Mergers, acquisitions, partnerships

Expanded portfolio

ProAlpha, provider of ERP software, is expanding its offering towards a comprehensive innovation platform.

With CP Corporate Planning, the group of companies is bringing on board a software provider for corporate management in the SME sector and adding financial performance management solutions to its portfolio.

Headquartered in Hamburg, the company has been offering user-friendly and flexible software for operational controlling, integrated financial and profit planning and consolidation for more than 30 years. "With Corporate Planning, we are delighted to have gained a company for our portfolio that clearly underlines our path to becoming an innovation platform", comments Eric Verniaut, CEO of the ProAlpha Group, on the acquisition.

"The acquisition is therefore a direct contribution to our corporate strategy, which combines best of breed with best of suite and gives customers the necessary competitive edge in the ongoing transformation process."

The efficiency of planning processes through rapid forecasting, scenario calculations and integrated, reliable reporting is an important backbone for medium-sized companies that need to be robust and dynamic in today's world.

The integration of Corporate Planning products will provide ProAlpha customers with a professional solution for corporate planning with a wide range of functionalities for multidimensional analyses and customized enterprise reporting.