Q_PERIOR merges with P5group and expands its banking services portfolio – a new force emerges in the consulting market
Munich, May 31, 2017 – A new force is emerging on the consulting industry through the merger of the P5group Holding and the Q_PERIOR Group. Both companies anticipate that the combination of expertise will foster new business, predominantly in the financial services industry. As a result of the merger, Q_PERIOR becomes one of the top five independent consulting companies within the German speaking market.
The merger and the subsequent integration of P5 Group into Q_PERIOR Group will commence immediately. The merger, under the joint Q_PERIOR brand, will take place on January 1, 2018. Q_PERIOR’s revenues from the combined banking services will grow to 40 million Euro. The new market force strives for sustainable competitiveness proofing by combining their customer bases, topics and employees. Through the merger, the Q_PERIOR Group will continue its exceptional growth: With revenues of 131 million Euro in 2016, the Q_PERIOR Group reported strong growth of 26 percent. In 2016, the P5group generated 27 million Swiss francs of revenue – their most successful financial year since inception. With almost 1,000 employees Q_PERIOR now sits within the top five independent consultancies in the German speaking market.
The partners after signing the contract: f.l.t.r. Karsten Höppner, Raimondo Costa, Marcel Stacher, Roger Schmid, Stefan Hasler, Stephan Marchner, Markus Jüde, Armando Chiodi, Hasan Tekin
With virtually no overlap between the two companies’ existing client bases, the portfolio for management and IT consulting is perfectly complemented. “Our customers, present and future, will benefit from enhanced banking management consulting services and extension of SAP Banking implementation expertise. All contacts with existing customers will remain unchanged,” emphasizes Karsten Höppner, CEO of Q_PERIOR Group. For Markus Jüde, CEO of P5group, the merger is fortuitous: “Seldom do two companies fit so perfectly together in terms of their culture and offering. Both companies have proven in recent years that the requisite trust can be created and sustainable success achieved through reliability and great commitment in the financial and insurance market.”
Recruiting to be stepped up
Both CEOs would like to see the merger as a clear signal for the recruiting market: The search for top talent to foster and extend the existing team remains a top priority.
Short profile of the merging companies
is an owner-managed business and IT consulting firm. The company supports large corporations and large mid-sized companies with integrated specialized and IT competencies. Across all business areas, Q_PERIOR successfully implements projects that make companies more competitive in times of digital transformation.
The P5group with its brands Adverdi, IC & Partner, ER & Partner, focusses on digitalization and compliance projects within the financial industry, covering consulting, personnel recruitment and payrolling up to permanent placement in order to answer customer needs.