Tech services provider Centiq has been bought by the international SoftwareONE group.
Centiq, which was founded in 1998 in Nottingham, provides data processing systems and products to clients across the UK.
SoftwareONE group, which is headquartered in Switzerland, provides software and cloud technology services to more than 65,000 clients in 90 countries.
The cross-border transaction is part of a strategy by SoftwareONE to create a leading end to end SAP (systems, applications and products) services provider on a global scale.
The acquisition will also give Centiq the chance to broaden its service offering and the current leadership team and employees will join SoftwareONE.
Centiq chief executive Matt Lovell said: “This is a fantastic opportunity for Centiq and SoftwareONE, two market leaders in their respective fields that have a fresh and innovative approach to digital transformation to unite and build an even stronger global presence in the SAP software space.
“The integration into SoftwareONE’s global SAP Centre of Excellence enables our team to deliver even greater customer success and value, now with multi-lingual, follow-the-sun support.
“Joining SoftwareONE also further enhances our strategic alliance with Microsoft, amplifying our capabilities and putting Centiq in a stronger position to meet the ever-increasing needs of the market. On this occasion I would also like to thank LDC for their long-term support in helping us build the market-leading business Centiq is today.”
Daniel Da Vinci, global practice leader of SoftwareONE SAP Services practice said: “We are thrilled to welcome Centiq to the SoftwareONE organization.
“Through this acquisition, we are continuing to strengthen our global SAP Services practice and extending our reach in the EMEA market.
“Centiq’s incredible capabilities will equip our customers with the skilled guidance and solutions required to migrate to the cloud.
“In addition to the proven capability we are now adding to our global SAP Services practice, I am also greatly impressed by Matt and his leadership team. Centiq is a purpose-driven organization, and so are we; their collaborative approach and strong focus on delivering excellence makes them a perfect fit.”
The corporate finance team at Nottingham-based law firm Browne Jacobson’s advised on the deal, led by private equity partners Mark Hughes and Gavin Cummings, helped by senior associate Rachel McDonald, associate Matt Bolton, associate Rebecca Burge and trainee solicitor David Burdon.
Mark Hughes said: “We are delighted to have supported this exciting cross-border transaction for a local business.
“This transaction will help both Centiq and SoftwareONE achieve their core ambition of being a key global player in the SAP software sector and presents opportunities for further growth and enhancement of its innovative software and cloud tech solutions services.”
