SEIDOR Achieves Total Revenue of $650 Million in 2021, 29.5% More Than 2020
May 4, 2022
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."
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 U..S, 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.
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.
Press Release Service by Newswire.com
Original Source: SEIDOR Achieves Total Revenue of $650 Million in 2021, 29.5% More Than 2020
More News
Uzbekistan Wants Out of the Iran-US Social Media War
Tashkent summoned the Iranian ambassador to lodge a protest regarding social media posts by Iranian diplomatic missions regarding the history of Samarkand.
‘Pull Out the Sick Trees’: Xi’s Constant Purges Pave Way for Next Term
The Chinese leader Xi Jinping, who is likely preparing to secure a fourth term in power in 2027, has complained that officials cannot be trusted.
Beyond the Pukpuk Treaty, Australia’s Strategic Footprint in PNG Grows
In the wake of the Pukpuk Treaty, Australia and PNG continued to deepen relations with a new rotation planned, defense infrastructure investment, and expanded ADF recruitment.
Singaporean woman admits conspiring to abuse Megan Khung, helping dispose of her body
A Singaporean woman pleaded guilty on Monday to conspiring with a friend and the friend’s boyfriend to abuse four-year-old Megan Khung, and helping to dispose of the child’s body after she died following months of abuse. Nouvelle Chua Ruoshi, 36, pleaded guilty to three charges, including conspiracy to commit child abuse, intentional disposal of a corpse and methamphetamine consumption, The Straits Times reported. Three further charges for conspiracy to commit child abuse will be considered when...
A US Pivot Toward Commercial Espionage?
However justified or inevitable it might be, this represents a major shift in how the U.S. has thought about intellectual property for the last three decades.
Face-Offs at India-China Border Are Continuing at Multiple Points, ITBP Chief Confirms
Since June, civil society groups and local media warned of PLA encroachments into Arunachal Pradesh. Hitherto, Delhi’s response was to deny and dismiss their claims.
Climate damage to Philippine ports could cost US$70b a year by 2100
The Philippines faces the highest climate-driven port damage costs in Southeast Asia, with annual losses projected to hit US$70.2 billion by 2100, the Asian Development Bank (ADB) has warned. Analysts say the damage could cripple supply chains, drive up food prices and threaten livelihoods, urging Manila to adopt a more coordinated approach to flood protection rather than simply strengthening port infrastructure. In its latest report titled “Asia-Pacific Climate Report 2026: Coastal Risks on the...
What Does Durga Puja Tell Us About Minorities in Bangladesh?
The largest Hindu religious festival went off smoothly – a credit to the new BNP government.
Indonesia defends Singapore gas cuts, cites rising domestic needs and contractual limits
Indonesia has defended its decision to cut natural gas exports to Singapore, citing domestic electricity and industrial needs and arguing that the reduction remains within contractual limits. The cuts came days after Indonesia’s energy minister warned that his country could stop exports to nations that “did not respect” it. On Monday, Energy Minister Bahlil Lahadalia defended the reduction of 31 million standard cubic feet per day in pipeline gas exports to Singapore, saying it represented about...
AI chip surge lifts South Korea to record surplus, behind only China
South Korea earned US$116.63 billion more from the world than it spent in the second quarter of this year – exceeding the combined current account surpluses of Germany and Japan for the first time on record. The current account measures a country’s trade and income with the world. It counts goods and services sold abroad, money earned on overseas investments and payments flowing the other way. A surplus means more foreign currency is coming in than going out. Surging demand for semiconductors...
China may well be the next big competitor for Asian migrant labour
For decades, China was one of the world’s largest sources of migrant labour. Its workers staffed factories at home and built infrastructure abroad. But demographic decline may eventually force China to contemplate a striking reversal: importing workers on a meaningful scale. That change is not imminent. China still has a vast labour force and substantial youth unemployment. It is investing heavily in industrial automation, extending working lives through a gradual increase in the retirement age,...
‘Fed up’ Malaysian sultan rebukes scandal-hit pilgrimage fund, demands accountability
A Malaysian ruler is demanding accountability over the mismanagement of a pilgrimage fund, after a government rescue package, criminal proceedings against former officials and half-hearted reforms have fuelled concerns about political influence in an institution entrusted with the savings of millions of the country’s Muslims. Tabung Haji holds the savings of more than 9.8 million depositors and helps Malaysian Muslims finance and undertake the pilgrimage to Mecca, a religious obligation for...
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.