The company SOA People, a leading European SAP Platinum partner, bought a majority stake in the German based Cormeta AG, a certified SAP Gold partner with a focus on medium sized businesses and large enterprises.
The acquisition provides a foothold into the German market and a spring board into the wider SAP MEE (Mid/Eastern Europe) markets. It means that SOA People is now one of the top five European SAP partners, with a 20 % growth in sales, ensuring the organisation remains on track to achieve its growth ambitions.
“This exciting and strategic acquisition will help grow our European presence and help drive our industry preconfigured solutions and innovative cloud offerings to a wider audience,” highlights Khalil Hodaibi, CEO SOA People Group. “We continue our search for the best-of-breed organisations in each European country, and Cormeta‘s experienced workforce, its own solutions and solid SAP experience is very much aligned with SOA People’s culture and capabilities. It is really a great opportunity for both organisations. In particular, customers with operations in our countries will find a unique and dedicated partner to build a stable and long term relationship."