Wikipedia

Draft:GFT Technologies

  • Comment: Per WP:ORGTRIV, routine announcements and the like do not count towards notability. C F A 💬 17:31, 6 November 2024 (UTC)
  • Comment: I can't see reliable sources talking mostly about the company. TheNuggeteer (talk) 12:34, 14 June 2024 (UTC)
GFT Technologies
Company typeSocietas Europaea
ISIN: DE0005800601
IndustryIT Services, Software Development
Founded1987
FounderUlrich Dietz, Michael Schönemann
Headquarters
Stuttgart, Germany
Key people
  • Marika Lulay (CEO)
RevenueEUR €730.14 million (FY 2022)[1]
Number of employees
8,842
WebsiteGFT.com

GFT Technologies is a German software development company headquartered in Stuttgart, Germany. Founded in 1987 by Ulrich Dietz and Michael Schönemann, the company provides IT services to various sectors, including industry, financial services, and insurance.

History

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Ulrich Dietz founded the company in 1987 with Michael Schönemann under the name Gesellschaft für Technologietransfer mbH in Sankt Georgen im Schwarzwald. Dietz initially served as managing director and became chairman of the board in 1998.[2]

The company launched its first product, GRIT, in 1990, which later evolved into a BPM suite known as inspire. By 1993, GFT developed systems for Deutsche Post AG.[3] On June 28, 1999, the company went public on the Neuer Markt and began trading as GFT Technologies. Ulrich Dietz and his wife Maria Dietz were the largest shareholders.[4]

In 2001, GFT acquired emagine, an IT subsidiary of Deutsche Bank, and established a new development center in Barcelona with approximately 500 IT banking specialists.[4] The same year, GFT also acquired Rule Financial, renaming it GFT UK.[5] By 2003, GFT had expanded to Germany, Hungary, Spain, and India.[6] The company first operated outside Europe in 2005 by modernizing IT applications for a Brazilian financial services provider and opening a development center in São Paulo.[6]

In 2006, GFT acquired Parity Beteiligungsgesellschaft GmbH, including its subsidiaries Parity Eurosoft and Parity Selection.[7] The company decided to discontinue the BPM suite inspire in 2007, transferring the division to Inspire Technologies GmbH in a management buyout.[8][9] In 2008, GFT moved its headquarters from St. Georgen to Stuttgart.[10] The company sold its software division, GFT inboxx GmbH, in 2010 and refocused on IT consulting, application development, and the placement of IT specialists.

GFT established CODE_n in 2011, an international competition aimed at fostering new IT-based business models, and provided consulting services and office space for start-ups and established companies.[11][12] The company sold its shares in CODE_n in 2021.[13] In 2013, GFT acquired 80 percent of the shares in Italian company Sempla Srl.[14] The acquisition of British company Rule Financial Ltd. in 2014 increased GFT's workforce to around 3,400 employees across eleven countries.[15]

On August 18, 2015, GFT Technologies AG became a Societas Europaea (SE). The same year, the company sold its personnel services division emagine and acquired Spanish digital banking service provider Adesis Netlife SL, expanding its business in Spain and Latin America.[16]

In 2016, GFT acquired Brazilian IT specialist Habber Tec Brazil, growing its presence in Latin America and adding over 100 employees in São Paulo and Curitiba.[17] Marika Lulay took over as CEO on May 31, 2017, with Ulrich Dietz transitioning to Chairman of the Board.[18][19] GFT acquired Canadian IT specialist V-Neo in 2018, specializing in IT solutions for insurance companies.[20]

The company strengthened its industrial strategy by taking over Axoom GmbH in 2019.[21] In early 2021, GFT established a new delivery center in Vietnam and opened branches in Singapore and Hong Kong, China, in 2020.[22] GFT was listed on the SDAX in 2020.

As of December 31, 2022, the shareholder structure comprises a Free float of 64.2%, Ulrich Dietz with 26.3%, and Maria Dietz with 9.5% of the shares.[23]

In March 2023, GFT announced the acquisition of Targens GmbH from Landesbank Baden-Württemberg.[24] The company, in collaboration with Red Date Technology and the Toko initiative, introduced the Universal Digital Payment Network (UDPN), a blockchain-based network for regulated stablecoins and CBDCs.[25] In January 2024, GFT acquired 100% of the shares in Colombian core banking expert Sophos Solutions SAS for approximately 80 million euros.[26] In March 2024, GFT launched the UDPN All-in-One Digital Currency Sandbox, allowing banks to test their systems for digital currencies.[27] Marco Santos succeeded Marika Lulay as CEO on July 1, 2024.[28]

In the 2023 financial year, the company generated EUR 801.74 million.[29]

Services

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GFT provides services primarily for industry as well as financial and insurance service providers.

