Magnitude
Software, Inc., a leader in delivering unified
application data management to global
organizations across industries, today announced the acquisition of Every
Angle Software Solutions, a provider that enables users of SAP-run
organizations to optimize their operational performance by empowering
insightful and flexible business analytics. Every Angle's self-service
solution works on any SAP system (ECC and HANA) and hides the complexity of
SAP's data structure, allowing end users to quickly identify and resolve key
business issues. This third acquisition in the past eight months, and
seventh in total, immediately expands Magnitude's leadership presence in
the SAP ecosystem alongside providing a mature base of operations in Europe.
"Magnitude's
mission is to simplify the complex application landscape for our customers and
help them realize significant productivity gains by unlocking the value
promised by enterprise platforms like SAP," said Chris Ney, Chairman and CEO of
Magnitude Software. "Every Angle shares a similar mission - delivering superior
data access and analysis to uncover operational insights and efficiencies,
which makes it an ideal complement to Magnitude's Unified Application Data
Management product family."
The largest
global ERP provider with 23% market share according to Gartner, SAP represents
a significant market opportunity for the combined solutions of Magnitude and
Every Angle. SAP's Data 2020: State of Big Data report
highlighted the need for better enterprise data management, including the
ability to unify application data. The joint 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.
Every Angle
Software Solutions complement Magnitude's expansive SAP Application Data
Management solution set, which includes agile SAP data management from
Innowera, and SAP Central Finance integration through Magnitude SourceConnect.
In addition to having access to these products, Every Angle customers can
leverage the full portfolio of Magnitude's Unified Application Data Management
solutions, designed to harness the fragmented digital landscape for business
benefit through simplified data access, management, analytics and reporting.
This portfolio includes Magnitude Master Data Management (MDM), Agility Product
Information Management (PIM), and Magnitude Simba connectivity solutions.
"We are excited
about joining Magnitude as it will provide both companies the opportunity to
accelerate global expansion, while offering SAP customers an unmatched unified
application data management portfolio including an agile analytics suite," said
Fred Hermans, CEO of Every Angle. "We share a vision of simplifying the access
to and analysis of data from ERP systems that will allow our customers to
increase the business value they realize with these systems."
Both companies
employ customer-centric models and will aim to leverage their combined
expertise to broaden their collective value proposition to customers worldwide.
Fred Hermans will
continue to lead the business within Magnitude as SVP, Every Angle Solutions,
driving the Every Angle solution vision while cementing Every Angle's role
within the broader Magnitude vision, mission and portfolio. Every Angle
customers can expect to work with their same support and consulting services
teams with an opportunity to leverage the expertise and products of Magnitude
Software.