98 invenioLSI

Doug Woodburn
clock • 1 min read

Revenue: £43.8m (+37%)

Net profit: 11%     Staff: 848

Two top SAP partners - UK-based Invenio Business Solutions and US rival LSI - merged in February 2021 to form this $100m-revenue giant. A new name (‘invenioLSI') for the combined outfit - which styles itself as the "premier global SAP partner for public services" - was unveiled in October. The most recently filed accounts for Invenio - covering the year to 31 March 2020 - show revenue of £43.8m (with £10.4m of the total drawn from the UK). Invenio backer BGF coughed up £12m in follow-on funding to support the union.

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