Press release

Equiteq advises Opal Wave on its acquisition by Sapphire Systems

June 15, 2021

Equiteq is pleased to announce that it has advised Opal Wave, a specialist SAP Enterprise Performance Management (EPM), Cloud Analytics and SAP HANA Platform consulting firm, on its acquisition by Sapphire Systems, a leading digital services provider.

Opal Wave is the UK’s leading specialist in SAP EPM and provides software, lifecycle services, managed and cloud hosting services to enterprise customers across a wide range of industries and international geographies. Opal Wave specialise in Enterprise Performance Management (EPM), including SAP Business Planning and Consolidation (SAP BPC), SAP Analytics Cloud (SAC), S/4 HANA Finance Group Reporting as well as leading SAP Platform and Hosting services.

Sapphire Systems is a leading enterprise software applications and digital operating technology provider to mid-market and enterprise customers. Headquartered in London, England, with sales, services and development locations throughout the UK, USA, Latin America and Asia, they work with 1,000 customers worldwide. 

The acquisition enables Opal Wave to accelerate its growth and scale by being part of a larger organisation, whilst its clients can benefit from Sapphire's extended Digital Operations Platform (DOP) portfolio. Sapphire will strengthen its EPM, Business Intelligence and Cloud Analytics capabilities by adding a team of highly skilled employees to its existing team of SAP experts.

Regarding Equiteq’s role in the transaction, Simon Bell, Director & Founder at Opal Wave said: “We have worked with Equiteq over a number of years, benefitting from their guidance in growing the business ahead of them supporting us through our sale to Sapphire Systems. Throughout the transaction, the Equiteq team were crucial, helping us understand and deal with everything in what was a complex and intense process. Their efforts and support allowed us to not only complete what was an excellent deal, but also manage to do that with minimum disruption to the business which, in retrospect, was quite a feat.”

Jerome Glynn-Smith, Managing Director at Equiteq said: “It was a pleasure to support the Opal Wave trio of shareholders in their transaction with Sapphire Systems. It’s great to have played a part in their growth journey through to this exciting outcome, joining an ambitious UK private equity-backed platform in enterprise technology transformation. This transaction reflects the value of specialist capabilities such as data and analytics as part of successful private equity buy-and-build strategies; meeting the needs of customers that are increasingly requiring end-to-end solutions to complex transformation projects.”

The acquisition combines Opal Wave’s deep domain expertise in SAP EPM, Business Planning and Cloud Analytics, with Sapphire’s leading enterprise software portfolio creating a powerful digital operations capability.

To see all of our deals, please click here.