Business technology provider Unit4 has acquired prevero, a leading provider of corporate performance management (CPM) and business intelligence (BI) solutions. CPM business prevero has helped more than 4,000 international clients optimise their financial and operational functions, using business data to uncover deep insight and take quick action.
The deal should 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.
Nicky Cox, transformation – managing partner at digital services provider Agilisys, said the deal was a good strategic move for Unit4.
“Unit4 Business World has been looking to develop in this area for a long time – having the in-memory capabilities will be a huge bonus and mirror the likes of Qlikview. prevero should give UBW the ability to compete with the Collaborative Planner product from Advanced Systems – the challenge will be getting the price point right,” said Cox.
“As services organisations 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 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 user experience and maximise 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 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.”