
UK - a2e and The Capital Fund back data management MBO
Quadrate, a leading data management software company and creator of innovative solutions that enable businesses to rapidly migrate data to and from SAP, facilitating efficient data management and reporting, has completed an MBO. Funding was raised from a2e Venture Catalysts, which led the investment round,The Capital Fund 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.
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.
David Chisem, chief executive of Quadrate, said: 'Our customers use our software solutions to manage and analyse data for hundreds of thousands of transactions every week. End-users range from highly-skilled IT staff to finance managers, who may want to make journal entries, generate reports or run payroll functions; or perhaps HR personnel, who need to add new employee details, update pension records or calculate vacation entitlements. Our products can be delivered by 9:00 am, installed by 9:15 am, and the users can be trained and productive by 11:00 am. We empower end-users to manage their own data, freeing-up IT staff to concentrate on system critical tasks.'
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 ERP to quickly and accurately upload data into SAP, significantly reducing the time spent on data entry and eliminating manual errors. Daewoo Electronics used ERP 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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