Syniti Announces Investment Strategy to Support RISE with SAP

September 28, 2021

Syniti Announces Investment Strategy to Support Data Management 
for Intelligent Enterprises

New Syniti innovation and expertise investments put data first to accelerate enterprise transformations for businesses using the RISE with SAP offering

 

BOSTON – September 28, 2021 –  Syniti, a global leader in enterprise data management, announced today a wide-ranging investment strategy to provide advanced resources to enable organizations transform into intelligent enterprises including support for SAP S/4HANA®, SAP® Ariba®, SAP® SuccessFactors® and other SAP solutions. SAP Advanced Data Migration by Syniti complements the RISE with SAP offering and is a solution of choice for effective data migration.

 

Highlighting the vital role data plays in enterprise success, a recent HFS Research study showed that 90% of enterprise executives identify data maintenance as a critical success factor, while seven in ten of those same business leaders agree that “they are significantly under-utilizing their data resources due to poor data management.”

 

To help executives address this problem, and to help organizations achieve data fit for an intelligent enterprise, Syniti is making the following investments:

 

  • Syniti has expanded its strategic partnerships to complement RISE with SAP by offering migration solutions for all migration scenarios including Brownfield, Greenfield, and Selective Data Transition.

  • Syniti now delivers powerful tools in a single commercial bundle to address issues like custom code remediation, shell creation, and direct table loads. Syniti's capabilities are also available through its system integrator ecosystem of Global Alliance Partners.

  • Syniti hired Stefan Kaltwasser as VP of Global Alliances for SAP. Based at SAP headquarters in Walldorf, Germany, Stefan is exclusively focused on Syniti’s global partnership with SAP and on delivering innovation to further enhance joint products and offers.

  • Syniti also opened a new office at the SAP Partnerport in SAP’s headquarters in Walldorf, Germany. With this local presence, Syniti aims to strengthen strategic relationships with SAP Global, SAP Germany, and the SAP ecosystem of partners and enterprise customers.
     

“The great challenge for organizations moving to SAP S/4HANA Cloud right now is their data,” said Kevin Campbell, CEO of Syniti. “As global leaders in data management, we are determined to help enterprises solve their data challenges and move forward quickly with their transformation to become intelligent enterprises and accelerate their journey to next-generation ERP with speed, accuracy, and cost savings. With the investments we’ve made, we’re confident we’ll see more organizations adopting SAP S/4HANA Cloud with Syniti’s help.”

 

“Syniti is a long-trusted partner of SAP and we’re delighted to see this further investment in our alliance,” said Tom Roberts, SVP Global Partners at SAP. “With the need for effective data management more important than ever, SAP Advanced Data Migration by Syniti, and its supporting packages provide an optimal toolset to get enterprise data prepared and migrated to SAP S/4HANA Cloud.”

 

Syniti is experiencing record breaking growth with an all-time high in services bookings, 225% year-over-year (YoY) growth in software, 470% YoY growth in annual recurring revenue (ARR) in Cloud software, 88 successful go-lives in the last year, and a 99.7% customer satisfaction rating, the highest in company history.

 

 

About Syniti 
Syniti solves the world's most complex data challenges by uniquely combining intelligent, AI-driven software and vast data expertise to yield certain and superior business outcomes. For over 25 years, Syniti has partnered with the Fortune 2000 to unlock valuable insights that ignite growth, reduce risk and increase their competitive advantage. Synti’s silo-free enterprise data management platform supports data migration, data quality, data replication, master data management, analytics, data governance, and data strategy in a single, unified solution. Syniti is a portfolio company of private equity firm Bridge Growth Partners LLC. Read more at www.Syniti.com.

 

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Media Contact:
Matt Eckess, syniti@rlyl.com
857-217-2925

 

 

SAP Forward-looking Statement

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements.

 

All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. © 2021 SAP SE. All rights reserved.

 

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