SEIDOR Achieves a Turnover of 606 MM Euros in 2021, 29.5% More Than in 2020 | SEIDOR
Josep Benito Ivan Gonzalez

04 May 2022

SEIDOR Achieves a Turnover of 606 MM Euros in 2021, 29.5% More Than in 2020

Surrey, England – 23rd March 2022: SEIDOR, a multinational consulting firm specialising in technology services and solutions, including SAP Business One and SAP Business ByDesign, has closed the 2021 financial year with a turnover amounting to €606 MM, 29.5% more than in 2020, whose turnover was €468 million. With this turnover rate, SEIDOR maintains double-digit annual growth and is in line with its goal of reaching €1 billion by 2025.

At a glance:

  • The technology consultancy firm maintains its double-digit annual growth rate and is in line with its goal of reaching €1,000 billion in 2025.
  • The consultancy firm ends 2021 with a presence in 40 countries, serving large companies, SMEs and the public sector, with significant growth in Europe and America and positive growth in the Middle East and Africa.
  • SEIDOR has started 2022 with the acquisition of several companies, such as Impala Networking Solutions and the French company WorkWell, reinforcing its national and international presence.

By the end of 2021, SEIDOR had reached a team of 6,157 professionals, while it closed the previous year with 5,416, representing a growth of 14%. Of this growth, 68% has been organic, and the rest via acquisitions.

According to Josep Benito, CEO of SEIDOR, "the results and the positive evolution of the company confirm the validity of the growth strategy, based on the diversification of the offer of solutions, the integration of leading IT companies and the access to new markets, as well as the achievement of synergies as a global company".
Benito added that "SEIDOR's objective is to consolidate its brand strategy to position itself as a technology consultancy firm with a comprehensive portfolio and global capabilities in large companies, SMEs and the public sector".

40th Anniversary

In relation to the brand strategy, SEIDOR's Corporate Director of Marketing and Communication, Iván González, pointed out that "this year, we are celebrating the company's 40th anniversary, an ideal moment to launch our new image". According to Iván González, "the new visual identity responds to a new strategy that continues to focus on technology but humanising it".

"In our image, we have the claim 'Human focused. Technology experts', with which we want to highlight the human aspect of our activity, which is fundamental for the progress of the business", added González.

Global presence in 40 countries

The consultancy firm ended 2021 with a direct presence in 40 countries. SEIDOR has seen significant growth in Europe (Spain, Portugal, UK, Italy and Belgium) and the Americas (especially Brazil, Chile, Argentina and Peru) and positive growth in the Middle East and Africa.

In terms of turnover, the weight of the different regions is divided between Europe, with 69%; the Americas, with 27%; the Middle East and Africa, with 2% each.

In 2022, SEIDOR expects to continue a similar evolution in all these regions as in 2021, but with a focus on Asia, the US and EMEA South (Southern Europe and North Africa), mainly through acquisitions. On the other hand, the consultancy firm will continue to identify opportunities in LATAM with the aim of completing its capabilities and solutions offering.

Through its innovation centres in Silicon Valley, Tel-Aviv and Barcelona, SEIDOR is driving projects in IoT, AI and Smart Mobility to respond to critical business challenges and connecting with the main start-up ecosystems around the world. The consultancy firm also occupies a relevant position in specialising in this type of solution in Healthcare, Education and Industry.

Acquisitions to diversify the solutions offering

To continue to strengthen its service offering and geographical expansion, SEIDOR has carried out acquisitions such as NTS, through which the consultancy firm has incorporated the Salesforce practice in Spain and strengthened its capabilities in intelligent mobility and IoT; Metrocis and Sycnet in LATAM, to reinforce its SAP and infrastructure offering.

It should also be noted that in the previous year, in 2020, SEIDOR acquired Clariba, which has positioned SEIDOR as an international leader in Analytics and strengthened its presence in the Middle East and Europe in this practice.

