Sopra Banking Platform Compliance Sopra Banking Software
Overview
Sopra is a large French company that has moved increasingly onto the international stage with its range of services and software. Much of this has stemmed from acquisitions, including core banking system vendors, Delta Informatique in 2011 and Callataÿ & Wouters in 2012. Aside from these, in the banking sector it has two main lending systems (Evolan Lending and ComponentBanker, with the latter acquired in 2007 with Belgium-based Business Architects), plus a number of others. In the risk space, it has an increasingly well-travelled regulatory reporting offering. Sopra grew at one fell-swoop in 2014 when, following an announcement in April, its merger with fellow French group, Steria, was confirmed in August, with Sopra to take a 90.5 per cent stake in Steria. Finalisation was scheduled for around the end of the year. It was more or less a coming together of equal halves, as reflected in the final quarter results (Q3) of both companies prior to the consolidation – Sopra had revenues in the quarter of €341.5 million, Steria’s equivalent was €302.8 million. The new combined entity was intended to be operational from 1st January 2015. In the banking sector, the offerings of the two companies were more or less complementary. It was a friendly merger, with Steria having rejected advances from Atos. Ahead of the core banking system acquisitions, around 30 per cent of Sopra’s revenues had come from financial services, with over two-thirds of these from banking. Product-related revenues made up a little under 50 per cent. The rest was from services, particularly consulting, project management and systems integration. Around 8825 of its 13,300 staff at the start of 2011 were in France. Non-French revenue was around 30 per cent, with this proportion growing each year. Acquisitions have fuelled this, including in Spain, Italy and the UK. It set up a joint venture in the US, Axway, although this was being split off in 2011. It had a relatively large number of offices in France, where much of its development takes place (Annecy is a key site for the lending and reporting systems, for instance). There is an Indian operation, largely for bespoke developments for customers. Sopra Banking Software, which was formed by bringing together the acquired banking solutions of C&W, Delta and its own existing operations, posted revenues of €171.3 million for 2012, representing total growth of 92.0 per cent, but down 3.0 per cent on a like for like basis. The new unit started with around 1700 staff. Sopra Steria Group has highlighted growth in multiple sectors across Europe and a 7.5% growth rate in its financial results for the first half of 2015. The entity’s total revenue for the first half of 2015 stands at 1.76 billion, an increase of 6.4% on last year’s equivalent figure of 1.66 billion. The group achieved a total revenue of 562 million in its home country, bolstered by positive progress for its consulting and infrastructure services, with 3.1% and 4.6% growth respectively. These figures, according to the group, were mainly down to a batch of large deals and restructuring. In November 2015, Sopra Banking Software says its revenue has reached 63.8 million for Q3 2015, representing organic growth of 10.8%. Sopra growth was particularly strong in France, the Middle East and Africa region with its Sopra Banking Platform and Amplitude products. Sopra also highlights the UK, where it offers the Mortgage and Savings Suite (MSS) processing platform to local banks and building societies. In November 2016, Sopra Banking Software announced its acquisition of Cassiopae MEA joint venture, increasing its stake from 45% to 100%. The acquisition is expected to boost Sopra’s strategy in key focus areas of Africa and the Middle East.
Risk Management Systems & Suppliers Report |
www.ibsintelligence.com
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