Callataÿ & Wouters, a leading developer of core banking software, is proud to announce a new step in the company’s growth. Belgium’s Callataÿ & Wouters has signed an agreement with France’s Sopra Group, entailing the formation of a new company. The new Franco-Belgian company will count 1.200 specialists and will de facto become one of the major European players in banking software.
Founded in 1983, Callataÿ & Wouters has seen almost three decades of consecutive growth, with the most recent years showing an especially strong increase in revenue, EBIT and employees. The company was looking to increase its scope even further, and after a careful deliberation process, decided to sign an agreement with Sopra Group’s banking software business that will integrate both entities into one company.
“The combined size, expertise, customer base and know-how of the new company will allow us to achieve a strong, strategic leadership position in Europe. Our expanded scope, including a workforce of 1.200 people and an aggregate reference list of hundreds of customers around the world, will also enable us to serve our clients better,” comments Marc De Groote, CEO of Callataÿ & Wouters, “At the same time, we keep all strengths that Callataÿ & Wouters already had, and are determined to continue our 100% implementation track record. We believe that our flagship product, Thaler, will be strongly enhanced by Sopra’s Evolan suite of products.”
Neither partner is planning to proceed rashly. “More details of the integration process will be hammered out in the time to come. In the meantime, we will base our integration especially on business opportunities where we see the synergy between Thaler and Evolan working really well,” adds Mr. De Groote, “What’s especially important here is that Callataÿ & Wouters and Sopra’s Evolan business share a company culture in general, and have a lot of values in common when it comes down to customer focus and dedication in particular.”
“It is an entirely new chapter in our history, with a lot of opportunities for our customers and employees alike. But we also want to emphasize a lot of continuity,” says Mr. De Groote. Mr. De Groote himself will be one of the principal directors of the new entity, and Callataÿ & Wouters’ founders, Didier de Callataÿ and Godefroid de Wouters, will also be part of the new Board of Directors.
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Callatay & Wouters Signs An Agreement With Sopra Group, Entailing The Formation Of A New Company That Constitutes A Major European Player
Date 16/02/2012