WALLDORF, Germany, Nov. 6, 2017 /PRNewswire/ -- The company REALTECH AG will sell its American subsidiary REALTECH Inc. USA. The supervisory board approved the selling agreement. The Management Buy-Out will be effective on 31 October 2017. As signed 30 October 2017, the American subsidiary will be taken over by the local managing director. Furthermore, the negating partners agreed upon a reseller-agreement. This agreement concerns the existing software solutions and allows continuity in selling and support to American software solution customers in the United States.
REALTECH has proven expertise and many years of experience in the Software and Consulting industry. Our employees work closely with the customer to drive value with IT solutions. With two business divisions that perfectly complement each other - technological IT consulting and software products for SAP change and release management - REALTECH supports companies of all sizes along the value chain. REALTECH relies on a dual business mode of providing both software products and consulting services to ensure that our customers will always benefit from the most up-to-date expertise in the latest technologies. This applies particularly to our deep knowledge and understanding of technology that spans from the network to the most complex SAP applications.
By closing the deal, REALTECH US remains a strong player in the SAP market focusing on SAP migrations to the cloud along with superior SAP add on products such as Smartchange which helps customers automate their change and release management processes.