itelligence-group reached an agreement to acquire a majority stake in FH, Brazil / Strong alliance for innovative SAP business between Germany and Brazil (FOTO)

São Paulo / Bielefeld (ots) -

Today, itelligence-group, the globally leading SAP consulting
company within NTT DATA Group, is announcing that they reached an
agreement to acquire a majority stake in FH S.A. (FH) to make its
entry into the Brazilian SAP market. In line with the usual market
rules and regulations, the closing of the transaction is conditional
upon the receipt of regulatory approvals, including the approval by
the Brazilian antitrust authorities (CADE), and satisfaction of other
customary conditions. CADE's approval is expected to be granted
within the next few weeks.

Founded in 1999, FH is one of Brazil's leading SAP consulting and
development companies. Its SAP-based tax solution is in use by
companies that together account for over 8% of Brazil's GDP. The
company also has an excellent market position globally. FH is thus
Latin America's leading vendor in the area of SAP's Customer
Experience portfolio and has completed numerous successful SAP
rollout projects in over 30 countries.

Norbert Rotter, CEO of itelligence AG: "For itelligence-group, a
globally operating company with 26 subsidiaries of its own today, the
acquisition of FH represents a strategic expansion into the Latin
American market. We are gaining 700 SAP colleagues in 6 locations in
Brazil, who will become part of a global team numbering 9,200. With
FH's own IP, in conjunction with innovative SAP technologies, we will
be well equipped to achieve further growth, both inside and outside
Brazil."

With this acquisition, itelligence-group is expanding its presence
in one of the currently strongest-growing economic regions in the
world. According to IDC and Gartner, Brazil is the eighth largest IT
market globally. It grew in 2018 by 9.8% and market analysts expect
an above global average growth rate until 2024.

Due to increasingly stringent obligations regarding transparency
and compliance, there is a high demand in Latin America's largest
economy particularly for ERP software and financial management
solutions. The two partners also see substantial growth potential in
the areas of marketing, CRM, e-commerce, and for IoT (Internet of
Things) solutions.

Ricardo Fachin, CEO of FH: "For over 20 years, we have built up
know-how in various business processes in collaboration with our
customers and developed software and service offerings to help people
in companies engaged in various lines of business: manufacturing,
agribusiness, retail, professional services, finance, and utilities.
We make use of innovation in our efforts to simplify business
processes for our customers. In 2018, we launched ECG, our
cloud-based tax and e-invoicing software, and in 2019, we endowed our
tax solution GUEPARDO with machine learning functionalities.

In this new phase, we shall make use of itelligence's know-how and
global presence to strengthen our position in the Brazilian market
and to expand our software and service offering. This will generate
new opportunities, not only for the company but for our employees as
well. We are now even better qualified to fulfil the needs of
customers with international operations, and we are well placed to
strengthen our position as one of the favorite strategic technology
partners in Brazil."

The two parties have agreed to keep the purchase price
confidential.

FH

FH is a Brazilian company enjoying solid growth. As an important
SAP partner, it offers SAP services and software development. It
provides end-to-end services for SAP S/4HANA, SAP C/4HANA, as well as
its own tax software (GUEPARDO and ECG). As an SAP Gold Partner, it
services its customers from six locations in Brazil and operates a
certified support center (PCoE - SAP Partner Center of Expertise) in
Curitiba/Brazil. https://www.fh.com.br/eng/

itelligence

itelligence transforms IT landscapes and business processes
through the combination of innovative SAP software and technology
with services and products developed in-house. As an SAP Global
Platinum Partner, itelligence supports SMEs and large enterprises in
every phase of their digital transformation. itelligence's range of
services includes IT strategy and transformation consulting, software
deployment and implementation, as well as application management and
managed cloud services. The excellence of these services is built on
the foundation of itelligence's local presence, global capacity, and
comprehensive industry expertise. itelligence partners with customers
to create new and innovative business opportunities through the use
of IT - for each facet of the customer's business. Thousands of
satisfied customers have placed their trust in itelligence, many of
them since the company was founded 30 years ago. itelligence's
contribution to innovation and long-term business success has been
confirmed by numerous SAP awards and leading market analysts.
itelligence is part of the global NTT DATA group and employs about
9,200 people across 26 countries. In 2018, itelligence generated
926.6 million euros in total revenues. https://itelligencegroup.com

Press contact:
Head of Corporate Public Relations itelligence AG
Silvia Dicke
itelligence AG
T: +49 (0) 521 / 9 14 48 - 107
E-mail: silvia.dicke@itelligence.de

Original-Content von: itelligence AG, übermittelt durch news aktuell