Freudenberg IT

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Freudenberg IT GmbH & Co. KG
Kommanditgesellschaft
IndustryComputer Services
Founded1995
HeadquartersWeinheim, Germany
Key people
Horst Reichardt, CEO Group
Wolfgang Schneider, CFO Group
Olaf Herbig, Global CIO,
Mohammad Ahmad, Global Operations
Michael Heuberger, Regional CEO Americas
Dawn McNabb, Regional CFO Americas
Ralf Sürken, Regional CEO Europe
Markus Stotz, Regional CFO Europe
Reto Bless, Regional CEO Asia
Lian Li, Regional CFO Asia
RevenueIncrease$ 170 million USD(2009)
Number of employees
744 (as of 2015)
Websitewww.freudenberg-it.com

Freudenberg IT SE & Co. KG is an IT company specializing in SAP consulting, outsourcing, manufacturing execution system & managed hosting. It is part of the Freudenberg Group of companies which is a family owned enterprise. The group has a history starting in the year 1849. Freudenberg IT started as an IT spinoff in year 1995. An association with SAP started when Freudenberg became number seven customer of SAP and SAP R1 was installed on Freudenberg systems. Since then they have been able to establish a global presence. Today Freudenberg IT is operating out of 18 locations in Europe, North America, China and South East Asia with over 600 associates. They also collaborate with partners in other regions on a project-by-project basis.

Freudenberg IT is headquartered at Weinheim, Germany. In 2009, Freudenberg IT crossed USD 100 million in annual revenue. Freudenberg Group registered a turnover of about USD 7 Billion in 2008.[1]

History[edit]

Freudenberg IT (FIT) is part of Freudenberg Group of companies. Around 1995, Freudenberg Group was faced with a question many companies encounter: that of whether to transfer its in-house IT services to a third party. Following comprehensive external benchmarking, the group made a decision to take an entirely different path by achieving legal independence and entering into business transactions with third parties i.e. becoming an IT Spinoff. An independent entity Freudenberg Informatik KG was created which was later renamed as Freudenberg IT. Today Freudenberg IT or FIT is Germany’s most successful IT spinoff, realizing more than three fourth of its revenue from external customers.[citation needed]

In Germany Freudenberg IT is located at Weinheim, Balingen, Düsseldorf, Munich & Hamburg. Their first office outside Germany was in Barcelona, Spain. Later they established offices at Budapest, Hungary and Kiev, Ukraine. In North America, Freudenberg IT is present in Philadelphia, Detroit, Atlanta, Raleigh – Durham, Los Angeles, Halifax CAN & Mexico City MEX. In China they are present in Beijing, Shanghai, Suzhou & Guangzhou. In 2009 Freudenberg IT established an office in Singapore to act as a hub for customers in South East Asia.

In November 2001 Freudenberg IT purchased 75% stake in adicom, the systems enterprise provider based in Balingen, Germany.[2] With this acquisition Freudenberg IT was able to complement its SAP service suite with a Manufacturing Execution System product. As a MES system, adicom is able to operate as a standalone system or in conjunction with any ERP system.

From 2010 to 2014, TechCatalyst, a Mumbai based IT company, provided offshore IT support to Freudenberg IT's SAP managed hosting customers. TechCatalyst also provided white labeling IT support services for Freudenberg IT's customers. In 2014, Freudenberg IT terminated its offshore IT support partnership with TechCatalyst India, and established its own IT support company in Publa, Mexico. Mohammad Ahmad, leaving from T-Systems, joined to lead Freudenberg IT operations at Publa in Mexico. Mohammad Ahmad also recruited large numbers of employees from T-Systems and many immediate graduates from major Universities of Mexico to join to support Freudenberg IT at Publa, Mexico.

With raising popularity of cloud services with the tech giants Amazon AWS, Microsoft Azure, Google Cloud Platform, IBM Cloud, the large number of SAP Managed hosting customers started moving out of Freudenberg IT's managed hosting to Azure, AWS, Google Cloud Platform, and therefore FIT was forced to find buyers. On January 22nd, 2019, a Canadian based leading provider of cloud managed ERP services company, Syntax Systems, announced its agreement to buy Freudenberg IT (FIT) with its about 800 employees. [3]

References[edit]

  1. ^ Freudenberg Group registered a turnover of about USD 7 Billion in 2008 http://www.freudenberg.com/ANNUALREPORT2006/content/content/lagebericht/01.html
  2. ^ Freudenberg IT acquires adicom "Archived copy". Archived from the original on 2011-07-11. Retrieved 2010-12-16.CS1 maint: Archived copy as title (link)
  3. ^ https://www.syntax.com/freudenberg-it-fit-and-syntax-join-forces/