SaaS revenue surpasses growing license revenue by 40%
Plans to double R&D capacity to accelerate Social, Mobile, Analytics and Cloud innovation
Extending the reach and depth of vertical solutions for the services industries
Sliedrecht, Netherlands, 19 August 2014,UNIT4, the global leader in software solutions that enable business change, today announced increased Cloud momentum with SaaS revenues surpassing growing perpetual licenses by 40 per cent in the first half of the year. Building on this momentum, UNIT4 will significantly increase its innovation capacity by doubling the R&D resources devoted to its Agresso ERP platform.
Organizations across the world are embracing Social, Mobile, Analytics and Cloud solutions as part of their efforts to modernize and deliver consumer grade experience to their users. UNIT4 has already invested substantially to create the next generation of enterprise software, as demonstrated with the latest release of its Agresso ERP platform, and through its investment in FinancialForce.com, the leading Cloud ERP solution on the Salesforce1 platform.
Building on its previous success, UNIT4 will strengthen its R&D capacity, devoted to the development of next generation ERP solutions, that anticipate and meet the demands of Enterprise Software users, and extending its vertical specialization for industries such as Education, Professional Services, Not for Profit, Wholesale, Accountancy and Public Services.
UNIT4 plans to double its Agresso product line R&D capacity within the next two years. The proven capabilities of the Agresso platform, such as easy business change, user experience and flexible deployment options for public, private and hybrid cloud will be extended to all UNIT4 solutions.
The additional development capacities and skills will be centered across Wroclaw, Poland and Granada, Spain where UNIT4 already has teams with over 150 developers in place. The UNIT4 R&D teams in Norway will remain at the heart of Agresso development, focusing on innovation and architecture.
“The enterprise software market is at an historical turning point,” said José Duarte, CEO of UNIT4. “New technologies and business models have emerged and are determining the future business software leaders. Our present and future investments in innovation represent our commitment to delivering a strong future to our clients, partners and employees. Building on our success to date, we will invest even more aggressively in innovation and R&D. Poland and Spain offer scalable, high quality talent pools that will allow us to build on existing, proven development operations.”
UNIT4 is a leading provider of people-centered enterprise software for services organizations. We bring to market cloud ERP and business applications designed to meet specific vertical market requirements helping customers embrace change simply, quickly and cost effectively. Through our solutions, our customers change and innovate at higher speed and lower cost.
The Group incorporates a number of the world’s leading software brands including UNIT4 Agresso, our flagship ERP suite for mid-sized and large services intensive organizations; UNIT4 Coda Financials, our best-of-class financial management software; and FinancialForce.com, the cloud applications company formed with investment from salesforce.com.
UNIT4 is headquartered in the Netherlands, with operations in 26 countries worldwide and more than 4,000 employees. For more information please visit the website at www.unit4.com, follow us on Twitter or visit our