NEW YORK – One Equity Partners, a middle market private equity firm, today announced that VASS, a leading European provider of digital transformation, cloud infrastructure and managed IT solutions, has signed a definitive agreement to acquire ECENTA, a German consulting company specializing in Customer Experience solutions on SAP CX technology (Sales, Marketing and Commerce). Financial terms of the transaction were not disclosed.
Founded in 2000 and headquartered in Walldorf, Germany, ECENTA is an SAP partner firm that provides integrated SAP technology integration and implementation services to improve its customers’ experience strategy and managed services capabilities from 10 offices across Europe, North America and the Asia Pacific. ECENTA’s 220 professionals are experts in the implementation of complex projects for numerous clients across a variety of industries.
“SAP implementation and digital transformation services have continued to experience strong demand worldwide, particularly among fast-growing small, medium-sized and multinational corporations that are looking to improve their enterprise resource management and customer experiences,” said Joerg Zirener, Senior Managing Director, OEP. “We believe ECENTA is well positioned to take advantage of the strong market opportunity for SAP customer support, fast and efficient implementation services, and serves as a certified global SAP Customer Experience partner,” added Vittorio Palladino, Vice President, OEP.
“ECENTA fits perfectly with our growth strategy due to its presence in key markets such as the United States and for its 100% offshore servicing model. ECENTA’s development centers in Romania, Latvia and Singapore will help shape the next phase of our growth internationally,” said Francisco Javier Latasa, CEO of VASS. “This transformational acquisition brings us one step closer to achieving our strategic vision VASS@400, which represents VASS’ goal of reaching 400 million euros in revenue by 2025.”
“Joining VASS will give us the infrastructure to help our clients scale faster, strengthen their product development activities and implement seamless SAP solutions across their enterprises,” said Dr. Thorsten Wewers, CEO and Co-Founder of ECENTA.
OEP has proven experience building global IT service and enterprise software businesses through transformational acquisitions. In July, VASS announced the creation of T4S Advance Solutions, a company specialized in “advanced topics” on SAP-based business processes and merged it with Comunytek, a company specialized in advanced systems and innovative products focused on wholesale banking and capital markets.
About One Equity Partners
One Equity Partners (“OEP”) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 300 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit www.oneequity.com.
Spanish company founded by Fco. Javier Latasa in 1999, leader in digital solutions and operating in 8 countries (Spain (Hq), UK, NL, US, MX, COL, PER, CHL). Offering highly specialized services and digital solutions in the Banking, Insurance, Energy, Telecom and Industrial sectors. With more than 2,200 employees worldwide, and turnover in excess of €135 million in the last financial year. Due to its diversified business model in different countries, sectors and technologies, VASS has maintained a sustained growth of more than 20% in recent years.