SAP Fioneer acquires majority stake in okadis Consulting

Walldorf/Eschborn, Germany – April 4, 2022 – SAP Fioneer, the leading global provider of financial services software solutions and platforms, has acquired a majority stake in okadis Consulting GmbH, the consulting company and SAP software house based near Frankfurt, Germany.

The acquisition is built on an already successful and proven partnership and demonstrates SAP Fioneer’s commitment to innovation and developing state-of-the-art software solutions for financial services. Since 2003, okadis has provided SAP consulting, application services, additional products and solutions to customers that run on SAP’s financial software. With this addition to the SAP Fioneer family comes a team of highly skilled employees specialized in SAP Fioneer’s product portfolio.

“This acquisition is highly strategic and sends a positive message to the market that underlines our commitment to constantly innovating and enriching our portfolio of solutions. The okadis team brings deep expertise in the areas of financial accounting, regulatory reporting and analytical banking within the German financial services industry along with longstanding experience of our products. Our goal is to respond to the market’s need for innovation in areas such as Environmental Social and Governance (ESG) reporting, by accelerating the development of new products and solutions.”Dirk Kruse, CEO at SAP Fioneer

“After founding okadis Consulting more than 20 years ago, this is an exciting strategic step for our customers, employees and the business. Being part of SAP Fioneer, our customers will benefit from deeper market expertise, access to a wider portfolio of products and innovative solutions which we’ll develop with our new colleagues. We look forward to the next chapter of continuing to deliver the first-class service and solutions that our customers expect from us.”Björn Jonas, Managing Director at okadis Consulting

For customers, partners, and employees, there will be no immediate change as the okadis brand and company will remain in place for the time being.

The announcement comes after SAP Fioneer’s acquisition of Hedwell, a software and IT company specialized in insurance, in November 2021.

About okadis

okadis Consulting GmbH is a consulting and software company founded 2003 in Frankfurt am Main. With a laser focus on the financial services industry, we provide banks, banking service providers as well as investment and insurance companies with consulting services and innovative software solutions tailored to their needs. Our professional, solution-focused approach coupled with our creative and customer-first mentality set the foundation for the collaborative partnership we have with our customers.
The combination of longstanding business expertise and deep technical skills means we can deliver the holistic view which is essential for implementing successful projects and develop reliable and stable software products. okadis offers tailor-made solutions for its customers without losing the focus for standardization and scalability.