Customer Forum Login

10.08.2121

Objectway Acquires Leading German Core Banking Software Specialist Die Software Peter Fitzon

Milan, August 10th, 2021 — Object­way, Glo­bal Top 100 fin­tech lea­der in the Digi­tal Wealth and Asset Manage­ment soft­ware, announ­ced today the acqui­si­ti­on of Die Soft­ware Peter Fit­zon GmbH (DSW), a pri­ma­ry Ger­man pro­vi­der of Core Ban­king solutions.

Foun­ded in 1990, Object­way pro­vi­des lea­ding finan­cial insti­tu­ti­ons with sta­te-of-the-art tech­no­lo­gy to sup­port their digi­tal trans­for­ma­ti­on pro­grams, sup­ply­ing front-to-back, intel­li­gent and cloud-rea­dy solu­ti­ons that power up cus­to­mer enga­ge­ment, front-office pro­duc­ti­vi­ty and back-office ope­ra­tio­nal effi­ci­en­cy. Die Soft­ware is a lea­ding pro­vi­der of Core Ban­king solu­ti­ons in Ger­man-spea­king Euro­pe, with more than 35 years of mar­ket pre­sence. Its com­ple­te, open and modu­lar plat­form fits the needs of pro­mi­nent pri­va­te banks, retail banks and cen­tral banks in the DACH area and in Luxem­bourg. With this acqui­si­ti­on, Object­way com­ple­ments and streng­t­hens its Wealth and Asset Manage­ment offe­rings with a solid and com­pre­hen­si­ve Core Ban­king plat­form. This crea­tes an open, modu­lar, end-to-end ban­king suite gea­red to sup­port the digi­tal trans­for­ma­ti­on of pri­va­te banks, retail banks, wealth and asset mana­gers, fur­ther dri­ving the future expan­si­on in EMEA and globally.

As an EMEA lea­der in digi­tal ban­king solu­ti­ons, Object­way will now ser­ve more than 200 cli­ents in the regi­on, boas­ting reve­nues in excess of €100 mil­li­on. “Die Soft­ware-team has done a fan­tastic job in deve­lo­ping a world-class ban­king plat­form with a loy­al cli­ent base. Object­way pla­ces gre­at impor­t­ance on con­ti­nuing to deve­lop and evol­ve core ban­king plat­forms of its cus­to­mers and to build long-term com­mer­cial rela­ti­ons­hips” said Lui­gi Mar­cia­no, Foun­der and CEO of the Object­way Group. “We aim at crea­ting a uni­que and com­ple­te ban­king suite that com­bi­nes Die Soft­ware solu­ti­ons with Objectway’s cut­ting-edge tech­no­lo­gies in digi­tal cli­ent manage­ment, invest­ment advi­so­ry and port­fo­lio manage­ment, to be deploy­ed through Busi­ness Pro­cess as a Ser­vice (BPaaS) and Soft­ware as a Ser­vice (SaaS) models. We will also pro­mo­te the glo­bal expan­si­on of Die Soft­ware solu­ti­ons by taking advan­ta­ge of our pre­sence in UK, Ita­ly, Bene­lux and beyond”.

“We are deligh­ted to be joi­ning the Object­way Group, a solid and high­ly trus­ted com­pa­ny with a long-las­ting track record in the indus­try. This will fur­ther help to enhan­ce our cli­ent coverage and geo­gra­phi­cal foot­print across EMEA” said Peter Fit­zon, DIE SOFTWARE Foun­der. “With Object­way, we found a per­fect new home to con­ti­nue our growth path, pro­vi­ding our staff and cli­ents peace of mind that our heri­ta­ge will be in good hands in this ever chan­ging environment”.

“Our com­pa­nies have a com­mon DNA roo­ted in inherent cul­tu­re of pro­fes­sio­na­lism and dri­ve for depen­da­ble per­fec­tion. We also belie­ve in strong cus­to­mer focus, deli­vering value and ser­vice qua­li­ty in part­ners­hip with our cli­ents. This makes our com­bi­ned busi­ness high­ly pro­mi­sing for both firms, but also for our cur­rent and future cus­to­mers, giving our talen­ted and ambi­tious teams exci­ting goals and achie­ve­ments to aspi­re for,” said Klaus Frie­se, DIE SOFTWARE Co-Owner and Mana­ging Direc­tor. “The who­le Die Soft­ware team is com­mit­ted to dri­ving for­ward our new group stra­te­gy and with such an estab­lis­hed inter­na­tio­nal play­er we will be able to sup­port our deve­lo­p­ment in the long-term gua­ran­te­eing con­ti­nui­ty, sta­bi­li­ty and an exci­ting future of acce­le­ra­ted growth in new markets”.

