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SAP makes Equity Investment in Vistex
The new investment will help the company's customers will now be able to receive a new level of continuity and accelerated innovation, especially cloud solutions.
FREMONT, CA: Mission-critical processes solution provider for businesses, Vistex, received an equity investment from SAP SE of an undisclosed amount. The investment marks a key milestone in the 16-year relationship between the two companies and highlights SAP's focus on accelerating innovation in its ecosystem on behalf of its customers. Vistex is an industry leader that helps progressive companies to enable sales and marketing further while reducing risk, accelerating digital transformation, and helping to future-proof their SAP investments.
"Vistex is a pioneer in developing ERP solution extensions for the unique needs of industries ranging from media to agriculture, to consumer products and automotive," said Karl Fahrbach, chief partner officer at SAP. "More than ever, businesses need tools like those developed by Vistex to remain agile and adapt to ever-changing economic trends while offering the ability to make smarter, faster business decisions based on real-time data."
Vistex's solutions are sold as SAP Solution extensions, and its software manages mission-critical programs like pricing, trade, royalties, and incentives. All these come as part of the company's enterprise management system. Vistex's solutions can be run inside or alongside SAP Business Suite applications, and SAP S/4HANA, offering real-time insights into program performance.
"I am proud of the enduring partnership we have built with SAP. This opens a new chapter, to propel leading edge transformation for customers leveraging proven world-class SAP technologies and solutions," said Sanjay Shah, Founder & CEO of Vistex. Raju Datla, President of Vistex, added, "Building on SAP's Industry Cloud announcement, we look forward to supporting critical business processes with advanced technologies designed specifically for verticals."
Vistex also holds an excellent track record at deploying solutions for hundreds of customers across various fields, like consumer products, wholesale distribution, retail, life sciences, high tech, media and entertainment, industrial manufacturing, chemicals, and automotive. The new investment will help the company's customers will now be able to receive a new level of continuity and accelerated innovation, especially cloud solutions. The investment in Vistex portrays SAP's commitment to developing its partner community and reflects the impact that the partner ecosystem has on its overall success.