A couple of weeks ago, Atos invited a handful of IT analysts to join a briefing about its financial services unit. Being keen to get an update, I took my chance and joined the meeting. Some background facts on Atos in Financial Services In 2012, Atos generated 20% of its total revenue with clients from the financial services segment, making [...]

At the beginning of this week, I had a chance to visit the SAP Financial Services Summit in Den Haag that was dedicated to SAP’s partners in banking and insurance. I got a good insight into SAP’s recent accomplishments in the banking and insurance industry, which I’d like to share with you here. Recent achievements in FSI During 2012, SAP [...]

“…with an attractive offering, it is”. Several weeks ago, I published a note regarding the takeover of Höll Computer und Software by Avaloq. In the meantime, Avaloq made another bold move by creating a joint venture with German-based quirin bank. At the end of last year, the two organizations established the Avaloq Sourcing AG, a provider of business process services [...]

SAP today announced plans to acquire Canadian software provider Camilion. The company is a specialist to the insurance and financial services sector, among others offering solutions for product management, product life-cycle management and underwriting. The solutions will be integrated into the SAP for Insurance solutions portfolio. Already in May 2012, SAP announced a partnership with Camilion to create a joint [...]

End of 2012, Cognizant announced that it will acquire six companies of German IT services company C1 Group. That is one major step as part of Cognizant’s five-year strategic plan that focuses on building up and enhancing value-add capabilities. Roughly 500 people out of 1,200 total employees of C1 will become part of Cognizant, most of them being located in [...]

Swiss-headquartered core banking software Avaloq just announced the takeover of German-based Höll Computer und Software GmbH. Avaloq is one of the leading providers of business applications to the banking sector. According to PAC’s rankings, Avaloq is the top provider of application software products to the banking sector in Switzerland (regarding revenue from software licenses and maintenance). Since the acquisition of [...]

Yesterday, Infosys announced the definite agreement to acquire Lodestone Management Consultants. Lodestone was founded and has since than been managed by former employees and partners of PwC respectively…

Today, IBM announced the launch of a new family of so called Expert Integrated Systems named IBM PureSystems. These new pre-configured systems are IBM’s most important infrastructure-related announcement in 2012. Development took about four years and involved more than 5,000 people in IBM labs around the globe. According to IBM, the R&D effort is worth more than $2 billion. So [...]

Last Thursday, German-based IT services provider for banks and insurance companies, Finanz Informatik Technologie Services (FI-TS), held its 11th management forum in Munich. Again, FI-TS was able to win quite appealing speakers for its event. That includes Peter Hinssen, for instance. In his keynote about “The New Normal”, the CEO of Across Technology vouched for simplicity and, hardly surprising, came [...]

The innovative direction makes a major contribution to competitiveness in companies. In a recent white paper, PAC has shed more light on the challenges related to the implementation of innovative concepts in an SAP landscape, whereby special emphasis is placed on the topics of Enterprise Mobility, Realtime Data Analysis and Multichannel Commerce.