Core ban­king solu­ti­ons were built his­to­ri­cal­ly on relia­bi­li­ty rather than open archi­tec­tures. Digi­tal ban­king, APIs and Cloud have crea­ted a signi­fi­cant shift in the way ban­king pro­ducts are con­struc­ted. Finan­cial insti­tu­ti­ons now need to address the impe­ra­ti­ves under­pin­ning next-genera­ti­on core ban­king app­li­ca­ti­ons (in terms of sca­le, func­tio­n­a­li­ty, inte­gra­ti­on and the public cloud) to be able to pro­cess tran­sac­tions in real time, release new fea­tures fre­quent­ly and sca­le up their IT infra­st­ruc­tures. The com­bi­ned Object­way and Die Soft­ware value pro­po­si­ti­on will respond to the­se new requi­re­ments, with the aim to beco­me the fin­tech part­ner of choice for finan­cial institutions.

Object­way was advi­sed by BNP Pari­bas, Gio­van­nel­li e Asso­cia­ti stu­dio lega­le, Loesch­ner Rechts­an­walts­ge­sell­schaft, Accu­ra­cy, Hilex – Avvo­ca­ti asso­cia­ti, P+P Pöl­lath + Part­ners Rechts­an­wäl­te und Steu­er­be­ra­ter, Flick Gocke Schaum­burg and Tax Part­ner AG.

Die Soft­ware Peter Fit­zon was advi­sed by IPon­tix Cor­po­ra­te Finan­ce and Wit­zel Erb Backu & Part­ner Rechtsanwälte.

BNL is acting as sole lead mana­ger and bookrun­ner on the asso­cia­ted financing.

Luigi Marciano Objectway

Lui­gi Mar­cia­no,
Foun­der and CEO Object­way Group

We aim at crea­ting a uni­que and com­ple­te ban­king suite that com­bi­nes Die Soft­ware solu­ti­ons with Objectway’s cut­ting-edge tech­no­lo­gies in digi­tal cli­ent manage­ment, invest­ment advi­so­ry and port­fo­lio management.

Klaus J. Friese DIE SOFTWARE

Dr. Klaus J. Frie­se,
DIE SOFTWARE Co-Owner and Mana­ging Director

The who­le Die Soft­ware team is com­mit­ted to dri­ving for­ward our new group stra­te­gy and with such an estab­lis­hed inter­na­tio­nal player.

About Objectway

Buil­ding on more than 30 years of busi­ness exper­ti­se, Object­way is a fast-gro­wing inter­na­tio­nal play­er in the Wealth and Asset Manage­ment space empowe­ring cli­ents to embrace their future chal­len­ges while pro­vi­ding gre­at per­for­mance today. The com­pa­ny is a future-pro­of tech­no­lo­gy pro­vi­der with a well-estab­lis­hed track record in the finan­cial ser­vices industry.

The group is a Glo­bal Top 100 fin­tech pro­vi­der (IDC ran­king), who­se cli­ents inclu­de 200+ lea­ding Wealth Mana­gers, Banks, Asset Mana­gers, Fund Mana­gers, Insu­rers and Out­sour­cing pro­vi­ders in more than 15 coun­tries. Object­way ope­ra­tes from offices in Ita­ly, UK, Ire­land and Bel­gi­um ser­ving cli­ents in 4 con­ti­nents, and sup­por­ting appro­xi­mate­ly 100,000 invest­ment pro­fes­sio­nals to mana­ge more than EUR 1 tril­li­on in assets.

www.objectway.com

About Die Software

DIE SOFTWARE is one of the lea­ding pro­vi­ders of core ban­king solu­ti­ons in Ger­man-spea­king Euro­pe, with more than 35 years of ban­king expe­ri­ence. Foun­ded in 1983, DIE SOFTWARE has over 140 staff mem­bers working from the company’s loca­ti­ons in Munich and in Zurich. Its modu­lar Core Ban­king sys­tem fits the needs of banks of all sizes and busi­ness models. Cli­ents inclu­de lea­ding pri­va­te banks, retail banks and spe­cial insti­tu­ti­ons in Ger­ma­ny, Aus­tria and Switz­er­land as well as in Luxembourg.

DIE SOFTWARE con­nects all eco­sys­tem play­ers via an open archi­tec­tu­re. Through best-prac­ti­ce pro­ces­ses, inte­gra­ted EU regu­la­ti­on stan­dards and estab­lis­hed busi­ness logic, Die Soft­ware pro­vi­des cli­ents with a com­pe­ti­ti­ve advan­ta­ge. The Core Ban­king plat­form offers a hub for the digi­ta­li­sa­ti­on of all busi­ness models and dri­ves the ban­king of the future.

die-software.com

Press Con­ta­ct
momen­tum com­mu­ni­ca­ti­on
Dr. Hans-Wil­helm Eckert
Tel. +49 89 12267 544
eckert@momentum-com.de