what you’ve been up to. Has the business been growing?

We had a highly challenging 2021 year. We’re lucky to have a sustainable business model. Means that, even in crisis, our recurring income continues to come in. Our survival was not at stake. So, we could focus on other topics like our M&A strategy or funding.

Despite Covid times, we acquired 3 companies in 2021 and got financial support from French private equity. We acquired webCRM in Denmark, then Sorry, you need to login and/or become a member to view the rest of this content.