Sapphire Systems, the leading global provider of enterprise resource planning (ERP) and financial management solutions (FMS), has acquired In Cloud Solutions, aSAP Business partner,to bolster its ERP offering and also accelerate its growth. The company hasn't revealed the amount for the acquisition.According to the company, Sapphire will use In Cloud's portfolio of SAP-aligned products and its employees' team to grow its SAP Business ByDesign practice.
Backed by private equity firm Horizon Capital, this is the company's third deal of 2021, following Pioneer B1 and ITOM Solution's recent acquisitions. These deals are part of Sapphire's strategic plan to grow both organically and through acquisition. The investments have given Sapphire the capital to make investments, Horizon Capital Partner Luke Kingston said in January 2020.
"As part of the accelerated growth strategy we announced last year, this latest acquisition will strengthen and expand our SAP practice, bringing further expertise and experience to our growing client base,"said Ian Caswell, CEO, Sapphire Systems, commenting on the deal.
Sapphire specializes in enterprise software applications management in the enterprise resource planning (ERP) market. Headquartered in London, England, the company has thousand customers worldwide. Sapphire currently employs over 250 people across their global offices in the UK, USA, India, Mexico, Philippines, and Argentina, allowing them to offer round-the-clock support as standard.
"We are delighted to become part of the Sapphire team; we slot perfectly into their culture, strategy, and vision of the future as we strive to help our clients accelerate their shift away from current processes towards a digitally operated and cohesive format," said Bob Atkinson, managing director, In Cloud Solutions.