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SEIDOR achieves turnover of €606m in 2021
Multi-national IT consultancy firm posts strong financial results after impressive performance across the globe.
- Technology consultancy firm maintains double-digit annual growth and is on target to reach €1,000 billion by 2025
- SEIDOR ends 2021 with a presence in 40 countries, serving large companies, SMEs and the public sector
- Significant growth in 2021 across Europe and America, and positive growth in the Middle East and Africa.
- New acquisition of several companies, such as Impala Networking Solutions and the French company WorkWell, reinforcing its national and international presence.
SEIDOR, a multinational consulting firm specialising in technology services and solutions, including SAP Business One and SAP Business ByDesign, has closed the 2021 financial year with a turnover amounting to €606 MM, 29.5% more than in 2020, whose turnover was €468 million. With this turnover rate, SEIDOR maintains double-digit annual growth and is in line with its goal of reaching €1 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".
Global 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 positive growth in the Middle East and Africa.
In terms of turnover, 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 as in 2021, but with a focus 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 with the aim of completing its capabilities and solutions offering.
Find out more at https://www.seidor.com.