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Printed on date: 4/28/17

Sycor Group

Company history

Sycor Historie / Sycor History

Learn more about our company history from its roots back in 1994 up to today.

1994 – 1998: From Sycor's roots to its incorporation

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In 1994, the 8-person IT department at Ottobock is tasked with implementing SAP ERP (formerly SAP R/3) enterprise software in all modules on a central system in Duderstadt. Over the following years, the team's expertise grows as they implement the SAP system and perform roll-outs at 15 locations worldwide. The IT department pushes for a global logistics concept at Ottobock and begins its implementation. Following the company-wide integration of a telecommunications solution in the IT area in 1997, the two IT managers, Dr. Marko Weinrich and Rüdiger Krumes, come up with the idea of founding an IT service provider. In February 1998 their idea becomes a reality: SYCOR GmbH is founded and the Ottobock IT department is integrated into the new company. Fourteen employees based in Duderstadt start work in March 1998. CEOs are Dr. Marko Weinrich and Rüdiger Krumes.  

Milestones

1998   
Founding of SYCOR GmbH at Duderstadt location

 

 

1999 – 2003: Göttingen acts as base for strategic expansion

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The move to the building near the train station in Göttingen, with its modern infrastructure and optimally equipped computing centers, lays the foundation for the company's strategic growth. In 2000 and 2001, Sycor begins to expand both at home and abroad, acquiring shares in two companies in Germany and opening foreign branches in the US and Singapore. At the same time, the company initiates a strategic process aimed at targeting Sycor's market position. In 2002 the group receives two recognitions, the DIN EN ISO 9001:2000 certification and the SAP Hosting Partner certification. The strategic process initiated in 2001 is implemented and applied internally up into 2003.

Milestones

1999   
SYCOR GmbH becomes an incorporated company (AG)
Move to Göttingen

2000
Acquisition of shares in SLA Unternehmensberatung GmbH & Co. KG in Wiesbaden, Germany
Founding of SYCOR AMERICAS Inc. in Pittsburgh, USA

2001
Acquisition of shares in LIGNUM Software GmbH
Founding of SYCOR ASIA Pte Ltd in Singapore

2002   
Full acquisition of LIGNUM Software GmbH
Full acquisition of SLA Unternehmensberatung GmbH & Co. KG
DIN EN ISO 9001:2000 certification
SAP Hosting Partner certification
SYCOR AG becomes SYCOR GmbH

 

2004 – 2008: The Sycor Group expands nationally and internationally

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The years 2004 to 2008 are marked by continuous growth. With total revenues of 24.5 million euros, 2004 becomes the most successful year in the company’s history so far. Sycor drives its expansion abroad with the opening of a representative office in Shanghai, China and the acquisition of Business Connection in Montreal, Canada. The company continues to grow through targeted recruitment of staff. 2007 marks the next chapter in the Sycor success story: with growth of 28 percent compared to the previous year, the group generates revenues of 29.5 million euros. Kuala Lumpur in Malaysia becomes the newest Sycor location. Sycor begins its anniversary year of 2008 backed by the best results in the company's history. On time to celebrate its tenth birthday, the group introduces its new corporate design including the logo, "We give IT a face".


Milestones

2005
Representative office opens in China (Shanghai)
Acquisition of Groupe Business Connection Amerique Inc. in Montreal

2006   
Founding of a WFOE (Wholly Foreign Owned Enterprise) in China

2007   
Founding of SYCOR MALAYSIA Sdn. Bhd. in Kuala Lumpur
Groupe Business Connection Amerique Inc. becomes SYCOR CANADA Inc.

2008    
New corporate design introduced for the company's anniversary
LIGNUM Software GmbH becomes SYCOR Software GmbH
         

2009 – 2011: Strengthening of market position and partnerships

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With two further acquisitions in 2009 and 2010, the Sycor Group consolidates its standing as one of the largest service providers for Microsoft Dynamics AX ERP software as well as its position as an end-to-end supplier of SAP solutions for mid-sized businesses. The group also debuts as a seller of SAP licenses and strengthens its partnership with SAP. Despite the tense economic situation at its international branches, the Sycor Group boosts its sales in 2010 to 40.2 million euros, an increase of 14 percent. During the 2011 financial year, an average 340 employees generate sales of 41.2 million euros. The group acquires aixonix IT Consulting GmbH. Between 2009 and 2011, new locations in Hamburg, Aachen, Stuttgart and Düsseldorf further strengthen Sycor's presence in Germany, and the group becomes increasingly international thanks to two locations in South America.

