Unit4, prevero to strengthen Corporate Performance Management

Enterprise software and ERP applications provider Unit4 has acquired prevero, that delivers Corporate Performance Management (CPM) and Business Intelligence (BI) solutions to enterprises. According to Unit4, the merger will give its customers a wider offering of the applications, specifically business-centric and analytics. By joining forces, both are going to focus on delivering industry-specific solutions and expanding functionality. Moreover, prevero will cater pre-built content to Unit4’s key verticals that comprises of education and professional services. The duo aims to deliver latest technology to simplify user experience and enhance productivity. Stephan Sieber, CEO of Unit4 said:

As services organizations face increasing pressure to drive organizational transformation across all functions, CPM and BI are critical to successful strategy execution. 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,” Sieber added. prevero claims itself to be a market leader in the field of CPM and BI and it will make available its solution both standalone and integrated into Unit4’s People Platform technology foundation, delivering customers performance management technology with native integration to Unit4’s people-centric enterprise solutions.

prevero’s suite includes:

• 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

Alexander Springer, prevero’s co-founder and CEO, 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 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.