Unit4, a leading provider of ERP enterprise applications to the service industry, has acquired prevero, a leading provider of corporate performance management (CPM) and business intelligence (BI) solutions.
prevero (announcement here) helps more than 4000 international clients optimise their financial and operational functions, using business data to uncover deep insight and take quick action.
According to Unit4's chief executive Stephan Sieber, “We had multiple different products that covered parts of what prevero can do, but they were never as strong and complete. We can now offer a 360° decision-making platform supporting all business areas. The whole FP&A discipline is something that goes across different areas of the business, and we never had such a complete offering."
prevero enables business leaders to align strategy, finance and operations by making smart decisions in every part of their business. Strong CPM and BI offerings complement Unit4’s self-driving business solutions for services organisations, enabling customers to model service delivery around insightful strategic and operational data. Key capabilities of the prevero suite include:
• Predictive analytics and business insights
• Modelling and simulations
• Ubiquitous access to information via in-memory technology
• Corporate-wide collaboration and planning
• Pre-built content for CxO offices and specific verticals
Unit4 and prevero share a focus on delivering powerful industry-specific solutions. Together the companies will focus on extending the functionality and delivering pre-built content for Unit4’s key verticals including education and professional services.
prevero is a market leader in the field of CPM and BI, recognised as a visionary in Gartner’s Magic Quadrant for strategic CPM suites for the past three years. The solution will be available both standalone and integrated into Unit4’s People Platform technology foundation, delivering customers leading performance management technology with native integration to Unit4’s people-centric enterprise solutions.
Sieber said, “As services organisations face increasing pressure to drive organisational transformation across all functions, CPM and BI are critical to successful strategy execution. 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. The combination of Unit4 and prevero delivers the best performance management and the best services resource planning, designed with the latest technology to simplify the user experience and maximise productivity.”
Alexander Springer, prevero’s co-founder and chief executive, said “The combination of the two companies will deliver a market leading offering for strategic finance and other business functions, with the infrastructure and scale required for international expansion. 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 massively improve our ability to bring these capabilities to organisations globally.”
Headquartered in Munich, prevero is a privately held company with customers in 30 countries, including major organisations such as ABB, Audi, BMW, Endemol, Heidelberg, Konica-Minolta, Mercedes, SwissLife and Swisscom.