Engagement — Add-on Due Diligence
Code & Co. provides AI & Tech Due Diligence to aconso Group ahead of its combination with Centric Germany, a leading AI-powered player in HR document management systems.
aconso (“the Company”), a leading AI-powered player in HR document management systems, has announced its merger with Centric Germany (“Centric”), the German subsidiary of Centric Group. Supported by Keensight Capital (“Keensight”), one of the leading private equity managers dedicated to pan-European Growth Buyout investments, the acquisition unites Centric’s longstanding SAP document management system and compliance expertise together with aconso’s vendor-agnostic platform.
Scope of work
Code & Co. advised aconso on AI & Tech Due Diligence through an in-depth evaluation of Centric Germany’s platform, covering its SAP-centric product architecture, integration approach within enterprise HR environments, employee lifecycle processes, and AI capabilities.
The assessment further examined the underlying technology stack, infrastructure, scalability, and security practices, and concluded with a review of Centric Germany’s engineering capabilities, software development lifecycle, and quality assurance processes.
About Centric Germany
As a specialist in SAP HCM and SAP SuccessFactors, Centric Germany has been focusing on enhancing SAP systems for over ten years. More than 850 companies worldwide rely on solutions from the Centric portfolio, which includes audit and compliance tools, HR document processes, and SAP SuccessFactors consulting. As a Sell, Service, and Build partner, Centric Germany offers some of the most successful products in the SAP Store and is proud to have been recognized by SAP as a “Spotlight+ Apps” partner. www.centric-hr-solutions.com
About aconso
aconso empowers more than 600 HR teams globally to prioritize their company’s most valuable assets – the employees – while creating and managing 1 billion HR documents for more than 6 million employees annually. Founded in 2001, aconso invented the digital personnel file and set new standards for digitizing and automating HR processes, becoming the market and innovation leader for cloud software in HR document management. aconso has offices in Germany, Austria, and Switzerland, and recently launched in the United States with an office in Delaware. aconso partners and integrates with the leading employee management software providers, including Workday, SAP Success Factors and ServiceNow. www.aconso.com
About Keensight Capital
Keensight Capital (“Keensight”), one of the leading European Growth Buyout firms, is committed to supporting entrepreneurs as they implement their growth strategies. With over 25 years of experience and more than €8bn of assets under management, Keensight Capital’s team of seasoned professionals leverages their differentiated private equity experience to invest in profitably growing companies generating revenues in the range of €10 million to €400 million. Drawing on its expertise in the Technology and Healthcare sectors, Keensight identifies the best investment opportunities in Europe and works closely with the management teams, providing capital, strategic guidance and operational support. Keensight operates in more than 90 countries across the globe with a presence in Paris, London, Boston, and Singapore. www.keensight.com