Milestones

2009
Acquisition of Aixonix SI GmbH and renaming as SYCOR Aixonix GmbH
Hamburg location

2010
Acquisition of cogimo GmbH and renaming as SYCOR Cogimo GmbH
Stuttgart location
Merger of SYCOR Software GmbH with SYCOR GmbH

2011
SYCOR Aixonix GmbH renamed SYCOR Enterprise Solutions GmbH
Acquisition of aixonix IT Consulting GmbH and renaming as Aixonix Transformation Management GmbH
Merging of SYCOR Cogimo GmbH with SYCOR GmbH
Aachen location
Düsseldorf location
Campinas location in Brazil
Mexico City location
                                                                              

2012 - 2015: challenging but yet successful

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The full-range IT service provider Sycor boosted its sales to EUR 59.3 million in the 2012 financial year. At the same time, the number of employees grew from an average of 340 in the year 2011 to currently almost 500 worldwide. With two new locations in Munich and Chemnitz, the Göttingen company also strengthened its nationwide presence. Due to an acquisition concluded in 2011 and the majority investment in two other companies effective 1 January 2012 the Sycor Group expanded its solution and services portfolio considerably.

In 2013 the growth of the Sycor Group in the German and international markets continued (turnover of EUR 59.4 million) and Sycor achieved a place in the Lünendonk Top 10 list of the leading German midsized IT consulting and System integration companies for the first time.

For Sycor, as a mid-sized, internationally competing and full-range IT service provider from Germany, the 2014 business year represents the foundation from which to achieve our planned strategic growth. Even though sales were less than expected, and earnings were slightly down in 2014 from the previous year at EUR 57 million, there is ample reason for a positive outlook on the coming year.

The many customers acquired ensure full order books, the recruitment of more than 60 new employees in the previous year shows that Sycor is an attractive employer thanks to its strategy and philosophy in human resources. The high level of employee satisfaction is measurable, and in 2014 was reflected in the TOP JOB awards: third place in the competition for Best Mid-Sized Employer and winner in the category "Focus on Women". Aside from investment in further recruitment, the company also injected money into the development of new software products and the sale of cloud solutions in the previous year. In the field of cloud and technology services, Sycor has been able to improve on its market success significantly and acquire more new customers than ever before.

Sycor continued to grow in 2015, generating sales of EUR 66.7 million for growth of more than 18 percent compared to the prior 2014 year. The number of employees also climbed to a record high of 550, in part due to the founding of SYCOR Austria GmbH. With offices in Salzburg and Vienna, the new subsidiary strengthens Sycor's position as one of the largest service and solution providers for Microsoft Dynamics AX in German-speaking regions. 

Sycor celebrated an anniversary in 2015: The Chinese location in Shanghai was founded 10 years ago. Sycor China has established itself as a reliable partner for ERP projects in the meantime (SAP and Microsoft Dynamics AX). In addition to growth, 2015 also brought numerous awards for the Sycor Group: SYCOR IQ Solutions GmbH is a SAM Germany Partner of the Year in the "Best Constructive Contribution" category and Sycor is a member of the Microsoft Dynamics President’s Club 2015. This prestigious group represents the top five percent of Microsoft Dynamics partners worldwide. What's more, Sycor became a Microsoft Cloud Solution Provider (CSP) in 2015. With the Cloud Solution Provider status, Sycor strengthens its position as an expert for Microsoft solutions and services from the cloud.

2015 also saw a relaunch of the full-range IT service provider's branding. The company logo in particular is modernized: Now the Sycor Smyle is connected directly to the lettering, integrated with the entire corporate design as a central element, and thereby clearly visualizes the friendly and dynamic Sycor brand.

 

Milestones

2012
Majority investment in IQ GmbH, IT und Kommunikationssysteme
Majority investment mbs Marketing- und Bildungsservice GmbH
Munich location
Chemnitz location
„Partner Center of Expertise“ certified support services for SAP® Business All-in-One- and SAP Business Objects™-solutions
Microsoft Partner with five Gold competencies
Member of the Microsoft Dynamics President’s Club 2012

2013
SAP Regional Partner Excellence Award 2013 "Top Partner – Applications"
Entry in Lünendonk-List 2013 Top 10 leading midsized German IT consulting and integration companies
Member of the Microsoft Dynamics President’s Club 2013
Nuremberg location

2014
TOP JOB awards: third place for Best Mid-Sized Employer and winner in the category "Focus on Women"
Microsoft® Global Independent Software Vendor (GISV)
Expansion of cloud and technology services
Restructuring and merging of infrastructure and application divisions in connection with service delivery

2015
Founding of SYCOR Austria GmbH with offices in Salzburg and Vienna
Anniversary in China: The branch in Shanghai was established 10 years ago
New logo and corporate design
Recognition of SYCOR IQ Solutions GmbH as SAM Germany Partner of the Year in the "Best Constructive Contribution" category
Member of the Microsoft Dynamics President’s Club 2015
Microsoft Cloud Solution Provider

Tobias Kintzel

Your contact at Sycor

Tobias Kintzel

Marketing - PR

Phone +49 551 490 2028

Fax +49 551 490 2901

tobias.kintzel@sycor.de

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