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Göttingen - 1/25/16

Sycor with a strong 2015 financial year

Staff and sales growth at Sycor: with 66.7 million euro in sales, 2015 was the most successful financial year so far. The full-range IT service provider from Göttingen currently has 550 employees.

Dr. Marko Weinrich und Rüdiger Krumes

(Göttingen, Germany) "We began the 2015 financial year with the plan of growing ten percent. We were actually able to exceed this target in sales, while we were spot on in the number of employees," says Sycor President & Chief Executive Officer Dr. Marko Weinrich, visibly satisfied with the results of the previous year. The 66.7 million euro achieved means growth of more than 18 percent in comparison to 2014 sales. "We were able to increase the EBIT disproportionately to a record value," adds Weinrich. He is especially happy about the many new employees: "In December of 2014, we passed the 500 employee mark for the first time. Today we employ around 550 worldwide. We have grown organically. We positioned ourselves credibly as an attractive employer with a respectful corporate culture and thus were able to gain many employees." Its growing significance and perception on the IT market has certainly also been a contributing factor.

The personnel expansion occurred primarily in the areas of Technology Services, SAP, and Microsoft Dynamics AX. The establishment of SYCOR Austria GmbH, which began business operations at the beginning of April 2015, had a particularly noticeable effect. The 13 new employees in Austria, all experts in the Microsoft Dynamics AX ERP solution, not only strengthened the position of Sycor as one of the largest service and solution providers in this area in the German-speaking world, but also increased the capacity for large international projects. In Göttingen the growing number of employees is creating a need for space: to address the shortage of space at the headquarters at the train station, Sycor rented an additional 540 square meters of office space at Maschmühlenweg 10.

However, personnel expansion is not the only important step for setting the future course of the full-range IT service provider. The other investments of the last few years, including the development of its own solutions and expanding the cloud portfolio, are paying off as well. Since last year Sycor has been a member of the circle of Microsoft Cloud Solution Provider (CSP) in Germany. "As a Cloud Solution Provider, we simplify and accelerate the use of Microsoft Cloud offers significantly for our customers. This applies to Microsoft Office 365, Microsoft Azure, Microsoft Dynamics AX, and many other online Microsoft products," explains Rüdiger Krumes, who runs Sycor along with Marko Weinrich. "Furthermore, we increase added value by bundling these offers with our own solutions and services in custom packages." The Göttingen company has also expanded its selection in the SAP environment with services and solutions in the areas of SAP S/4HANA, SAP Fiori, SAP Lumira, SAP Cloud for Customer, and SAP HANA. "With our broad IT expertise, we are now able to offer our customers solutions which meet the demands of the increasing digitalization of business processes throughout their entire value chain," emphasizes Rüdiger Krumes. "We implement cloud, on-premise, and hybrid scenarios."

Thus, the outlook for the coming year is also positive. "Our order situation, the capacity utilization of our business areas, and the sales activities ensure that we have a constant demand for new employees," says Marko Weinrich in summary. "I am optimistic that we can exploit the momentum from the good 2015 financial year for further growth."

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Über Sycor:

The Sycor Group is a full-range IT service provider with around 550 employees around the world. With headquarters in Göttingen and further locations in Germany, Austria, North and South America, and Asia, the company has an international presence. Sycor supports customers with custom IT services and solutions for all corporate divisions along the entire value chain, integrating individual solutions harmoniously into existing ones or setting up completely new infrastructure and application landscapes.

Its own solutions, vertical add-ons, and all services in the area of SAP ERP and Microsoft Dynamics AX are just as much a part of the selection as quality-assured solutions and services for IT outsourcing, Customer Relationship Management (CRM), and Enterprise Content Management (ECM). This broad know-how also includes unified communications, software asset management, security and networks. Sycor implements professional online solutions in the field of business-to-business and business-to-consumer applications with ERP or CRM integration. In addition, the company realizes cloud, on-premise, or hybrid solutions according to customer requirements and finds custom solutions in the areas of Industry 4.0, the Internet of Things (IoT), and big data.

Sycor GmbH maintains a quality management system certified in accordance with DIN EN ISO 9001. Furthermore, Sycor is a Gold-Level Channel Partner, Hosting Partner, and Partner Center of Expertise of SAP Deutschland AG & Co. KG. As a Microsoft partner the company is a Cloud Solution Provider and Strategic Development Partner for the areas of leasing, trade, service, and maintenance of mobile goods and fleet management. Sycor's expert knowledge in the areas of professional services and manufacturing has made them a member of the Microsoft Dynamics Industry Partner Program (EMEA). Various gold and silver competencies represent the broad expertise in the Microsoft environment.

The Sycor Group generated sales of EUR 66.7 million with an average of 520 employees in 2015.

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Press material

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Press release

Sycor with a strong 2015 financial year

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Dr. Marko Weinrich und Rüdiger Krumes

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CEO´s of Sycor:
Rüdiger Krumes and Dr. Marko Weinrich

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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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