UK - Quadrate completes MBO

The Capital Fund, a £50m venture capital fund that invests in fast-growth companies in Greater London, and the company’s management team. Quadrate will use the funding to expand its sales, operations, develop additional technology and make further investment in its US offices.

Founded in 2001 by Philippe Jardin, now Chief Technical Officer, Quadrate produces user-friendly software tools that enable companies to use SAP R/3 business applications software more effectively, in a range of areas from production and distribution to finance, HR management and sales and marketing. The company has developed two unique products for SAP R/3, known as ERP², a powerful tool that rapidly loads data from spreadsheets and databases, and Qubed, a data extraction and reporting tool that allows users to run complex queries and generate reports in a matter of minutes.

During the last five years, Quadrate’s extensive client list has grown substantially and includes over 100 blue chip customers in Europe and the US. Household names such as, Unipart Group, Siemens, Rolls-Royce, Airbus, Apple, Vodafone Ireland, Unilever and Centrica are all users of Quadrate’s innovative technology.

The estimated cost of creating one standard SAP report or data extraction programme can be up to £20,000 and many of Quadrate’s customers have generated substantial cost savings from their use of the company’s products.

Unipart, one of Europe’s leading logistics companies, has up to 20,000 new transactions on its systems every week along with frequently changing data entry requirements. The firm used ERP² to quickly and accurately upload data into SAP, significantly reducing the time spent on data entry and eliminating manual errors. Daewoo Electronics used ERP² to transfer data into their new SAP system reducing their project implementation period by one month and generating cost savings of £1m.

As well as enhancing its existing products, Quadrate is currently developing several new products, including the shortly to be released Quadrate Data Integration Suite, that will enable organizations to integrate SAP systems with any other systems that they may be running.

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