Strengthening talent management and sustainability

SEIDOR is committed to sustainability based on four pillars: the development of ICT talent, the promotion of diversity in the workplace, respect for the environment, and ethical business management.

In ICT talent development, the company trains 400 people annually through alliances with universities and the SEIDOR Academy, the consultancy firm's training centre. The company also has a retention policy based on flexible work models, personalised development plans and multiple opportunities for evolution based on different technological practices.

Comprehensive offer for large companies, SMEs and the public sector

The expansion of SEIDOR's range of services in recent years has enabled it to offer the market a clearly differentiated integral proposal for large companies, SMEs and the public sector, which provides total and global coverage for the transformation needs of its clients through technologies.

Although all areas are growing at double digits, the growth rates are higher in those technologies that still represent a smaller volume of business in SEIDOR's activity compared to other more established areas, such as ERP or Analytics, mainly those linked to the most significant technological trends, such as Cloud, Customer Experience, Cybersecurity, Workplace and Innovation such as IoT, AI and Smart Mobility.

SEIDOR also plans to strengthen the design, development and marketing of its own products, generating intellectual property, such as Clinicgram and Círculum, Ulises, IoT Bricks, Precision Farming, on platforms of the primary leading international technology providers.

New partners and strengthened strategic alliances

By 2021, SEIDOR has reached agreements and boosted its relationship with technology providers such as Salesforce, Google, AWS, and Cisco, among others. It has also strengthened strategic partnerships, notably with SAP, Microsoft, IBM and Adobe.

The consultancy firm also has stable collaborations with European institutions and multilateral organisations to promote digital transformation projects worldwide, such as the European Commission, the European Parliament, the European Investment Group Bank, the UN and the Banque Africaine de Development, among others.

Partnerships with institutions to promote economic activity and talent include leading international business schools, universities, technology centres and business associations.

An expansive start to 2022

In January of the current financial year, SEIDOR acquired all of Impala Networking Solutions, an integrator specialising in corporate communications services, IT security and data centre infrastructure. With this operation, the technology consulting firm has expanded its Communications Area.

Finally, in March, the company signed its landing in France with the purchase of WorkWell, which specialised in IT solutions for small and medium enterprises and, for 20 years, partner of SAP Business One. With this purchase, the new SEIDOR WorkWell expects to grow by 25% annually through the implementation of SAP business software in French SMEs.

International partner recognition

In 2021, SAP recognised SEIDOR as one of the best global partners in the market, having been awarded in 17 categories in all the regions in which it operates, highlighting the recognition achieved in three categories of the SAP Pinnacle Awards.

On the other hand, the technology multinational has also been awarded by IBM as partner of the year in the Sell Business category in the EMEA region (Europe, Middle East and Africa) for its contribution to boosting organisations through IBM solutions, such as Hybrid Cloud, Security or AI, among others.

Microsoft has also awarded SEIDOR the prize for the best partner in social impact 2021.

ENDS

About SEIDOR

SEIDOR is one of SAP’s leading Platinum Partners and the world’s largest SAP Business One Partner. The company – with UK headquarters in Weybridge, Surrey – provides powerful Business Management Solutions to improve efficiency and increase control and visibility over business processes. The ERP Software Specialists provide services and support for some of the world’s most popular SAP-powered ERP Systems, such as SAP Business One, SAP Business ByDesign and S/4 HANA.

The company has been awarded many industry accolades for its range of Services and Solutions. The most recent is the SAP Pinnacle Award for SME Sales Excellence 2022. It has also been awarded by SAP for its range of SAP Business One and SME Services, plus Cloud and Analytic Solutions.

To learn more about SEIDOR, our portfolio of ERP solutions, and our award-winning services, visit www.seidor.com or call 01932 212 777. Connect with us on LinkedIn, Twitter, or YouTube.

Media Contact

Dustin Coombe
Director
SEIDOR
media.gb@seidor.com
01932 212 777

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