Banking software engineering company in Europe for sale

• Revenue: > 10M EUR
• Employees: > 170
• EBIT: > 27%
• Location of the Banking software engineering company: Europe
• Reason for sale: The owners want to grow the company in Europe, therefore are looking to talk to interested investors
• #CFIE ITS462

The company for sale is active in software engineering for financial services. It creates vertical software solutions by combining software science, industrial experience, design thinking and powerful technological know-how. The team has an outstanding capability to innovate and is able to provide scale and domain knowledge across key verticals. The company enables digital transformation by delivering integrated software services able to offer a new shape to an organization IT environment. The company has multiple working centers in various European locations with the UK office serving as delivery office. Most of the clients are from UK and the owners (the management team) want to expand the business in the DACH region by attracting clients from these particular countries. The company has plans also to open up an office in this region or to buy a local company to serve as a sales (delivery) office. The business recorded revenue is above 10M Euro and has an annual growth rate of 25%. The company has made huge investments which resulted in an EBIT rate of above 27%. The 2 shareholders are looking for future collaboration with a strong partner from the DACH region. They would be open for a majority sale, but would require a significant minority. After the sell, they want to stay in the company so that they can see it grow.

The company creates value by using smart technology to accelerate growth and drive digital transformation to companies that activate in financial services industry. The solutions developed by the team help banks to get digitalized and to improve processes efficiency. The next generation technology uses AI algorithms and machine learning principles to automate workflows and simplify tasks. The team has deep expertise in a broad range of digital projects in the areas of fraud detection, automation of claims process, digital lending, KYC and other digital banking flows. The employees enjoy a multicultural work environment since many of them come from multiple countries with different cultural backgrounds, exchanging ideas producing outstanding results. The company is a technology services and consulting firm that combines business knowledge and digital expertise to create services and solutions that optimize key banking processes.

The company creates digital transformation software solutions for various applicaions such as digital insurance, data-driven underwriting, claims management, digital banking, digital onboarding and loan origination. Software Engineering services range includes application development, product engineering, QA & test automation, agile team delivery. The company supports product engineering processes by providing R&D teams of professionals that offer their know-how, innovative capability and Agile approaches to architect and develop next-generation solutions. The team also provides support in transforming business ideas into successful and innovative technology solutions by developing user-friendly applications. When engineering software projects it integrates software tools, business analysis, UX, QA and DevOps to modernize existing applications and prepare them for the future digital requirements. The company uses technologies related to micro-services, security, cloud, IoT and Blockchain.

The company for sale delivers the following services:

• Software Engineering
• Data Science & Visualization
• Data & Business Analytics
• AI
• Machine Learning
• Upgrading & Maintenance
• Consulting
• Support

• The company is active in providing banking software engineering services and solutions
• The services provided enable digital transformation and drive processes efficiency
• The management is looking for a partner from the DACH region
• The company is very successful and profitable