Following a series of mergers and acquisitions in Europe, CENIT Group is now expanding its presence in North America with a 60% stake in U.S. company Analysis Prime—a global leader in SAP planning and analytics.
With this acquisition, CENIT Group is diversifying its SAP business and achieves a major input of expertise in the SAP Analytics Cloud (SAC) field, according to the vendor.
The acquisition marks the beginning of a pioneering innovation partnership for SAP cloud planning and analytics, according to the vendors.
Analysis Prime LLC, the Chicago-based company, established in 2018 and currently employing 72 staff, specializes in four competency fields related to planning and analysis of key business processes based on the SAP architecture, including the SAP Analytics Cloud, SAP Profitability and Performance Management, SAP Datasphere as well as SAP Group Reporting. With a record of more than 300 projects implemented worldwide and a wide variety of clients including U.S. blue-chip companies, Analysis Prime is a global frontrunner in SAP expertise.
The merger with Analysis Prime complements CENIT’s wide SAP solution portfolio and boosts the expertise of its analytics and planning segment. It is the next step toward the company’s goal of becoming a leading global provider of end-to-end SAP consulting, aided by proprietary SAP integration and add-on products.
CENIT Group’s SAP know-how covers the entire range of relevance, from classic SAP ERP topics and S/4HANA transformation to SAP PLM, SAP analytics in finance and controlling, and on to IOT and AI applications, according to the vendor.
“By acquiring Analysis Prime, we are not only welcoming a proven SAP analytics expert to the Group—we are also diversifying our SAP competency and expanding our presence in North America,” said Peter Schneck, CENIT CEO. “Together with Analysis Prime, we as a Group will also become an SAP partner who can act as a single source for PLM, ERP and analytics solutions for highly scalable, digitalized end2end processes – whether cloud-based, hybrid or on-premises”.
In taking this joint path, CENIT and Analysis Prime plan to build on synergy and expansion. The companies will pursue an active path based on shared resources and expertise that will boost SAP capabilities throughout the Group. The joint venture is thus entirely in line with CENIT’s 2030 strategy.
In addition to its established office in Auburn Hills, MI, CENIT Group now gains a further U.S. presence. The two locations will collaborate closely to exploit new client potential for solutions regarding the SAP ecosystem and the wider CENIT portfolio.
The name suffix “a CENIT Company” will signify Analysis Prime’s new corporate affiliation and the financial strength, market presence, and future prospects it derives from membership in CENIT Group.
For more information about this news, visit www.cenit.com.