Avaloq
| Avaloq Group AG
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | CH0010904602 |
| founding | 1985 |
| Seat |
Freienbach Switzerland
|
| management |
|
| Number of employees | 2,200 |
| sales | 500 million CHF |
| Branch | Software , IT services |
| Website | www.avaloq.com |
| Status: 2017 | |
The Avaloq Group AG , based in Freienbach, is a software and financial services company . Its core activity is the development and sale of its own software package, the Avaloq Banking Suite, which is currently used by more than 140 banks worldwide. In addition, the company also offers various services in the areas of outsourcing, consulting, maintenance and support.
The Avaloq Group, which emerged from a spin-off from Martin Ebners BZ Group, currently employs around 2,200 people (as of 2015).
history
The company was founded in 1985 in Zurich under the name "BZ Informatik Aktiengesellschaft" as a subsidiary of BZ Bank . In 1991, through a management buy-out , the management of BZ Informatik took over 30 percent of the share capital. In the mid-1990s, the company began developing standard software for banks. The further development led in 2001 to the renaming in "Avaloq Evolution AG" in Zurich under the umbrella of the also renamed "Avaloq Group AG", which is now based in Freienbach. At the same time, the Avaloq Banking System was launched .
In 2002 the group was separated from the BZ Group and the share capital was completely taken over by management and employees. After the company had received various orders abroad in the mid-2000s, Avaloq founded a branch in Luxembourg and Singapore in 2007. This was followed by further branches until 2014, including in Paris, London, Berlin, Rüsselsheim, Leipzig, Hong Kong, and Sydney. In 2011 Avaloq acquired the majority in B-Source SA , a Swiss business process outsourcer in the banking sector. The previous number two in the Swiss banking software industry with a market share of 24 percent (based on the number of banks) was able to acquire three larger cantonal banks in 2008 and thus has a market share of 42 percent among credit institutions with over 500 employees. In 2013, Avaloq was the Swiss market leader in terms of the number of employees at banks that use the Avaloq Banking Suite.
Product development for the software takes place in Zurich and Edinburgh, supported by a support center in Manila. The establishment of new capacities took place primarily at the international locations, above all in Edinburgh.
In 2013 the group expanded its presence in Germany by entering into a cooperation with quirin Bank, acquiring Höll Computer & Software GmbH and founding Avaloq Sourcing (Deutschland) AG based in Berlin.
In 2015 Avaloq went live with its two BPO centers in Germany and Singapore. Avaloq is continuously building new centers for Business Process Outsourcing (BPO).
2017 has US - private equity - investor Warburg Pincus acquired 35% of the shares of Avaloq. In November it was announced that Raiffeisen was also selling its 10% stake to Warburg Pincus and that Avaloq would take over the Arizon joint venture from Raiffeisen at the beginning of 2019. Avaloq and Raiffeisen founded Arizon in order to equip Raiffeisen with a new IT system, which should go into operation in early 2018.
In spring 2019, Accenture announced the purchase of Avaloq banking service provider Orbium .
Web links
Individual evidence
- ↑ Entry of "Avaloq Group AG" in the commercial register of Canton Schwyz
- ↑ Avaloq boss gives up his dual mandate In: Neue Zürcher Zeitung of December 21, 2017, accessed on December 28, 2017
- ↑ History ( Memento of the original from May 2, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Avaloq CEO: Further job creation - target of 1 billion sales in three years , March 31, 2016
- ↑ Avaloq in short ( Memento of the original dated May 2, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ^ Swiss IT Media GmbH: IT Reseller - Avaloq swallows B-Source. In: www.itreseller.ch. August 31, 2011, accessed December 9, 2019 .
- ↑ Banking software: Avaloq is reaching for the crown. In: www.inside-it.ch. October 23, 2008, accessed December 9, 2019 .
- ↑ Company history ( Memento of the original from November 21, 2010 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Handelszeitung, September 16, 2008 ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
- ↑ IT outsourcing: From the concept to the transfer of operations - we advise and implement. In: www.active-sourcing.com. 2017, accessed December 9, 2019 .
- ↑ Anita Merkt: Outsource, offshore, gloss over . In: Tages-Anzeiger . October 17, 2012, ISSN 1422-9994 ( tagesanzeiger.ch [accessed December 9, 2019]).
- ↑ Business Process Outsourcing: Avaloq and Quirin Bank roll up the BPO market. In: www.cio.de. January 14, 2013, accessed December 9, 2019 .
- ↑ Avaloq buys German core banking software provider. In: www.inside-it.ch. October 12, 2012, accessed December 9, 2019 .
- ↑ Avaloq is setting up another BPO center. In: www.inside-it.ch. March 25, 2014, accessed December 9, 2019 .
- ↑ Der Bund, Tamedia Espace AG: Gisel clears out the bank . ISSN 0774-6156 ( derbund.ch [accessed December 9, 2019]).
- ^ Accenture Completes Acquisition of Orbium, a Business and Technology Consultancy to the Financial Services Industry. In: newsroom.accenture.com. February 14, 2019, accessed November 15, 2019 .
