HMT LLP advised leading provider of enterprise software applications and digital operating technology Sapphire Systems on their acquisition of SAP Business ByDesign partner InCloud Solutions.
InCloud Solutions is a hugely successful and well-respected SAP Business ByDesign partner and carries an impressive portfolio of SAP aligned products from which Sapphire will be able to further strengthen its Business ByDesign capabilities and benefit from a team of highly skilled employees.
Sapphire will accelerate InCloud’s growth through its scale and reach, complimented with an expanded portfolio enabling a deeper engagement with their clients as they execute their digital transformation journey.
Backed by Horizon Capital, this latest deal represents Sapphire’s third deal of 2021 as part of its strategy to fast track growth organically and through acquisition. Following Sapphire’s recent acquisition of ITOM Solution, and the subsequent acquisition of Pioneer B1, this latest transaction aligns the company’s vision to become a leader in the provision of digital operating platforms and enterprise software applications.
HMT led by Paul Read and Will Wimmer undertook financial due diligence for Sapphire on this transaction.
Martin Royle, M&A Director at Sapphire commented:
“We are delighted to welcome SAP Business ByDesign specialist In Cloud Solutions to the Sapphire group, strengthening and expanding our SAP practice. For the second time in quick succession, HMT were instrumental in helping us get this over the line. We very much value the help and insight Paul and Will bring to the process.”
Paul Read commented:
“We are delighted to have advised Sapphire and Horizon Capital on another occasion, this time on their acquisition of InCloud Solutions. Sapphire is continuing to progress its accelerated growth strategy both organically and through acquisition, with the aim of delivering on the company’s vision to become the leader in the provision of digital operating platforms.”