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Codestone, one of the top SAP partners in the UK that provides comprehensive enterprise resource planning (ERP) transformation services, recently expanded its IT capabilities with the acquisition of SAP Gold Partner Clarivos.

In March 2021, Codestone confirmed that it had formed a partnership with FPE Capital, a highly renowned investment firm that specialises in the software and services sector. As a leading provider of SAP and Microsoft solutions to the small and medium-sized enterprise (SME) and mid-market segments in the United Kingdom, Codestone benefited from the major investment partnership by ensuring that the company stays ahead in terms of innovation in the ever-changing industry.

Fast-forward to May this year, Codestone once again established its position in the IT services market by acquiring Clarivos, an SAP Business ByDesign ERP and SAP Analytics Cloud specialist. Clarivos, which was founded in 1996, provides technological consulting and solutions that aim to empower, innovate, and reinvent the functions of the Chief Financial Officer departments.

According to the statement released, the acquisition was successfully completed on May 3, 2022. Codestone stated that it anticipates that the transaction will create 10 million in additional revenues and 2 million in incremental adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) over the next 12 months following completion.

Codestone Chief Executive Officer and Co-Founder Jeremy Bucknell said:

This agreement complements our award-winning SAP ERP and Microsoft Cloud offerings and creates one of the most differentiated SAP services in the market. It is perfectly aligned with our customer-centric, cloud-first strategy and will drive greater focus on strategic execution and operational excellence to the Groups already significant value creation.

With Codestones cloud-first approach, Clarivos intends to assist companies in achieving speedy results while also future-proofing their businesses for the future by operating more efficiently through cloud solutions and implementing cutting-edge technologies. Several honours, including the recently concluded SAP UK & Ireland Partner Excellence Awards for Outstanding Performance and the SAP EMEA North Partner Excellence Awards for Outstanding Performance, have been given to Clarivos for its fast development in SAP Business ByDesign implementations.

Sharing his thoughts about the latest acquisition, Kirit Patel, Executive Director of Strategy and Execution at Clarivos, remarked:

Codestones multi-capability Microsoft credentials, cloud hosting expertise and comprehensive support provides much in demand services to our customers. Our mid-market and large enterprise customers will benefit from more comprehensive ERP delivery, cloud and managed services from a pedigree organisation that is widely recognised in this space.

Clarivos will bring approximately 70 professionals to Codestone who have collectively completed more than 350 successful EPM and ERP projects throughout the EMEA market. The Clarivos management team will continue to be part of the expanded organisation, and Kirit Patel will now serve as the Director of Mid-Market and Large Enterprise and as a member of the Codestone Operational Board of Directors.

Furthermore, mergers and acquisitions (M&A) in the SAP partner ecosystem have increased in recent years as some of the German software enterprise tech giants major UK partners seek to strengthen their positions. These include Accenture snapping up Edenhouse which is one of the countrys largest SAP Platinum Partners specialising in the sale, hosting, support, and implementation of SAP services and products to mid-sized enterprises. Last year also saw Sapphire Systems purchasing InCloud Solutions, a specialist in SAPs business cloud-based ERP software, SAP Business ByDesign.

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Codestone Reinforces Position as One of Leading SAP Partners in the UK - InsideSAP