Seidor maintains its growth rate and reaches a turnover of 464 million euros

Seidor maintains its growth rate and reaches a turnover of 464 million euros (~530 million dollars)
/ Houston, Texas
The multinational consulting firm has maintained double-digit annual growth throughout the 2010-2019 decade. These results enable Seidor to maintain its goal of reaching 500 million Euros by 2020. Seidor announced the acquisition of Procons-4IT to strengthen its capacity in the Middle East and that it started operations in the Asia Pacific region
Alejandro-Daniel-Eduard-Farga-directores-generales-adjuntos-Seidor

Seidor, the multinational consulting firm specializing in technological services and solutions, closed fiscal year 2019 with a total turnover of 464 million Euros, 12% more than the previous year. With this, the company continues its double-digit growth trend. Throughout the decade, Seidor has averaged a sustained growth rate of 16% and has multiplied by four its business volume. 

According to Eduard Farga, Deputy Managing Director at Seidor “the results of fiscal year 2019 reinforce our growth strategy based on the development of the Spanish market, the internationalization and the diversification of our range of services, fact that enables us to maintain the target of 500 million Euros by 2020.” 

President and CEO of Seidor USA, Tomas Fertig says “we are happy with the achievements across all areas of our business during 2019. These results are a proof our experience and knowledge driving solutions around the world and helping our customers through their business solution adoption journey. We are confident that our rapid growth will continue in 2020”. 

Seidor has more than 4,800 professionals spread across 40 countries where the company has direct presence. The workforce, with an average age of 38 and 25% of female talent, has a multicultural and multigenerational composition (more than 50% belongs to millennial and Z generations). 

 

Demonstrating an ongoing commitment to the US market. 

Simplifying business solutions and processes is critical as SMEs expand, as critical is having the right solution in place to manage growth. “Seidor USA operation is fully committed to walking with companies in the SME space and large corporations through their business solution adoption journey. We understand their needs and urgencies” Tomas Fertig says in a statement. “The business world and IT tools are getting more complex and companies need to be ready to deal with that complexity, otherwise their growth and profitability will be challenged”, says Fertig. 

Seidor is one of the few SAP Platinum Partner across the US with the capability to help small and midsize businesses in the evaluation of all three SAP ERP solutions:  SAP Business One, SAP Business ByDesign and SAP S4 HANA (on premise and in the cloud).  

“Looking ahead, we will continue to help our customers obtain value from their technology investment and we also look forward to bringing a better customer experience and a long-term relationship with them”, added Fertig. 

 

Strengthening internationalization with the acquisition of Procons-4IT and the landing in Asia-Pacific

During 2019, the international business of the Seidor group represented a turnover of 161 million euros (35% of global sales). Following its commitment to internationalization, Seidor has announced the acquisition of the majority of shares of Procons-4IT, a leading company in the SAP Business One implementation space in the Middle East. Thanks to this operation, the company strengthens its presence in the region adding with this acquisition offices in the United Arab Emirates, Saudi Arabia, Lebanon, Kuwait and Egypt. 

Seidor is the largest SAP Business One partner globally, with a direct presence in Europe, Latin America, Africa, the Middle East and the United States.

“Procons-4IT is an ideal partner to strengthen our presence in the Middle East, a strategic market for the company's growth. Thanks to this alliance, Seidor incorporates 70 new professionals and 450 clients, explains Seidor's Deputy Managing Director, Alejandro Daniel

In addition, Seidor has started operations in the Asia-Pacific region with the opening of a Competence Center in eCommerce & Marketing solutions in Taiwan“This new center positions us as a global coverage partner in this category of solutions and opens the door to develop business in the Asia-Pacific region”, says Eduard Farga.

 

New initiatives in the diversification of services we offer

Seidor continues to diversify its offer of services to provide greater value to its customers. The company acquired in 2019 Drauta, the main specialist in Drupal technology in Spain. Also launched the Innovation Center with the aim of promoting the development of innovation projects and services with emerging technologies.

Eduard Farga comments: “Our Innovation Center is oriented to promote the adoption of emerging technologies to support new business strategies for our clients. Some of the technologies we prioritize are: Internet of Things, Computer Vision and Artificial Intelligence”.

 

Recognition from our partners 

Seidor’s performance during 2019 has been recognized with international awards from its main partners. Among which we would highlight: 2019 SAP® Pinnacle Award as the SAP ERP Partner of the year – Small and Midsize Companies, three awards in recognition of the sales volume of on-premise licenses, cloud subscriptions and sales volume and New Names in the SAP Business One category. Seidor has also been recognized by IBM as the best infrastructure partner and by Microsoft as the best SAM partner. 

 

Innovation and cybersecurity, initiatives to reinforce growth in 2020

With the aim of reinforcing its growth in 2020, Seidor promotes different initiatives to diversify its service offering, with a special focus on innovation and cybersecurity, areas in which the company plans to strengthen its investment. 

In the field of innovation, initiatives like the Innovation Leadership Program promoted by Seidor Digital stand out, with the collaboration of different organizations and in which 35 companies have participated. This program allows attendees to share experiences on how to develop innovation in their companies and establish contact with start-ups.

Seidor is reinforcing its offering in cybersecurity services, a key element in business management, by hiring specialized talent to increase its capabilities in this area. "2019 has been a year of excellent results and we intend to continue driving our growth to reach the turnover of 500 million in 2020", conclude Alejandro Daniel and Eduardo Farga. 

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