Sopra Steria: Proposed Acquisition of Galitt
31 Août 2017 - 5:45PM
Business Wire
Regulatory News:
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20170831005938/en/
Sopra Steria (Paris:SOP), a European leader in digital
transformation, today announced its plans to acquire Galitt, a
consulting and solutions development firm in the payment systems
and secure transactions market.
Sopra Steria plans to acquire 88.2% of the shares and voting
rights in Tecfit, the Galitt group’s holding company, which up
until now has been exclusively held by the founder and long-term
managers, who will stay on as minority shareholders with 11.8% of
the share capital. A subsequent acquisition of minority stakes by
Sopra Steria is envisioned for 2021 at the latest.
Founded in 1990 by Gérard Tchakgarian as a consulting firm
specialising in payment systems, Galitt gradually expanded its
scope of business to include services, solutions development and
testing to become a benchmark player in France’s payments and
secure transactions market. Thanks to its 250 employees and nearly
400 clients, Galitt posted revenue of €30.8 million in 2016.
The payments market, notably driven by technological innovations
and regulatory changes affecting the financial sector, is a
strategic growth priority for Sopra Steria. The Group, through its
subsidiary Sopra Banking Software – which is enhancing its Sopra
Banking Platform for Payments offering – aims to scale up its
capacities in strategic and business consulting to provide its
major clients with an end-to-end offering.
For years, Galitt has served not only France’s largest banks but
also major payment networks and operators as well as payment
terminal manufacturers. Acquiring the company would rapidly boost
Sopra Steria’s capacity in the banking vertical.
By joining Sopra Steria, Galitt would strengthen its positioning
in France and accelerate its international growth while generating
major sales and revenue synergies with the Group’s various
entities, in particular with Sopra Banking Software. Galitt could
also leverage Sopra Steria’s vertical expertise to expand its scope
of business to new sectors – such as retail or transport – that are
directly affected by the payments market opening up to non-bank
players.
This proposed transaction is subject to the usual conditions
precedent, and if successful would result in Galitt’s activities
being consolidated in the second half of 2017.
About Sopra SteriaSopra Steria, a European leader in
digital transformation, provides one of the most comprehensive
portfolios of offerings on the market, spanning consulting, systems
integration, industry-specific solutions, infrastructure management
and business process services. It provides end-to-end solutions to
address the core business needs of large companies and
organisations, helping them remain competitive and grow. Combining
added value with innovative high-performance services, Sopra Steria
excels in guiding its clients through their transformation projects
to help them make the most of digital technology. With over 40,000
employees in more than 20 countries, Sopra Steria generated revenue
of €3.7 billion in 2016.Sopra Steria (SOP) is listed on Euronext
Paris (Compartment A) – ISIN: FR0000050809For more information,
please visit our website: www.soprasteria.com
About GalittGalitt (www.galitt.fr) provides consulting
and services for secure electronic transactions and payment
systems. With its longstanding presence and wide range of
complementary business lines and recognised expertise, Galitt
guides its clients through the entire project life cycle: its
Payment Consulting experts use innovative approaches to help inform
decision-makers’ strategic choices; Payment Services consultants
assist clients in implementing their payment projects; Testing
Solutions teams develop test software and participate in the
scale-up phases of solutions testing and certification; Payment
Solutions staff develop and operate high-added-value payment and
transactional applications; and Payment Education instructors share
Galitt’s expertise and raise awareness of its business at
seminars.Galitt designs, develops and maintains the Catti™,
KaNest®, VisuCard®, G-Tokenizer™ and VisuBank® software lines,
which it can also operate.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170831005938/en/
Investor Relations – Sopra SteriaOlivier Psaume, +33 (0)1
40 67 68 16olivier.psaume@soprasteria.comorPress Relations –
Sopra SteriaSimon Zaks (Image 7), +33 (0)1 53 70 74
63szaks@image7.frorPress Relations – GalittIsabelle Pujadas,
+33 (0)1 77 70 28 01i.pujadas@galitt.com
Proshares Ultrashort Oil & Gas Exploration & Production (delisted) (AMEX:SOP)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Proshares Ultrashort Oil & Gas Exploration & Production (delisted) (AMEX:SOP)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024