SNP SE Acquires SAP Cloud Consulting Partner Datavard
German software solutions provider Schneider-Neureither & Partner SE (SNP SE) has acquired SAP cloud consulting partner Datavard AG from Marondo Capital. Financial terms of the deal were not disclosed.This is technology M&A deal number 482 that ChannelE2E has covered so far in 2021.
SNP SE Acquires Datavard to Advance Platform Strategy
Datavard customers migrate to SAP S/4HANA. Areas of expertise include data life cycle management, business intelligence, analytics and data warehousing, and assisting mergers and acquisitions, carve-outs and company splits.Datavard’s approximately 170 employees will tuck into SNP. Datavard is headquartered in Heidelberg, Germany. The company also has two large locations in Slovakia and a location in Switzerland as well as a presence in the United States.SNP SE, founded in 1994, has 1,600 employees. The company's software helps customers to automate data migrations. SNP SE is headquartered in Heidelberg, Germany, and generated revenue of around EUR 144 million in the 2020 fiscal year.
SNP SE Acquires Datavard: Executive Insight
Michael Eberhardt, CEO, SNP SEIn a prepared statement about the deal, Michael Eberhardt, CEO of SNP SE, said:
“With this acquisition, we are expanding our software portfolio to include Datavard’s solutions in the areas of SAP data management and analytics. In both the software and the consulting business, the two portfolios complement each other perfectly. Until now, SNP and Datavard have acted as competitors and partners in the market; in the future, we will use the newly gained strength from the merger of both companies to serve our customers and partners even more comprehensively.”
Gregor Stöckler, founder and CEO of Datavard, added:
“We are very pleased to now be a part of the market leader for data transformation software solutions in the SAP world. It opens up many new opportunities for our employees, customers and partners.”
SAP Partner Mergers and Acquisitions
Mergers and acquisition activity in the SAP partner ecosystem has remained steady over the past three years. Key buyers have included global systems integrators, consulting giants and MSPs like Accenture, Capgemini, Deloitte, Dimension Data, HCL, IBM and NTT Communications.The goal, in many cases, involves a regional or talent land grab — designed to help end-customers accelerate migrations from on-premises applications to cloud-based SAP options across ERP (enterprise resource planning), CRM (customer relationship management), HANA and more.A full list of SAP Partner-related deals can be found here.
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