SNP Schneider-Neureither & Partner SE has signed an agreement to acquire 100 per cent of the shares in Datavard AG. The software and consulting company with around 170 employees specialises in transformations and data management in SAP landscapes and generated total revenues of around EUR 17.6 million in the 2020 fiscal year. The initial consolidation is expected to take place on August 1, 2021.
The acquisition of Datavard AG plays an important role in the implementation of SNP’s platform strategy, which allows companies to generate maximum value from their data transformation using just one software solution.
Gregor Stöckler, co-founder and CEO of Datavard AG, will join the Board of Managing Directors of SNP SE as the new Chief Operating Officer (COO). He will be responsible for the sales regions USA and UK-Ireland as well as globally for analytics, platform strategy, technology partners and partner marketing.
Michael Eberhardt, CEO, 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.”.
Datavard has been active in the market for over 20 years and focuses on transformations and data management in SAP landscapes. In the area of transformation, Datavard supports companies in migrating to SAP S/4HANA, modernising their analytics and data warehouse landscape, and carrying out mergers and acquisitions, carve-outs, and company splits. In the area of data management, Datavard offers solutions for data lifecycle management, business intelligence and analytics, and innovative cloud connectivity solutions that enable SAP customers to integrate and utilise SAP data in applications for artificial intelligence (AI), machine learning, and the Internet of Things (IoT). Over 50 of the Global Fortune 500 and numerous DAX 30 companies are Datavard customers. In addition, the company has an outstanding partner network consisting of national and international players such as Accenture, AppDynamics, Google, Microsoft, SAP and more.
Gregor Stöckler, founder and CEO, Datavard AG, said, “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. SNP and Datavard have known and appreciated each other for many years as competitors and as partners. In addition, we are successfully collaborating in the “SAP S/4HANA Selective Data Transition Engagement” working group. Together, we will be able to support our customers and partners in their digital transformations even better.”
In addition to its headquarters in Heidelberg, Datavard has two large locations in Slovakia and a strong location in Switzerland. Furthermore, Datavard is also represented in the USA and Singapore in the Asia Pacific Japan region.
Prof. Dr. Heiner Diefenbach, CFO, SNP SE, said, “We are looking forward to welcoming the new employees, who will strengthen and expand our core business.” .
Gerald Faust, Managing Director and CEO, Asia Pacific and Middle East, SNP Transformations SEA Pte Ltd., said, “We are enthused about unifying our capabilities for end-to-end data migration offerings for the SAP eco-system in the strategic and fastest growing Asia Pacific Japan region. Our software platform centric and cultural synergies make us a leading provider for digital data transformation and data management resonating across all major markets.”