UNIT4 acquires prevero

11th July 2016

Unit4, a fast growing leader in enterprise applications for service organizations, has acquired prevero a leading provider of Corporate Performance Management (CPM) and Business Intelligence (BI) solutions. Headquartered in Munich, prevero is a privately held company with customers in 30 countries, including major organizations such as ABB, Audi, BMW, Endemol, Heidelberg, Konica-Minolta, Mercedes, SwissLife and Swisscom. 

 

 

 

prevero will fit snuggly across the entire suite of UNIT4 offerings enabling for example, financial planning on UNIT4’s financial management offerings as well as analytics on top of its transaction engines. More parochially, prevero will give UNIT4 a stronger foothold in Germany.  Prevero will benefit from access to wider markets where UNIT 4 already has a strong presence. 

It is likely that prevero will also extend UNIT4’s reach into broader areas of financial planning, especially, workforce planning which fits well with UNIT4’s service oriented and professional services offerings. 

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 and pre-built content for CxO offices and specific verticals. 

prevero is recognized 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. 

“As services organizations face increasing pressure to drive organizational 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 organizations 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 user experience and maximize productivity.” 

“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,” said Alexander Springer, prevero’s co-founder and CEO. “More than ever, services organizations are looking to optimize 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 organization. As part of Unit4, we will massively improve our ability to bring these capabilities to organizations globally.”

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