Syniti, a global leader in enterprise data management, has announced that the Heraeus Group, a German multi-technology company, has chosen Syniti solutions to establish a migration factory approach to better manage mergers, acquisitions and divestitures (MA&D) activities.
Successful MA&D has its roots in data, from due diligence to harmonising data sets and always requires some type of system integration or separation. Establishing a repeatable, automated approach focusing on critical, high-quality data will help expedite business benefits from these transformation efforts. To achieve this, Heraeus Group has selected Syniti’s unified data management platform and will use Syniti services for its first complex merger project.
The Heraeus Group, headquartered in Hanau, Germany, is a globally leading family-owned technology company. Regularly conducting MA&D activities, Heraeus manages information from diverse sources, including various SAP and non-SAP systems and complex custom-built solutions. The company sought a partner to improve these processes and establish a framework for on-going data work for system transformations.
Enablement was a key criterion for choosing Syniti, aiming for the company to eventually take over activities for on-going deployments. Heraeus Group needed a partner to provide more visibility into data and data quality and the capabilities to transform, harmonise and de-duplicate data from various systems for its on-going MA&D activities. Syniti will deliver the first transformation project and enable Heraeus Group to take on future complex transformations using Syniti’s software.
Syniti Knowledge Platform, sold as an SAP Solution Extension under the name SAP Advanced Data Migration & Management by Syniti, is a cloud-based data management software supporting all data functions in a single unified solution. It orchestrates and automates data transformation projects throughout the enterprise data lifecycle, including repeatable processes for future projects. An IDC Business Value Study found that customers using the solution experienced significant business value and project benefits, including a 314% three-year return on investment and US$914,000 in reduced operating expenses.
Christian Hauck, Group CIO and Head of IT at Heraeus Group, said: “With all the MA&D activity going on, having a birds-eye view of the data quality of our master data was a key requirement for us. With Syniti’s help, we’ll be fully confident in our ability to improve the entire data migration process.” Kevin Campbell, CEO of Syniti, said: “Like many large and successful organisations, Heraeus Group has a critical need for visibility and repeatable processes for data migration. Syniti is using our unique data-first strategy to help Heraeus Group establish a repeatable approach for meeting their transparency, governance and reusability requirements in a comprehensive, outcome-driven way. We look forward to providing the software, training and enablement support, including using Syniti apprentice model for competency building, which Heraeus and their customers need for hassle-free data migrations.”
