74Software announces legal reorganization and planned transfer of Axway's French operations
Software publisher 74Software (formerly Axway Software) has announced an internal legal reorganization designed to align its legal framework with its software business portfolio model.
The operation follows the acquisition of Sopra Banking Software (which became SBS) and the name change that took place at the end of 2024.
Transfer of Axway's French operations to a dedicated subsidiary
As part of this reorganization, 74Software SA will remain the listed parent company of the Group, responsible for strategy, capital allocation, portfolio management and governance of all its software businesses.
Axway's French operational activities, currently carried out within 74Software SA, will be transferred to Axway SAS, a French subsidiary 100% owned by 74Software SA and currently without operations. They will thus be organized as a subsidiary, in line with other Group entities.
The Group conducts its activities through two major enterprise software brands, Axway and SBS, according to a business portfolio model. This reorganization aims to improve the clarity of the structure by distinguishing the responsibilities of the listed parent company from those of operational entities.
An operation by contribution, subject to AMF confirmation
The operation will be carried out by contribution to Axway SAS of assets and liabilities relating to Axway's French operational activities. In consideration of this contribution, made at book value, Axway SAS will issue new shares for the benefit of 74Software SA, without any cash payment.
This reorganization, strictly internal, does not modify the Group's strategy, consolidation scope, shareholding structure, stock market listing, governance or financial objectives. The information and consultation procedure with employee representative bodies has been completed.
The completion of the operation remains subject to confirmation by the AMF of the absence of any obligation to file a public withdrawal offer under Article 236-6 of its general regulations. Subject to this confirmation and completion of the final legal formalities, completion is expected by the end of October 2026, with retroactive effect from January 1, 2026 for accounting and tax purposes.
