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May 04, 2022

SEIDOR achieves total revenue of $650 Million in 2021, 29.5% more than 2020

SEIDOR, a multinational consulting firm specializing in technology services and solutions, has closed the 2021 financial year with revenue amounting to $650 million, 29.5% more than in 2020. With this revenue increase, SEIDOR maintains double-digit annual growth and is in line with its goal of reaching $1.05 billion by 2025.

By the end of 2021, SEIDOR had reached a team of 6,157 professionals, while it closed the previous year with 5,416, representing a growth of 14%. Of this growth, 68% has been organic, and the rest via acquisitions.

According to Josep Benito, CEO of SEIDOR, "the results and the positive evolution of the company confirm the validity of the growth strategy, based on the diversification of the offer of solutions, the integration of leading IT companies, and the access to new markets, as well as the achievement of synergies as a global company.”

Benito added that "SEIDOR's objective is to consolidate its brand strategy to position itself as a technology consultancy firm with a comprehensive portfolio and global capabilities in large companies, SMEs, and the public sector.”

40th anniversary

With the brand strategy, SEIDOR's corporate director of marketing and communication, Iván González, pointed out that "this year, we are celebrating the company's 40th anniversary, an ideal moment to launch our new image.” According to Iván González, "the new visual identity responds to a new strategy that continues to focus on technology but humanizing it.”

"In our image, we have the claim 'Human Focused Technology Experts,’ with which we want to highlight the human aspect of our activity, which is fundamental for the progress of the business,” added González.

Presence in 40 countries

The consultancy firm ended 2021 with a direct presence in 40 countries. SEIDOR has seen significant growth in Europe (Spain, Portugal, UK, Italy, and Belgium) and the Americas (especially Brazil, Chile, Argentina, and Peru) and growth in the Middle East and Africa.

In terms of revenue, the weight of the different regions is divided between Europe, with 69%; the Americas, with 27%; the Middle East and Africa, with 2% each.

In 2022, SEIDOR expects to continue a similar evolution in all these regions in 2021, focusing on Asia, the US, and EMEA South (Southern Europe and North Africa), mainly through acquisitions. On the other hand, the consultancy firm will continue to identify opportunities in LATAM to complete its capabilities and solutions offering.

Through its innovation centers in Silicon Valley, Tel-Aviv, and Barcelona, SEIDOR is driving IoT, AI, and Smart Mobility projects to respond to critical business challenges and connect with the main start-up ecosystems around the world. The consultancy firm also occupies a relevant position in specializing in this type of solution in Healthcare, Education, and Industry.

Acquisitions to diversify the solutions offering

To continue to strengthen its service offering and geographical expansion, SEIDOR has carried out acquisitions such as NTS, through which the consultancy firm has incorporated the Salesforce practice in Spain and strengthened its capabilities in intelligent mobility and IoT; Metrocis and Sycnet in LATAM, to reinforce its SAP and infrastructure offering.

In 2020, SEIDOR acquired Clariba, which has positioned SEIDOR as an international leader in Analytics and strengthened its presence in the Middle East and Europe in this practice.

Strengthening talent management and sustainability

SEIDOR is committed to sustainability based on four pillars: the development of ICT talent, the promotion of diversity in the workplace, respect for the environment, and ethical business management.

The company trains 400 people annually through alliances with universities and the SEIDOR Academy, the consultancy firm's training center in ICT talent development. The company also has a retention policy based on flexible work models, personalized development plans, and multiple opportunities for evolution based on different technological practices.

Comprehensive offer for large companies, SMEs, and the public sector

The expansion of SEIDOR's range of services has enabled it to offer the market a differentiated integral proposal for large companies, SMEs, and the public sector, which provides total and global coverage for the transformation needs of its clients through technologies.

Although all areas are growing at double digits, the growth rates are higher in those technologies that still represent a smaller volume of business in SEIDOR's activity compared to other more established areas, such as ERP or Analytics, mainly those linked to the most significant technological trends, such as Cloud, Customer Experience, Cybersecurity, Workplace, and Innovation such as IoT, AI, and Smart Mobility.

SEIDOR also plans to strengthen its own products' design, development, and marketing, generating intellectual property, such as Clinicgram and Círculum, Ulises, IoT Bricks, and Precision Farming, on platforms of the primary leading international technology providers.

New partners and strengthened strategic alliances

By 2021, SEIDOR has reached agreements and boosted its relationship with technology providers such as Salesforce, Google, AWS, and Cisco. It has also strengthened strategic partnerships, notably with SAP, Microsoft, IBM, and Adobe.

The consultancy firm also has stable collaborations with European institutions and multilateral organizations to promote digital transformation projects worldwide, such as the European Commission, the European Parliament, the European Investment Group Bank, the UN, and the Banque Africaine de Development, among others.

Partnerships with institutions to promote economic activity and talent include leading international business schools, universities, technology centers, and business associations.

An expansive start to 2022

In January of the current financial year, SEIDOR acquired all of Impala Networking Solutions, an integrator specializing in corporate communications services, IT security, and data center infrastructure. With this operation, the technology consulting firm has expanded its Communications Area.

Finally, in March, the company signed its landing in France with the purchase of WorkWell, which specialized in IT solutions for small and medium enterprises and, for 20 years, partner of SAP Business One. With this purchase, the new SEIDOR WorkWell expects to grow by 25% annually through the implementation of SAP business software in French SMEs.

International partner recognition

In 2021, SAP recognized SEIDOR as one of the best global partners in the market. SEIDOR was awarded in 17 categories in all the regions it operates, highlighting the recognition achieved in three types of the SAP Pinnacle Awards.

On the other hand, the technology multinational has also been awarded by IBM as a partner of the year in the Sell Business category in the EMEA region (Europe, Middle East, and Africa) for its contribution to boosting organizations through IBM solutions, such as Hybrid Cloud, Security or AI, among others.

Microsoft has also awarded SEIDOR the prize for the best partner in social impact 2021.

About SEIDOR

SEIDOR, a Platinum award-winning local SAP partner, is a technology consultancy firm that offers a comprehensive portfolio of solutions from SAP, including SAP S/4HANA, SAP Business ByDesign, SAP Business One, SAP SuccessFactors, and SAP Analytics. SEIDOR also provides consultancy, implementation, development, and maintenance of applications and infrastructure and outsourcing services. With a global workforce of more than 6,500 highly qualified professionals, we have a combined history of successfully serving more than 8,500 customers in 40 countries, including the United States, Europe, Latin America, the Middle East, Africa, and Asia.

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