PeopleCert, a company offering assessment and certification of professional skills to organizations worldwide, hit the €1.1 billion market valuation, thus becoming the first Greek company to reach a unicorn status, according to startupper.gr. The news follows after PeopleCert acquired AXELOS, a JV between the British government and FTV capital, for €450 million.
To finance the transaction, the company issued a €300 million bond. The remaining funds were covered by FTV Capital through equity, after they acquired a minority stake (20%) in PeopleCert.
Last year, PeopleCert also acquired the International Association for Six Sigma Certification (IASSC), the American professional certification company serving global organisations from Amazon, to the Arizona State University and the United States Army.
Despite plans for further internationalization, the company’s headquarters and main production core will remain in Greece. Furthermore, following the acquisitions, PeopleCert will open further local positions for highly-trained science talent. The team already counts over 700 employees, an increase from 500 at the beginning of 2021 and 300 at the beginning of 2000. Between 80-85% of employees are based in Greece.