Unit4 acquires prevero; Powerful CPM and BI supports smart decision making
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. prevero helps more than 4,000 international clients optimize their financial and operational functions, using business data to uncover deep insight and take quick action.
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 organizations, 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, 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.”
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.
Unit4 is a leading provider of enterprise applications empowering people in service organizations. Unit4 delivers ERP, industry-focused and best-in-class applications. Thousands of organizations from sectors including professional services, education, public services, not-for-profit, real estate, wholesale, and financial services benefit from Unit4 solutions. Unit4 is in business for people.
About the prevero Group:
prevero provides Corporate Performance Management (CPM) and Business Intelligence (BI) solutions for planning, budgeting, forecasting, data analysis, dashboarding and reporting to support the sustainable improvement of decision-making and control for companies of all sizes. Additional prevero functionality covers financial and operational planning, project planning, HR planning, strategy planning, risk planning and financial consolidation, and the company also supports the specific needs of industries such as energy, manufacturing, finance, airports, telecommunications and the automotive sector. Headquartered in Munich with additional offices in Europe, Asia and the USA, prevero employs 150 people and maintains an international partner network. The company’s customers include ABB, Audi, BMW, Endemol, Fresenius Medical Care, Konica-Minolta, Mercedes, Swiss Life and Swisscom.
 Acquisition subject to final merger clearance.