CENIT broadens SAP portfolio and expands presence in North America
Stuttgart, July 18, 2024 – Following a series of mergers and acquisitions in Europe, CENIT Group is now expanding its presence in North America: Effective July 18, CENIT is assuming a 60 percent stake in the US company Analysis Prime – a global leader in SAP planning and analytics. With this acquisition, CENIT Group is diversifying its SAP business and achieves a major input of expertise in the SAP Analytics Cloud (SAC) field.
The acquisition marks the beginning of a pioneering innovation partnership for SAP cloud planning and analytics. Pursuing its consistent growth strategy, CENIT Group is acquiring a 60 percent share majority in Analysis Prime. The Chicago-based company, established in 2018 and currently employing 72 staff, specializes in four competency fields related to planning and analysis of key business processes based on the SAP architecture, including the SAP Analytics Cloud, SAP Profitability and Performance Management, SAP Datasphere as well as SAP Group Reporting. With a record of more than 300 projects implemented worldwide and a wide variety of clients including US blue-chip companies, Analysis Prime is a global frontrunner in SAC expertise.
End2end SAP solution provider
The merger with Analysis Prime complements CENIT’s wide SAP solution portfolio and boosts the expertise of its analytics & planning segment. It is the next step toward the company’s goal of becoming a leading global provider of end2end SAP consulting, aided by proprietary SAP integration and add-on products. CENIT Group’s SAP knowhow covers the entire range of relevance, from classic SAP ERP topics and S/4HANA transformation to SAP PLM, SAP analytics in finance & controlling and on to IOT and AI applications.
“By acquiring Analysis Prime, we are not only welcoming a proven SAP analytics expert to the Group – we are also diversifying our SAP competency and expanding our presence in North America. Together with Analysis Prime, we as a Group will also become an SAP partner who can act as a single source for PLM, ERP and analytics solutions for highly scalable, digitalized end2end processes – whether cloud-based, hybrid or on-premises”. Peter Schneck, CENIT CEO
Active path to growth
In taking this joint path, CENIT and Analysis Prime plan to build on synergy and expansion: The companies will pursue an active path based on shared resources and expertise that will boost SAP capabilities throughout the Group. The joint venture is thus entirely in line with CENIT’s 2030 strategy, aimed at an annual sales total of around € 300 million by the year 2025.
In addition to its established offices in Auburn Hills, MI, CENIT Group now gains a further US presence in Chicago and Philadelphia. The locations will collaborate closely to exploit new client potential for solutions regarding the SAP ecosystem and the wider CENIT portfolio.
“We view our merger with CENIT Group as a perfect fit from a technology as well as a business perspective: The SAP analytics knowhow of CENIT subsidiary ISR AG is an ideal complement to our expertise and lets us develop joint high-profile solution scenarios in the SAP analytics & planning sphere. Additionally, our access to CENIT’s software solution portfolio for PLM, AI and cloud applications offers us strategic upselling and cross-selling opportunities in North America and especially in Europe. This benefits CENIT and Analysis Prime equally.” Graylin Johnson and Paul Davis, Managing Partners at Analysis Prime
Janet Tran, Partner at Analysis Prime adds, "The merger also strengthens our strategic partnership with SAP and will make us the leading global provider of SAP analytics solutions.”
Like all CENIT Group subsidiaries, Analysis Prime will continue to trade as an independent legal entity, administrated by the then and now Managing Partners Graylin Johnson and Paul Davis. The name suffix “a CENIT Company” will signify Analysis Prime’s new corporate affiliation and the financial strength, market presence and future prospects it derives from membership in CENIT Group.
CENIT
CENIT empowers sustainable digitalization. With a broad solutions and services portfolio, CENIT enables clients to optimize their horizontal and vertical business processes. Our solutions are based on innovative technologies in: product lifecycle management, the digital factory, and enterprise information management. With interdisciplinary knowledge of the processes involved and their considerable expertise in the field, CENIT consultants provide customers with end-to-end advice to ensure that solutions are implemented with an understanding of the entire value chain.
With a holistic approach and based on trusted partnerships, CENIT takes responsibility for solutions on behalf of our clients. From the initial consultation to the introduction of innovative IT solutions, right through to ensuring a cost-effective operation. The CENIT team adapts to each client, taking a practical approach, which enables measurable operational optimizations. CENIT has been helping prestigious customers in key industries to gain competitive advantages for 30 years.
CENIT has round 900 employees worldwide who work with customers from: automotive, aerospace, industrial equipment, tool and mold manufacturing, financial services, and trade and consumer products industries. www.cenit.com
Press Contact CENIT AG Swetlana Isaak Principal Communication Manager Industriestraße 52-54 70565 Stuttgart, Germany Tel.: +49 711 7825-3200 Email: s.isaak@cenit.com
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Analysis Prime
Analysis Prime is an SAP Gold Partner headquartered in North America and THE SAP Planning and Analytics company that is primed for the Digital Transformation age. We were founded with the principles of cloud, digital, time-to-value, and as-a-service, from the ground out. Fashioned out of the knowledge of some of the industry’s most experienced leaders, Analysis Prime is all about relationships not projects, about value not price, and about making expertise available to our customer base in service of maximizing the value of their investments in people, processes, and systems.
Analysis Prime brings 20+ years of expertise in Planning, Analytics, and Technology. Our modern approach recognizes that companies need a Hive Mind of real experts with knowledge across integrated solutions, with deep functional and industry wisdom.
Marketing Contact
Analysis Prime Logan Welischar Marketing Manager
Tel: 215-995-3177
Email: lwelischar@analysisprime.com
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