SAP consultancy firm itelligence AG acquires application management and cloud specialist BIT.Group GmbH
Bautzen-based BIT.Group GmbH and itelligence AG are pleased to announce the 100% acquisition of BIT.Group GmbH by itelligence AG. With this acquisition, itelligence is cementing its position as one of the leading IT service providers in Germany with a strong focus on cloud and SAP managed services.
Herbert Vogel, CEO of itelligence AG, commented: «With the acquisition of BIT.Group GmbH, we are pursuing our proven, successful strategy of being one of the leading SAP partners, particularly for the latest technology and corporate trends.»
BIT.Group, established in 2004, stands out as a provider of innovative services for national and international customers. The multi-certified SAP partner has about 380 employees, and offers extensive SAP services – focusing on SAP application management, technology services, application lifecycle management and cloud services.
Norbert Rotter, CFO of itelligence AG, said: «BIT.Group is a strategic cornerstone for expanding our global SAP cloud and managed services. Together with BIT itelligence now has more than 550 employees in Bautzen and Dresden, and we plan to expand both locations further, as well as – prospectively – moving into new, larger office premises in Dresden.»
In Bautzen, itelligence already runs several data centers, an additional office building is about to be opened, and a further data center is currently being constructed. itelligence also plans to expand the Dresden location and recruit additional staff.
Lars Janitz, Executive Vice President, Head of Global Managed Services, itelligence AG, stated: «SAP’s strategy is intensifying demand for innovative managed cloud services including efficient and scalable application management services. By acquiring BIT, we are cementing our position as one of the leading service providers in this field and emphasizing the importance of our close partnership with SAP.»
The employees of BIT.Group will be transferred to the itelligence Group. The founders and management team of BIT, Harry Schweickert, Henry Flack, Adrien Seidel, and Corina Weidmann, will continue their careers in senior positions at itelligence.
Harry Schweickert, BIT.Group’s main shareholder, commented: «After more than 35 years as a businessman, I am pleased with the succession solution and the new opportunities for our customers and employees following the acquisition by such an established and highly qualified SAP partner as itelligence AG. We are thus expanding the basis for the new, forward-looking services our customers need as a result of the changes brought about by the digital transformation. At BIT and itelligence, the corporate culture, expectation of success and clear SAP focus are perfectly matched, enabling the joint creation of an even more integrated network of services for our customers and outstanding prospects for our employees.»
About BIT.Group GmbH
BIT.Group GmbH is an SAP service provider with about 380 employees, serving national and international customers. BIT regards itself as a reliable partner of the SAP Group and its customers, with the special capability of offering standardized and individual service and support for SAP solutions. Bundled SAP expertise, customer proximity, and efficiency are the company’s success factors. Focal points here are: SAP consultancy and SAP development as well as SAP remote and on-site support. BIT also undertakes software projects with its subsidiary XEGO in the ERP cloud solutions sector. In addition to the SAP support partnership that has been in place from the outset, BIT is certified as an SAP services partner, has been operating as an SAP cloud service provider since 2007 and, in the ever-growing end-customer segment, delivers SAP application management services, SAP Solution Manager consulting, technical services relating to new technologies such as SAP HANA, and operation of large cloud infrastructures.
Since its formation in 2004, BIT has achieved consistent, strong growth, particularly at its locations in Saxony. To nurture local talent and fill new vacancies, BIT works closely with the academic institutions in the region.