Tag Archives: ERP

Nagarro expands local presence in Austria with the acquisition of ANECON GmbH

VIENNA, Jan-25-2018 — /EuropaWire/ — Vienna, January 8, 2018: Exactly 20 years after the formation of ANECON GmbH, founders Johannes AdlerHannes Färberböck and Hans Schmittake the next step towards securing the future of their company with the integration of ANECON into Nagarro. While Nagarro expands local presence in Austria with this acquisition, ANECON strengthens its expertise and service portfolio.

According to the agreement, the successful Austrian IT company will be incorporated under the Nagarro umbrella. The founders have set the course not only for further growth in terms services and size, but also for the company’s future. ANECON is an owner-operated company, but is not a family business. “The question of how we can make ANECON future-proof has been on our minds for years. With our integration with Nagarro, we have found an optimal solution for our life’s work in terms of content, structure and mindset,” says Hannes Färberböck, ANECON co-founder and management board member.

With effect from January 1, 2018, Nagarro Austria will hold 100 percent of the company’s shares, subject to merger control approval. The founders and current shareholders will actively participate in the management of the company. All ANECON employees will become part of Nagarro, adding to the manpower that can cater to increasing market demands.

Damianos Soumelidis, Managing Director of Nagarro Austria, is convinced: “The merger catapults both companies into a new league. With more than 200 top people in Austria, plus 4,500 Nagarro experts worldwide, we can deliver scalable IT services and innovation at a consistently high level. This combined model of local strength and international shoring is unique in Austria.”

SOURCE: EuropaWire

Frankfurt Partners Publish its Newest SaaS Valuation and Metric Research Report

Business Consulting firm Frankfurt Partners (www.frankfurtpartners.com) released the third edition of its biannual Software as a Service (SaaS) Valuation and Metric Report. SaaS remains a relatively new business model but it has a great potential for growth. As of 2010, it is estimated to have reached less than 20% of its potential market.

The largest proportion of SaaS customers so far are SMEs and medium-sized companies with relatively little break-through into the enterprise market. However, the level of adoption by enterprises is starting to increase rabidly. By the end of 2010, 80% of U.S. organizations will use at least one SaaS-delivered application for business use.

“The M&A Activities have picked up in the last 12 month as a array of companies are seeking to capitalize on the rising demand for SaaS solutions and trying to position themselves as a strategic player in the SaaS market”, says Rene Meister. “Given the attractive characteristics of SaaS companies from a financial perspective (i.e. strong growth, revenue visibility), it is not surprising that M&A activity for SaaS vendors has been strong.”

This report includes extensive benchmarking data about the SaaS Market. It is an invaluable resource for metrics and benchmarks for running a business based on the SaaS business model.

Reports key findings:
•Although many more companies are entering the SaaS market, most of these are providing SaaS as an extension to their existing product line.
•With a total asset value of $2,460 million stated in its end 2009 balance sheet, Salesforce is more than three times the size of its nearest rival.
•SaaS providers require around 50-70% more capital than traditional software companies before they achieve a positive cash flow.
•Pure play SaaS providers are the most valuable out of 23 categories of software companies.
•Mergers and acquisition valuations have generally fallen from an average of 6.2 times revenue in 2007 to 5.3 times in 2010. Overall Deal sizes have been fallen too.
•Successful pure play SaaS providers such as Netsuite and Salesforce.com are valued much higher then companies that still have traditional business models.

Via EPR Network
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