Stuttgart\/Bogota \u2014 GFT Tech\u00adno\u00adlo\u00adgies SE (GFT) acqui\u00adres 100% of the shares in the Colom\u00adbian core banking expert Sophos Solu\u00adti\u00adons S.A.S.. With Sophos, GFT beco\u00admes one of the top 3 provi\u00adders of IT services for banks in Latin America and also increa\u00adses its global deli\u00advery capa\u00adbi\u00adlity. GFT acqui\u00adres the company from Advent Inter\u00adna\u00adtio\u00adnal, one of the largest and most expe\u00adri\u00aden\u00adced global private equity inves\u00adtors. The acqui\u00adsi\u00adtion is a clear sign of GFT\u2019s contin\u00adued focus on growth and profitability.<\/p>\n
GFT gains a new foot\u00adhold in core banking solu\u00adti\u00adons, AI and cloud moder\u00adniza\u00adtion, as well as addi\u00adtio\u00adnal part\u00adners and clients, inclu\u00adding Colom\u00adbia\u2019s major finan\u00adcial insti\u00adtu\u00adti\u00adons. The company is expan\u00adding its presence to 20 count\u00adries, six of which are in Latin America: Brazil, Mexico and Costa Rica are now joined by Colom\u00adbia, Chile and Panama. The combi\u00adned strength of the two compa\u00adnies will result in GFT beco\u00adming one of the top three provi\u00adders of IT services to banks across Latin America.<\/p>\n
Thanks to the more than 1,700 employees of Sophos, GFT\u2019s global work\u00adforce<\/strong> is growing by almost 20 percent to more than 12,000<\/strong>. This is the largest number of employees that GFT has ever gained through an acqui\u00adsi\u00adtion. The tran\u00adsac\u00adtion is expec\u00adted to be comple\u00adted at the begin\u00adning of Febru\u00adary 2024. In 2022, Sophos gene\u00adra\u00adted reve\u00adnue of around 257 billion Colom\u00adbian pesos (curr\u00adently around 60 million euros) and GFT global reve\u00adnue of over 730 million euros.<\/p>\n \u201cWith this stra\u00adte\u00adgic acqui\u00adsi\u00adtion, we are not only merging compa\u00adnies, but multi\u00adply\u00ading poten\u00adtial,\u201d says GFT CEO Marika Lulay <\/strong>(photo \u00a9 GFT). \u201cIt is a logi\u00adcal conti\u00adnua\u00adtion of our profi\u00adta\u00adble growth stra\u00adtegy. All aspects of Sophos are very valuable to us. From the new colle\u00adagues, new compe\u00adten\u00adcies and clients to the new part\u00adners for core banking solu\u00adti\u00adons such as Oracle Flex\u00adcube. All of this leads to strong momen\u00adtum for GFT in Colom\u00adbia, the third largest Latin Ameri\u00adcan market, as well as expo\u00adnen\u00adtial growth oppor\u00adtu\u00adni\u00adties in the Ameri\u00adcas and beyond.\u201d<\/p>\n Custo\u00admers bene\u00adfit from exper\u00adtise in core banking, AI and cloud modernization<\/strong><\/p>\n Sophos is parti\u00adcu\u00adlarly known for its exper\u00adtise in the areas of core banking, AI and cloud moder\u00adniza\u00adtion as well as inno\u00adva\u00adtion and digi\u00adtal trans\u00adfor\u00adma\u00adtion. GFT\u2019s clients will bene\u00adfit from expan\u00added deli\u00advery capa\u00adcity and access to new exper\u00adtise, inclu\u00adding core banking solu\u00adti\u00adons with Sophos\u2019s estab\u00adlished part\u00adners. For Sophos custo\u00admers, the acqui\u00adsi\u00adtion means access to GFT\u2019s large talent pool, exten\u00adsive expe\u00adri\u00adence in successfully imple\u00admen\u00adting cutting-edge tech\u00adno\u00adlo\u00adgies, more part\u00adners such as Thought Machine and pre-built solu\u00adti\u00adons. All of this toge\u00adther leads to shorter time-to-market and effec\u00adtive deli\u00advery of services to all customers.<\/p>\n \u201cWe are proud to be working with the entire Sophos team at a time of strong growth for the company,\u201d says Lucas Maru\u00adlanda, Direc\u00adtor at Advent Inter\u00adna\u00adtio\u00adnal<\/strong>. \u201cSince our invest\u00adment in 2020, Sophos has stra\u00adte\u00adgi\u00adcally scaled its plat\u00adform through inter\u00adna\u00adtio\u00adnal and regio\u00adnal expan\u00adsion, helping to drive tech\u00adno\u00adlogy trans\u00adfor\u00adma\u00adtion and moder\u00adniza\u00adtion in the finan\u00adcial indus\u00adtry. We look forward to follo\u00adwing the company\u2019s contin\u00adued success.\u201d<\/p>\n \u201cIt is a great oppor\u00adtu\u00adnity for ever\u00adyone at Sophos to become part of GFT,\u201d adds Felipe Villa, CEO of Sophos<\/strong>. \u201cWith the combi\u00adned exper\u00adtise and global presence of Sophos and GFT, we comple\u00adment each other perfectly. This will enable us to better support our custo\u00admers in their digi\u00adtal trans\u00adfor\u00adma\u00adtion \u2014 great news for our employees and their profes\u00adsio\u00adnal deve\u00adlo\u00adp\u00adment, as well as for our custo\u00admers. We are grateful to Advent for taking our busi\u00adness to the next level.\u201d<\/p>\n Canac\u00adcord Genuity<\/strong> acted as exclu\u00adsive finan\u00adcial advi\u00adsor to Advent and Sophos in connec\u00adtion with the transaction.<\/p>\n","protected":false},"excerpt":{"rendered":" Stuttgart\/Bogota \u2014 GFT Tech\u00adno\u00adlo\u00adgies SE (GFT) acqui\u00adres 100% of the shares in the Colom\u00adbian core banking expert Sophos Solu\u00adti\u00adons S.A.S.. With Sophos, GFT beco\u00admes one of the top 3 provi\u00adders of IT services for banks in Latin America and also increa\u00adses its global deli\u00advery capa\u00adbi\u00adlity. GFT acqui\u00adres the company from Advent Inter\u00adna\u00adtio\u00adnal, one of the [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":50959,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1367,1369,1371,1380,2635],"tags":[],"class_list":["post-50962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-investors","category-deals-en","category-management-consultants-investor-relations-en","category-corporate-finance-mergers-acquisitions-en-en"],"yoast_head":"\n