SAP bruiser Itelligence gobbles rival Blueprint
Rseller tps up UK rvenue in aquisition sree
Preposterously named SAP reseller Itelligence UK has swallowed rival Blueprint Management Systems (BMS) for an undisclosed sum.
German-owned Itelligence has set its sights on becoming SAP's biggest Brit bruiser and the buy up of BMS adds a chunk of business intelligence and data warehousing revenues to the top line.
"Our UK business is now the third largest unit at itelligence worldwide with revenues of £40m and 180 employees," said Norbert Rotter, CFO at Itelligence AG.
The interest in the UK is slanted toward the business analytics space, a priority for SAP, IBM and other enterprise vendors' channels.
Founded in 1993, London-based BMS employs 60 staff and had a turnover over £8.9m in 2011, up from £7.8m a year earlier. In the same year it recorded an operating profit of £166,000, up from £134,000.
Customers of BMS - an SAP BusinessObjects Gold reseller and SAP Authorised Education Partner - include ING Bank and Eurostar International.
The last accounts filed for Itelligence UK show it turned over £5.2m, down from £5.7m in calendar 2010, and made a loss of £350,000 compared to a £167,000 profit in the earlier twelve months.
An Itelligence spokeswoman in Germany told The Channel trade is estimated to achieve a £40m run rate in 2012. She pointed to the expansive impact of UK acquisitions Chelford SAP Solutions and Contemporary plc.
Globally, Itelligence hit sales of €342m in 2011, up from €272m a year earlier, and made an EBIT of €20.4m, compared to €14.9m in 2010, said the spokeswoman. ®