Enterprise applications specialist Unit4 is buying Munich-based prevero, a provider of Corporate Performance Management (CPM) and Business Intelligence (BI) solutions.
prevero has more than 4,000 international clients, and is a privately held company with customers including organisations such as ABB, Audi, BMW, Endemol, Heidelberg, Konica-Minolta, Mercedes, SwissLife and Swisscom.
prevero's offerings aim to complement Unit4's business solutions for services organisations, enabling customers to model service delivery around insightful strategic and operational data.
"As services organisations face increasing pressure to drive organisational transformation across all functions, CPM and BI are critical to successful strategy execution," said Stephan Sieber, CEO of Unit4.
"This is particularly true for services organisations that need to find new service models and revenue streams. Through intelligent enterprise solutions they can become more strategic and ensure efficiency and excellence in execution."
Alexander Springer, prevero's co-founder and CEO, added: "More than ever, services organisations are looking to optimise the performance of their often over-complex financial planning, budgeting and forecasting processes.
"They are also looking to drive that same kind of insight down to all facets of the organisation. As part of Unit4, we will improve our ability to bring these capabilities to organisations globally."
http://www.unit4.com/about/news/2016/07/unit4-acquires-prevero