Magnitude Software Acquires Innowera

Magnitude Software has completed the acquisition of Innowera, a global software provider that enables users to more efficiently manage SAP processes and workflows for productivity and data management.

This acquisition expands Magnitude’s portfolio of solutions in the SAP marketplace, provides access to additional target users in the office of finance, and complements key solutions, including Magnitude SourceConnect for SAP, Magnitude RapidDecision, and Magnitude Connectivity solutions.

Magnitude has in-market solutions to maximize the productivity of SAP users, including Magnitude SourceConnect for SAP, which was co-innovated with SAP. Magnitude SourceConnect enables fast, low-cost, low-risk implementations of Central Finance by streamlining the data ingest process from non-SAP and SAP sources. Innowera expands Magnitude’s SAP capabilities by enabling users to interact with SAP faster and more easily using mediums such as email and mobile, a competitive differentiator. Targeted at non-technical business users, Innowera automates SAP transactions for those users, providing accurate and seamless connectivity between SAP and Excel with built-in compatibility to thousands of SAP workflows. Additionally, Innowera provides governance for managing SAP business processes across a wide range of adjacent applications including Excel, SharePoint, and Salesforce, among others.

Together, Innowera and Magnitude aim to deliver solutions that unify the enterprise across increasingly fragmented application environments, including simplifying critical data access, management and visibility for SAP users that traditionally required complex programming with limited results, said Chris Ney, chairman and CEO of Magnitude Software.

Joining an experienced, customer-focused company will enable Innowera to scale its go-to-market initiatives, expedite its product roadmap and more effectively serve its global customer base, added Mickey Shah, founder and chief solutions architect of Innowera, noting that the strength of Magnitude’s development team will also benefit its solutions as Innowera leverages technical synergies across the portfolio to further enhance the SAP user experience.

One of the largest global ERP providers, and the leader in enterprise information management based on revenue according to Gartner, SAP represents a significant market opportunity for the combined solutions of Magnitude and Innowera. The collective portfolio will facilitate faster, more accurate reporting and analytics across customers’ disparate application environments.

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