Enterprise applications provider Unit4 has acquired prevero - a Corporate Performance Management (CPM) and Business Intelligence (BI) solutions provider.
In a joint press statement, Unit4 and prevero said they will focus on extending the functionality and delivery of pre-built content for key verticals of Unit4 such as education and professional services.
"The combination of the two companies will deliver an offering for strategic finance and other business functions, with the infrastructure and scale required for international expansion," said Alexander Springer, co-founder and CEO of prevero.
prevero's suite include predictive analytics and business insights, modelling and simulations, access to information via in-memory technology, pre-built content for CxO offices and specific verticals, and collaboration and planning.
prevero's solution will also be available both standalone and integrated into Unit4's People Platform technology, which provides management technology to customers with native integration to its people-centric enterprise solutions.
According to Stephan Sieber, CEO of Unit4, CPM and BI play a critical role to successfully drive organisational transformation across all functions. "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."
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