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MarketScreener Homepage  >  Equities  >  Xetra  >  SNP Schneider-Neureither & Partner SE    SHF   DE0007203705

SNP SCHNEIDER-NEUREITHER & PARTNER SE

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SNP Schneider Neureither & Partner : Cloud4C and SNP Ink Global Partnership Agreement

11/04/2020 | 08:12pm EST

Cloud4C and SNP Ink Global Partnership Agreement

Heidelberg | Singapore, November 5, 2020 - Cloud4C Services Pte. Ltd, a world-leading cloud managed services provider based in Singapore, has signed a global Silver Partnership agreement with SNP Schneider-Neureither & Partner SE (the SNP Group), a global leader in data transformation, to simplify the complex digital transformation of data and processes. This alliance will offer attractive packages for the accelerated adoption of SAP® S/4HANA in the cloud bundled with one-stop shop end-to-end software solutions to reduce enterprises' total cost of ownership (TCO) and capital expenditure (CAPEX).

The partnership brings the dual advantage of Cloud4C's AIOPs and DevOps-driven Managed Services expertise in SAP S/4HANAalong with SNP's BLUEFIELD™ approach powered by CrystalBridge®automation software. With this, enterprises can launch multiple projects and migrate selective data in one go, on any cloud environment - public, private or hybrid. Cloud4C brings in global best practices in comprehensive cloud readiness assessment, security and regulatory compliance adherence, and cost optimization. The minimum duration of the contract is until the end of 2023.

Michael Eberhardt, Chief Operating Officer (COO) at SNP, commented, 'Cloud-based modernization of SAP environments is a cornerstone of digital transformation, forming the basis for economic success on an unprecedented, accelerated path of business agility, continuity and innovation. A move to the cloud is increasingly becoming an integral consideration for strategic business- and technology-critical scenarios like SAP S/4HANA, mergers, acquisitions, carve-outs and infrastructure costs.We are pleased to partnerwith Cloud4C, taking our core capability in SAP landscape transformations to a new level globally. With our joint proposition, enterprises can rely on our selective data and process harmonization ability to minimize their cloud data footprint, thus delivering customer value through high-performance software for maximum project speed, accuracy and efficiency with minimal disruption and risk.'

Sridhar Pinnapureddy, Founder and CEO, Cloud4C, said 'We are delighted to partner with SNP as their cloud evolution partner providing end to end cloud managed services for enterprises. Our customers will now have a viable alternative to transform their most complex SAP deployments into next-generation integrated environments with Cloud4C migration factory framework, SNP's advanced software and global talent pool.Together, we will be able to help our customers embark on a cloud transformation journey through SAP Cloud Managed services, SAP S/4HANA transformation, Application Management Services (AMS) with reduced TCO powered by AIOps, Single interface for Platform Management.' He further added, 'With our Cloud value assessment including TCO analysis, compliance/regulatory and security assessment, special attention to the availability of key services, enterprises will be able to achieve their business/technology objectives through our innovative cost models and gain Total Cloud Control.'

For more information visit www.cloud4c.comand www.snpgroup.com.

Contact

SNP Corporate Headquarters

Nicole Huber

Phone: +49 6221 6425-920

Email: nicole.huber@snpgroup.com

SNP JAPAC Marketing

Priya Sharma

Phone: +65 6755 5979 ​

Email: priya.sharma@snpgroup.com

B.S. Rao

Vice President and Global Head (PR and Communications)

Cloud4C Services

Phone: +91 7680881634

Email: bsrao@cloud4c.com

Disclaimer

SNP Schneider-Neureither & Partner SE published this content on 05 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 November 2020 01:11:00 UTC


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Sales 2020 143 M 173 M 173 M
Net income 2020 3,67 M 4,43 M 4,43 M
Net Debt 2020 39,0 M 47,1 M 47,1 M
P/E ratio 2020 110x
Yield 2020 0,37%
Capitalization 420 M 507 M 507 M
EV / Sales 2020 3,21x
EV / Sales 2021 2,53x
Nbr of Employees 1 468
Free-Float 56,7%
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Average target price 67,50 €
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Michael Eberhardt Chief Executive & Operating Officer
Michael R. Drill Chairman
Heiner Diefenbach Chief Financial Officer
Achim Westermann Chief Technical Officer
Herbert Schuster Chief Information Officer
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