Codestone acquires Clarivos to create ‘SAP cloud powerhouse’

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Codestone, the SAP and IT managed services company, has acquired technology consultancy Clarivos to enhance its expertise in the delivery and management of SAP Cloud ERP, Analytics and EPM solutions.

Clarivos’ capabilities in deep and broad enterprise performance management (EPM), data analytics and business intelligence (BI) and SAP Business ByDesign (ByD) will bolster Codestone’s digital platform capabilities around ERP, EPM and BI, enabling next level cloud transformation for SMEs to large enterprises.

Codestone, which is based in Poole with operations across the UK, expects the acquisition will generate £10m in incremental revenue and £2m in incremental adjusted EBITDA over the next 12 months. Clarivos will bring to Codestone over 70 people who have delivered over 350 successful EPM and ERP projects across the EMEA region.

Jeremy Bucknell, co-founder and CEO of Codestone, said: “This agreement complements our award-winning SAP ERP and Microsoft Cloud offerings and creates one of the most differentiated SAP services in the market. It is perfectly aligned with our customer-centric, cloud-first strategy and will drive greater focus on strategic execution and operational excellence to the group’s already significant value creation.”

Kirit Patel, executive director of strategy and execution at Clarivos, added: “Codestone’s multi-capability Microsoft credentials, cloud hosting expertise and comprehensive support provides much in demand services to our customers. Our mid-market and large enterprise customers will benefit from more comprehensive ERP delivery, cloud and managed services from a pedigree organisation that is widely recognised in this space.”