Unit4 Explained

Unit4
Type:Private
Foundation:1980
Industry:Cloud computing software, software
Revenue:€372.2 million (2019)[1]
Num Employees:2,600

Unit4 is a software company that designs and delivers enterprise software and ERP applications and related professional services for people in services organizations, with a special focus on the professional services, education, public services, and nonprofit sectors.It has subsidiaries and offices in 23 countries across Europe, North America, the Asia-Pacific region and Africa.

The company is best known for its People Experience Suite including Unit4 ERP, Unit4 Financials, Unit4 FP&A, and Unit4 Talent Management.[2] In 2015, Unit4 announced a partnership with Microsoft to build self-driving business applications on the Microsoft Azure cloud. Unit4's software is available in either cloud or on-premises setups, with support for on-premise ending in December 2024. In 2020, the company launched a Global Channel Partner Programme to aid partners in implementing Unit4 software.[3]

History

Unit4 was founded in 1980 by Chris Ouwinga and listed on the Amsterdam Stock Exchange in 1998.[4]

In 2000, Unit4 merged with the Norwegian ERP software house Agresso Group ASA[5] and the company name was changed to Unit4Agresso.

In March 2014, Unit4 was acquired by international venture capital firm Advent International.[6]

In 2015, Unit4 rebranded its Coda financial management software package as Unit4 Financials.[7] The Unit4 People Platform was also launched in 2015 as the foundation for Unit4 business applications using Microsoft Azure technology.

In April 2019, Mike Ettling, former president of SAP SuccessFactors and CEO of NGA Human Resources, became Unit4's CEO.[8]

Global growth private equity firm TA Associates announced the strategic growth buy out of Unit4 for more than $2bn in March 2021. Global private markets firm, Partners Group, will invest alongside TA.[9] In April 2021, Unit4 released ERPx, its next-generation intelligent Enterprise Resource Planning (ERP) solution built for mid-market, people-centric organizations.[10]

Acquisitions

Acquisitions by Unit4
Acquisition numberAcquired companyAcquisition dateSpecialtyCountry of originAcquisition costs
9Scanmarket2022Source to ContractDenmark
8Compright2021Compensation PlanningSan Francisco
7 Intuo[11] 2019Talent ManagementBelgium
6 Assistance[12] 2017Professional ServicesNetherlands
5 Prevero[13] 2016CPM Germany
4 Three Rivers2015Education USA
3 Prosoft2015HRM Asia
2 Teta2010Accounting and Services Poland
1 CODA2008 Accounting UK

Recognition

In 2023 Unit4 has been recognized as:

Notes and References

  1. Web site: Unit Who? The Unit4 sleeping giant awakes. 24 February 2020.
  2. Web site: Melissa Evatt . 17 January 2023 . Unit4 launches new Marketplace platform . 17 January 2023 . ERP Today.
  3. Web site: 30 January 2023 . Secured five-year agreement worth NOK 10 million . 30 January 2023 . Finansavisen.
  4. Web site: Claus Jepsen . 14 April 223 . How Integration-As-A-Service Could Be The Missing Link For People-Centric Organizations . 14 February 2023 . Forbes . EN.
  5. Web site: Steve Brooks . 25 April 2023 . Unit4 opens up App Studio to customers and partners to innovate solutions . 25 April 2023 . Enterprise Times.
  6. News: Islam Soliman . 6 March 2023 . New CRO joins Unit4 to lead global GTM activity . IT Europa . 6 March 2023.
  7. Web site: Jochen Wießler . 10 April 2023 . Digital businesses are more flexible post-lockdown than before, but there's still a lot of work to be done . 10 April 2023 . Sysbus.
  8. Web site: 25 April 2023 . Unit4 Announces General Availability of App Studio . 25 April 2023 . Emerce.
  9. Web site: Phil Wainewright . 31 July 2023 . Unit4 CEO Mike Ettling on enterprise resilience, ChatGPT, and the BRICS effect . diginomica.
  10. Web site: Mike Ettling . 28 June 2023 . Intelligent Transformation In A Multipolar World: Why Organizational Resilience Is Critical . Forbes.
  11. News: Sara Portell . 20 October 2023 . Full automation: a vision of the future . ERP Today .
  12. News: Claus Jepsen . 26 October 2023 . Is It Time To Reconsider Your PaaS Usage? . Forbes .
  13. News: Phil Wainewright . 10 November 2023 . Unit4 rolls out packaged services to help its on-premise customers go cloud in the next 2-3 years . diginomica .