GERMAN software giant SAP has acquired fast-growing Pilot Software, a maker of analytical tools and strategy management systems designed to help senior management extract better information from finance and customer data.
The US-based Pilot’s analytical software aims to make it easier for high-level business managers to better align corporate strategic goals and corporate performance.
Founded in 2002, the privately-owned Pilot Software has more than 150 customers worldwide that use its strategy management tools across industries including financial services, the public sector and retail. Terms of the SAP buy-out were not disclosed.
By aligning strategy with execution, organisations are able to improve corporate performance, accelerate management decision-making, facilitate collaboration and turn information into value.
SAP described the acquisition as a “tuck-in” purchase, saying Pilot added “a critical piece” to its portfolio of analytic applications.
“Analytic applications that help organizations manage their performance effectively represent a strategic area of investment for SAP as we continue to expand our leadership in this market,” said SAP’s suite optimisation executive vice-president Doug Merritt.
Leveraging analytics to improve performance management has been among the top priorities of senior executives in the last five years and is an area in which SAP continues to broaden its portfolio and further strengthen its leadership position in the analytic applications market.
“With the acquisition of Pilot Software, we are providing an advanced system for defining and managing strategies that is integrated with the business processes of information workers,” Mr Merritt said.
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Monday, February 26, 2007
SAP flies into Pilot Software acquisition
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