Both the companies look ahead to improve customer returns on SAP investments.
Magnitude Software, Inc., a leader in delivering unified application data management to global organizations, has lately announced to acquire Z Option Inc., a provider of cost-effective, ready-to-use software. The deal is Magnitude’s fourth acquisition in little over a year and eighth in total.
Chris Ney, Chairman and CEO, Magnitude Software, stated, “Magnitude’s mission is to simplify the complex application landscape for our customers, enabling them to realize significant productivity gains by unlocking the value promised by enterprise platforms like SAP.” Further, he added, “Z Option shares a similar mission – to improve customer return on SAP investments by delivering efficient execution of common SAP functions directly from Microsoft Excel®– making Z Option an ideal complement to Magnitude’s Unified Application Data Management product family.”
The deal to elevate Magnitudes offering value
Magnitude, recognized on the 2018 Inc. 5000, recently announced the tripling of its recurring revenue, profit, and the global team over three years. When combined, Magnitude and Z Option can facilitate faster, more accurate data management, reporting and analytics across SAP customers’ fragmented application environments from the convenience of Excel.
According to the reports, Z Option’s GLSU and Budget Loader solutions complements Magnitude’s growing SAP Application Data Management solution set, which includes agile SAP data management and analytics from Magnitude’s Innowera, Every Angle and SourceConnect solutions. Moreover, Magnitude’s Innowera solutions will further increase the productivity of GLSU users as they seek to perform bulk data management and journal entries in their SAP environments through workflow and governance capabilities already available in Magnitude’s Innowera solutions.
The acquisition to enhance global expansion for both the companies
Jim Halepaska, Principal, Z Option, said, “We are excited about joining Magnitude as it will provide both companies the opportunity to accelerate global expansion in the SAP market. Together, we offer SAP customers an unmatched, unified application data management portfolio including a flexible, intuitive spreadsheet interface for collecting and posting financial transactions to SAP that boosts employee productivity.”
About Magnitude Software
Austin, Texas-headquartered Magnitude enables thousands of business entities to simplify management of their data and deliver on the substantial productivity gains modern applications originally promised.
About Z Option
Z Option Inc., a privately held Texas C-Corporation and SAP software partner, has provided effective software solutions for corporations such as Shell, Rio Tinto, and Kraft Foods. Incorporated in 1999, Z Option’s growing list of Fortune 500 and smaller customers has underscored the company’s commitment to engineering superior complementary SAP software that focuses on solving real-world end-user problems.