LONDON, January 15, 2015 /PRNewswire/ --
Edison Investment Research, a leading international investment research firm, announces the initiation of full coverage of SNP Schneider-Neureither & Partner (ETR:SHF), a software and consulting business based in Heidelberg, Germany, which helps enterprises to transform their ERP (enterprise resource planning) systems.
Highlights of the analysis on SNP by Edison's Technology analyst, Richard Jeans, include:
SNP's Transformation Backbone (T-B) software platform is the only off-the-shelf software solution that automates the process of combining, upgrading, or carving out data from ERP systems. T-B speeds up the transformation process, reducing consultant days and improving quality. SNP's focus has been on SAP systems (26% of ERP software market), but recently it has expanded to Oracle (12% market share) through the acquisition of GL Consulting and a key focus is to broaden T-B's software capabilities to handle any-to-any transformations.
In December, SNP announced that it intended to acquire RSP Reinhard Salaske & Partner Management Consultants, a specialist German management consultancy. The acquisition will expand the group's range of strategy- and process-related consultancy services, while also significantly extending its value chain in the corporate transformation market.
Edison is forecasting average annual revenue growth of 17% between 2013 and 2016, before including the RSP acquisition. Edison forecasts margins to recover strongly on the back of current high consultant utilisation rates, growth in high-margin software sales, both directly and via a partner network, and the evolving any-to-any strategy.
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For more information please contact:
Richard Jeans, Edison Investment Research, +44-(0)20-3077-5700
Dan Ridsdale, Edison Investment Research, +44-(0)20-3077-5729
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SOURCE Edison Investment Research