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.
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.
Dr Richard Dratva
Chief Strategy Officer & Member of the Group Management
CEO MBA Systems Ltd.
Head Corporate Communications & Marketing
CREALOGIX Holding AG