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SOA People Group, a leading pan-European player in the SAP ecosystem, announces the signing of a €50 million strategic financing agreement with Belfius Bank. This major transaction supports the execution of the Group’s “SOA 2030” development plan, which aims to increase revenue to €500 million by 2030.
Supporting a Scalable Pan-European Growth Platform
Operating across 10 European countries, SOA People Group employs more than 1,200 SAP experts and delivers end-to-end digital transformation services to mid-sized and large organisations. The Group has demonstrated consistent organic growth in recent years, supported by a scalable operating model and strong client retention.
“This €50 million financing is a key milestone in the execution of our SOA 2030 strategy. It provides us with the financial flexibility required to accelerate disciplined external growth, invest in talent and innovation, and further strengthen our leadership position in the European SAP ecosystem,”
said Khalil Hodaibi, CEO and Founder of SOA People Group.
A Strong Signal of Confidence from Belfius Bank
This financing reflects Belfius Bank’s confidence in SOA People Group’s financial performance, governance framework and strategic positioning.
“SOA People Group combines solid financial fundamentals with a distinctive positioning in the SAP ecosystem and a clear, well-articulated strategic roadmap. We are pleased to support the Group in this next phase of growth, including targeted acquisitions across Europe and continued investments in proprietary software solutions, innovation and human capital,”
said Maxime Velter, Head of Corporate Banking Wallonia, Belfius Bank.
A Differentiated Model: Top SAP Services & Software Company
SOA People Group benefits from a differentiated business model built on two complementary pillars:
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Top SAP Services: implementation, rollout, optimisation and application lifecycle management for SAP solutions;
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Software Company: a portfolio of proprietary software solutions generating recurring revenues and enhancing client value.
“This dual model allows us to combine the resilience of SAP services with the scalability of software-driven value creation. It strengthens margins, increases client stickiness and supports long-term value creation for all stakeholders,”
added Khalil Hodaibi.