Atlanta, GA – November 5, 2013 – CHILDS Advisory Partners (“CHILDS”) served as the financial advisor to itelligence, Inc. (“itelligence”), in its recent acquisition of Aster Group, a business technology consultancy specializing in dedicated Enterprise Performance Management (EPM) and Business Intelligence solutions. Headquartered in Concord, N.C., Aster Group is a premiere North American provider of SAP® Business Planning and Consolidation (BPC) applications and one of the most experienced EPM-focused solution providers of all SAP partners.
“Aster Group has a great brand name and has been growing very well, particularly because of their success in implementing SAP BPC applications for multiple industry segments,” said Steve Niesman, president and CEO, itelligence North America. “The focused acquisition of Aster will immediately enable itelligence to strengthen its competitive market position in the SAP EPM space through an expanded, dedicated global practice that joins our complementary capabilities and increases our high-growth cross-selling opportunities.”
Norbert Rotter, CFO, itelligence AG, added: “With this strategic acquisition, we are further strengthening our business in the US and expanding our market presence both regionally and globally in strong performing SAP areas. By adding Aster Group‘s significant BPC experience and footprint, itelligence’s full SAP value proposition really comes together for CFOs, CIOs and all customers through end-to-end business visibility, from integrated planning to execution and consolidated reporting.”
An NTT Data company, itelligence provides global scale and reach through country-specific localization enabled by full-service SAP solution delivery capabilities, including BPC, in 5 world regions and more than 22 countries. itelligence’s comprehensive offerings will deliver BPC Cloud packages that bundle software, maintenance, implementation, hosting and ongoing application management as a subscription-based managed cloud service.
“itelligence‘s and Aster‘s cultures are both client-centric, and solution focused," said Rick Cobb, President and CEO, Aster Group. “By joining the itelligence family, we complement our experienced EPM professionals to offer a holistic end-to-end solution around SAP BPC.“
By offering pre-packaged, fixed scope and cost, BPC consolidation and planning rapid deployment solutions, itelligence will enable midmarket enterprises with ready-to-run solutions, while accelerating projects with reduced cost and risk for larger enterprises. Aster Group developed an SAP capital planning starter kit for BPC and recently announced a BPC Starter Kit for the Oil and Gas industry. Additional BPC starter kits are planned for other key industries.
Don Holbrook, Director of CHILDS Advisory Partners, commented, “itelligence’s acquisition of Aster will bring together two leading companies in the SAP consulting space. The addition of Aster’s client base, BPC talent and management team will further enhance itelligence’s strong position in the SAP market .”
itelligence, Inc.’s purchase of Aster Group, Inc. was effective November 1, 2013.
About itelligence AG
telligence Inc. is a wholly owned subsidiary of itelligence AG, an international full-service solution and consulting company with a global presence in 22 countries. itelligence provides a broad range of consulting and customer support services to further maximize SAP solutions, including implementations, business intelligence, application management services and hosting. itelligence is an SAP gold channel partner authorized to resell SAP Business All-in-One and SAP BusinessObjects® solutions, an SAP global services and SAP global hosting partner, and an SAP-certified global provider of application management services. itelligence also holds global quality accreditation by SAP Active Quality Management organization for demonstrating clear quality standards and processes. For more information please visit http://www.itelligencegroup.com.
About Aster Group
Aster Group is a leader in Enterprise Performance Management and long-term selling and consulting partner for SAP Business Planning & Consolidation. Aster Group has more than 300 clients and has built more than 500 applications throughout the United States and Canada. By utilizing a combination of functional business experience, product expertise, and industry best practices, Aster Group enables clients to maximize the business value of their solution. Aster Group's services include: SAP BPC implementation services (NetWeaver and Microsoft SQL), upgrades, help desk, remote administration, online and onsite training courses, health check assessments, technical services, and end-to-end Bus iness Intelligence.
About CHILDS Advisory Partners
CHILDS Advisory Partners provides exceptional investment banking services to high‐performing business services and technology companies. Our unique combination of global sector focus, process excellence and strength of team allow us to achieve successful outcomes for our clients. Collectively, our senior bankers have executed over 450 M&A and financing transactions. CHILDS is a member of FINRA and SIPC and is a registered broker‐dealer.
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