SNP TRANSFORMATION SOFTWARE

Promoter – Financial Intermediary

SNP SCHNEIDER-NEUREITHER & PARTNER SE

Location

• Germany
• Poland

Description

The project concerns the research and development (R&D) expenditures for the software developments related to the CrystalBridge software platform. Such developments include basic technologies, new features / applications and improvement of existing modules. The key objective of the R&D work is to further optimise the transformation process for SAP enterprise resource planning applications in order to increase the level of automation, to reduce the downtime of client IT systems and to adapt to the latest developments for cloud deployments, which a key driver for such transformation projects.

Objectives

The project supports the policy objective of innovation and digitalisation by financing the development of software for digital transformation processes. It will enhance digital transformation across various industries by enhancing the Promoter's unique software platform dedicated to Enterprise Resource Planning (ERP) systems.

Sector(s)

• Services - Information and communication

Proposed EIB finance (Approximate amount)

EUR 30 million

Total cost (Approximate amount)

EUR 73 million

Environmental aspects

The investments will concern research, development and innovation (RDI) activities mostly within existing facilities. Therefore, the project will not fall under Annex I and II of Directive 2011/92/EC as amended. Nevertheless, the environmental details including environmental objectives of the RDI programme will be assessed during the appraisal.

Procurement

The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement and concessions.

Status

Signed - 16/12/2020