French business software provider Cegid and payroll and human-resources platform Silae plan to merge in a tie-up valued at €10 billion ($11.6 billion), according to the new report. Silver Lake, the private equity firm that is the majority owner of both companies, will retain majority control of the combined group. Newly appointed CEO Christian Pedersen will lead the business, with completion expected in the first half of 2027. The deal comes during a choppy 2026 for software companies, amid concerns that rapid artificial-intelligence development could affect the sector. The existing record described the proposed valuation as more than €10 billion and cited an exchange rate of $1 to €0.8601.