ZURICH, January 26, 2015 /PRNewswire/ --
CREALOGIX has acquired MBA Systems, a well-established UK
fintech brand and leading supplier of innovative web-based
solutions and services to the securities and wealth management
industries. With this move, CREALOGIX - the Swiss based technology
group ranked in the global FinTech Top 100 list - strengthens its
presence in the UK market and gains an established customer base of
over 30 banks, brokers and wealth managers. The transaction
complements the current solution portfolio in digital banking and
accelerates CREALOGIX's move into subscription based and hosted
services.
This acquisition is an important step for CREALOGIX in becoming
a leading fintech player in the UK and in growing its international
business. The acquired portfolio of solutions and clients in the
securities and banking sector perfectly complements the strategy of
CREALOGIX as an innovative enabler for the digital bank. It allows
existing and future customers to benefit from an even broader range
of digital offerings from a single source.
MBA Systems is a leading UK based supplier of online trading
information and transaction systems to many leading brokers, wealth
managers and international banks. It supports and hosts systems
from its own secure data centre for almost all of its clients.
Integrated into its existing offerings, CREALOGIX will be able
to offer a high quality and efficient «Brokerage-as-a-Service»,
easily available via open APIs. CREALOGIX will also enrich this
offering with further next generation digital banking services.
MBA's entire staff of around 50 specialists will join CREALOGIX
and will continue to be led by MBA's existing management team. "By
becoming part of a world class financial technology company, we are
securing an exciting future for our customers and staff. This move
widens the range of the online trading technology we provide in the
UK and accelerates our growth into international markets,"
emphasizes Michael Bradford, CEO and
founder MBA Systems.
"The acquisition underpins our strategic objectives by
strengthening our market-leading digital banking offering,
extending our international reach and establishing a material
presence in the UK," said Bruno
Richle, Chairman of the Board of Directors and CEO,
CREALOGIX Group.
CREALOGIX will publish further information as well as the
2014/2015 half-year report on 18 March
2015.
About CREALOGIX
The CREALOGIX Group is an
independent Swiss software house and the market leader for Digital
Banking in Switzerland, ranked in
the global FinTech Top 100 list. CREALOGIX develops and implements
innovative fintech solutions for the digital bank of tomorrow. The
focus is placed on changed customer needs for mobility, security,
personalised advice and education within a comprehensive user
experience. Established in 1996, the Group has around 300 employees
worldwide and generates CHF 50
million in revenue. The shares of CREALOGIX Holding AG
(CLXN) are traded on the SIX Swiss Exchange.
Contacts
Dr Richard Dratva
Chief Strategy Officer & Member of the Group Management
richard.dratva@crealogix.com
Phone +41-58-404-80-00
Michael Bradford
CEO MBA Systems Ltd.
mike@mbasys.co.uk
Phone +44-1962-841-494
Media contact
Patrycja Pielaszek
Head Corporate Communications & Marketing
patrycja.pielaszek@crealogix.com
Tel. +41-58-404-80-83
CREALOGIX Holding AG
Baslerstrasse 60
CH-8048 Zurich
Switzerland
http://www.crealogix.com