Fresh Off Its IPO, SoftwareOne Acquires SAP Consultant Firm BNW

'We welcome BNW’s [more than] 30 SAP technology specialists, who will significantly enhance SoftwareOne’s global SAP and technology services capability, in our group,' says SoftwareOne CEO Dieter Schlosser.

Just two weeks after its successful initial public offering, SoftwareOne has acquired BNW Consulting in a move to boost the company’s SAP technology services capabilities around public cloud migrations, S/4 HANA transformation and support.

“We welcome BNW’s [more than] 30 SAP technology specialists, who will significantly enhance SoftwareOne’s global SAP and technology services capability, in our group,” said SoftwareOne CEO Dieter Schlosser (pictured) in a statement. “Our new colleagues will service their customers in APAC and the U.S., and beyond, in close conjunction with the established Manila SAP Center of Excellence.”

Switzerland-based SoftwareOne has been on an acquisition spree in 2019, acquiring a handful of companies to boost its services arm. The company’s most recent acquisitions include global IT service provider Comparex to create a software management powerhouse that spans the globe, as well as cloud transformation services company RightCloud.

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Founded in 1996, Melbourne-based BNW provides managed services, consulting and software specializing in SAP platform transformation and cloud migration services from on-premises to the public cloud providers including Amazon Web Services, Microsoft Azure and Google Cloud Platform. BNW offers a proprietary SAP- certified tool, PowerConnect, that provides analytical insight into SAP performance across both on-premises and cloud infrastructure.

Financial terms of the BNW deal were not disclosed.

BNW currently has customers in Australia, Asia-Pacific, Europe and the U.S. The company’s solutions will be available globally within the SoftwareOne portfolio. BNW founder and Managing Director Warwick Chai and co-owner and Chief Operating Officer Stefan Naumann will join SoftwareOne’s SAP business unit in leadership roles.

SoftwareOne entered the Swiss stock exchange on Oct. 25 at 18 Swiss francs per share, setting the value of the company at more than $2.8 billion. The company’s founders retained the largest stake in the company at more than 30 percent followed by financial investment firm KKR, which bought a 15 percent stake.

SoftwareOne’s gross profit rose to around $730 million in 2018, up from $575 million in 2016.

The software specialist provides end-to-end software and cloud solutions to 65,000 customers. SoftwareOne has 5,300 employees who specialize in helping companies design, buy, implement and manage their technology strategy and software assets.