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TMCNet:  itelligence Acquires SAP Based Business in North America from Software AG

[January 11, 2013]

itelligence Acquires SAP Based Business in North America from Software AG

Jan 11, 2013 (Close-Up Media via COMTEX) -- itelligence, a provider in the SAP small- and medium-sized business environment, has purchased, effective January 16, 2013, the operational areas of SAP consulting, license and maintenance for Software AG in and the U.S.

According to a release, with this step, itelligence U.S. expands geographically into the Ontario region of Canada and broadens its customer base in the United States, taking over the majority of approximately 50 Software AG employees. Both parties agreed to maintain confidentiality with regard to the purchase price.

Norbert Rotter, CFO, itelligence AG, said: "The U.S. business is the second largest of the itelligence group. Strategically, itelligence plans further expansion into North America. The acquisition of the former IDS Scheer business of Software AG is a unique opportunity to increase our market share and strengthen our recurring business." Steve Niesman, CEO and President of itelligence U.S., added: "Among Software AG customers are clients in the automotive, CPG and manufacturing industries, as well as young dynamic start-ups in the region. These customers will profit not only from a proven SAP leading partner, but also from the extensive service portfolio of itelligence. itelligence is opening a new branch in Toronto for the English-speaking Canadian market." Jason Mausberg, Managing Director, itelligence Business Solutions Canada, Inc., said: "We are delighted to join the itelligence family and to be a part of an organization completely dedicated to delivering the power of SAP. We are excited to bring a more complete and robust portfolio of SAP solutions to not only our valued customers, but to new prospects in Ontario as well." More information: www.itelligence.de ((Comments on this story may be sent to newsdesk@closeupmedia.com))

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