By Chairman & CEO Chris Ney
Today Magnitude reached another major growth milestone that continues our rapid expansion in unified application data management solutions by enhancing our support for the SAP ecosystem:
Magnitude acquired Every Angle Software Solutions
This provider of analytics software enables users of SAP-run organizations to optimize their operational performance by empowering insightful and flexible business analytics.
Our third acquisition in the past eight months – seventh in total!
This acquisition immediately expands our capabilities for delivering unified application data management in today’s highly fragmented application environment. This is a job we put front and center because by simplifying data access, management, analytics and reporting, we empower companies to realize the operational upside and efficiencies originally promised by modern business applications like SAP and Oracle.
Acquisition strengthens SAP presence and expands our portfolio
Adding Every Angle broadens Magnitude’s portfolio, strengthens our presence within the largest global ERP ecosystem (SAP has 23% market share per Gartner), and expands our global reach in Europe.
SAP’s Data 2020: State of Big Data report highlights the urgency for better enterprise data management, including the ability to unify application data. Our combined Magnitude-Every Angle portfolio addresses that need directly by empowering users to gain insights as well as identify and resolve key business issues, while hiding the complexity of SAP’s data structure. And with an eye toward the future … we’re well positioned to capitalize on the potential disruption of traditional approaches to operational insights with predictive insights.
A complementary solution set that works on any SAP system.
What Every Angle brings is a self-service solution: one that works on any SAP system (ECC and HANA) and hides the complexity of SAP’s data structures, allowing end users to quickly identify and resolve key business issues. This is highly complementary to Magnitude’s expansive SAP Application Data Management solution set, which includes agile SAP data management through Innowera, and SAP Central Finance integration, through Magnitude SourceConnect.
Most importantly, our customers can immediately benefit from the power of gaining operational access and insights to their data – an imperative for SAP business users. Our combined portfolio will deliver self-service capabilities as well as facilitate simpler, faster, more accurate reporting and analytics across customers’ diverse application and ERP environments.
Welcome to the Magnitude family, Every Angle!
The entire Magnitude team is thrilled to welcome Every Angle customers, partners and the team – to the Magnitude family, and we look forward to building on our SAP momentum and global expansion with our broader team!