Private equity firm OEP acquires SAP SI Rizing

Rizing

Carlo Padovano, OEP

New York City-headquartered private equity firm, One Equity Partners (OEP), has acquired the operating subsidiaries of Rizing, LLC, a leading SAP-focused provider of IT systems integration and implementation services.

OEP is a middle-market private equity firm targeting the industrial, healthcare, and technology sectors in North America and Europe, with offices in New York, Chicago and Frankfurt. The firm, which specialises in applying its strategic formula to build market-leading companies, has completed more than 150 transactions since its inception in 2001. It was spun out of JP Morgan in 2015.

Founded in 2003 and headquartered in Stamford, CT, Rizing is the parent company of SAP EAM services firm, Vesta Partners, and /N SPRO, which specialises in SAP HCM, SuccessFactors and SAP for Retail. Rizing has 14 regional offices in the US, Canada, Australia, Singapore, Malaysia, United Arab Emirates, and the Netherlands.

“The expansion of SAP S/4 HANA and its integration with strategically acquired cloud offerings such as SuccessFactors, Ariba, Hybris, Fieldglass and Concur, deliver significant value to customers, and SAP’s ‘systems of innovation’ tools allow customers to leverage next generation technology in big data, analytics, IoT, and machine learning,” said Carlo Padovano, managing director, OEP, adding, “Rizing is a key partner to its customers in SAP implementations.”

Describing Rizing’s management team, Padovano said: “The team has deep expertise in implementing and integrating SAP solutions for blue chip customers, and we are enthusiastic that they invested alongside us and lead the next growth phase.”

Explaining OEP’s anticipated role, Padovano said: “OEP will complement their operating expertise with our own experience driving strategic and synergistic combinations.”

“OEP is the ideal partner to help us to expand both our geographic and vertical footprint internationally where we have identified compelling organic and inorganic growth opportunities,” said Mike Maiolo, CEO, Rizing.

One thought on “Private equity firm OEP acquires SAP SI Rizing

  1. Pingback: Private equity firm OEP acquires SAP SI Rizing | SAP Online Portal

Leave a Reply