The merger was officially announced on the Stock Exchange on the 9th January 2018.
The CREALOGIX Group is an independent Swiss software organization and, as one of the Fintech Top 100 companies, it is a market leader in digital banking. CREALOGIX develops and implements innovative Fintech solutions for the digital bank of tomorrow. The Group, founded in 1996, has around 420 employees worldwide. CREALOGIX Holding AG (CLXN)'s shares are traded on the SIX Swiss Exchange.
Joining forces with CREALOGIX, Innofis gains support from a Global Leader in Digital Banking with offices in numerous locations, including countries like in the United Kingdom, Switzerland, Austria, Germany or Singapore, among others.
The merger complements and extents Innofis’ current solutions portfolio in digital banking and further enhances the service that we can provide to our valued customers. There are optimal synergies between the mutually complementary product portfolios due to the shared technology foundations, and many modules that can be integrated interchangeably, thanks to the use of modern open architecture based on micro-services and state-of-the-art deployment methods.
“As a result of the new, joint offering from Innofis and CREALOGIX, we will remain a reliable partner for our clients and will support them in their digitization initiatives, with a broader set of innovative, ready-to-use solutions”, says David Moreno, CEO and founder of Innofis, who will become a member of the Executive Group Management of CREALOGIX and will also continue to be responsible for the Middle Eastern market.
This move will allow existing and future customers to benefit from an even broader range of digital offerings from a single source.
“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 Middle East”, says Thomas Avedik, CEO of the CREALOGIX Group.