In the realm of cloud technologies, GFT offers services such as cloud migration, application modernization, and mainframe modernization.[30][31] For the financial industry, the company utilizes cloud computing to manage core processes like payment transactions.[32]

In artificial intelligence, GFT develops programs for fraud detection and visual quality control.[30][33] These programs are applied in banks, insurance companies, and industrial settings, including machine maintenance and vehicle quality control.[30][34]

The company also creates blockchain-based applications, including a system to digitally represent real assets on the blockchain and secure them as cryptocurrency.[30][35]

Additionally, GFT practices green coding, which focuses on designing software to minimize energy consumption.[36][37][38] The company develops software for industrial clients that includes tools for monitoring machine power consumption.[39]

Awards

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  • 2022: Quadrant Spark Matrix Digital Banking Services. Leader worldwide (main contender).[40]
  • 2022: Everest Group System Integration Capabilities for AWS (primary contender).[41]
  • 2022: Everest Group System Integration Capabilities for Azure (Lead Contender).[42]
  • 2022: Everest Group System Integration Capabilities for Google Cloud Platform (Lead Contender).[43]
  • 2022: Everest Group Guidewire Services (Lead Contender and Star Performer).[44]
  • 2023 CIR Risk Management Program of the Year.[45]
  • 2023 FS Tech Award: Digital Asset Innovation of the Year.[46]

References

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  1. ^ "Annual Report 2022" (PDF).
  2. ^ "Ulrich Dietz". Computerwoche (in German). Retrieved 2023-06-29.
  3. ^ GFT kauft Firma in Spanien auf. In: Südkurier, 17. Oktober 2017. Abgerufen am 29. Juni 2023.
  4. ^ a b Der Gründer ist noch immer an der Spitze mit dabei. In: Stuttgarter Zeitung, 2. März 2010. Abgerufen am 29. Juni 2023.
  5. ^ Stephen Durham (2015-01-08). "Rule Financial becomes GFT UK". Securities Finance Times. Retrieved 2023-06-29.
  6. ^ a b Schrittweise Internationalisierung. In: Stuttgarter Zeitung, 17. September 2007. Abgerufen am 29. Juni 2023.
  7. ^ "GFT Technologies kauft Resourcing-Geschäft von Parity". Computerwoche (in German). 2006-01-26. Retrieved 2023-06-29.
  8. ^ Schrittweise Internationalisierung. In: Stuttgarter Zeitung, 17. September 2007. Abgerufen am 29. Juni 2023.
  9. ^ Matthias Parbel (2008-09-04). "Inspire führt BPM-Geschäft von GFT inboxx weiter". Heise online. Retrieved 2021-07-21.
  10. ^ GFT kauft Firma in Spanien auf. In: Südkurier, 17. Oktober 2017. Abgerufen am 29. Juni 2023.
  11. ^ "CODE_n | The Global Innovation Hub for Digital Pioneers". Code_n (in German). Retrieved 2023-05-09.
  12. ^ "CODE_n GmbH, Stuttgart". Northdata (in German). Retrieved 2023-05-09.
  13. ^ "Geschäftsbericht 2023" (PDF) (in German). GFT Technologies. 2024-03-31. Retrieved 2024-06-05.
  14. ^ Andreas Geldner: GFT expandiert in Italien. In: Stuttgarter Zeitung, 1. Juni 2013. Abgerufen am 29. Juni 2023.
  15. ^ GFT blickt nach London und New York. In: Stuttgarter Zeitung, 27. Juni 2014. Abgerufen am 29. Juni 2023.
  16. ^ Isabel Gómez: In den USA und Lateinamerika kratzen wir erst an der Oberfläche". CEO und CFO von GFT Technologies über die neue Aufstellung und die Wachstumspläne. In: Börsen-Zeitung, 4. August 2015. Abgerufen am 29. Juni 2023.
  17. ^ GFT Technologies kauft in Brasilien zu. In: Börsen-Zeitung, 13. April 2016. Abgerufen am 29. Juni 2023.
  18. ^ Marc Beise: Coden fürs Klima. In: Süddeutsche Zeitung, 10. August 2021. Abgerufen am 29. Juni 2023.
  19. ^ Isabel Gomez: GFT setzt auf neue Felder. In: Börsen-Zeitung, 26. Mai 2017. Abgerufen am 29. Juni 2023.
  20. ^ GFT baut Versicherungsgeschäft aus. In: Börsen-Zeitung, 5. Juli 2018. Abgerufen am 29. Juni 2023.
  21. ^ Imelda Flaig: GFT übernimmt Axoom von Trumpf. In: Stuttgarter Nachrichten, 3. Juli 2019. Abgerufen am 29. Juni 2023.
  22. ^ "GFT expands in Asia-Pacific market, establishes nearshore delivery centre in Vietnam". Bobsguide. 2021-02-08. Retrieved 2021-09-17.
  23. ^ "GFT Key figures". GFT. Retrieved 2024-01-07.
  24. ^ Heidi Rohde: GFT stärkt sich mit Zukauf. In: Börsen-Zeitung, 24. Februar 2023. Abgerufen am 29. Juni 2023.
  25. ^ Ledger Insights (2023-01-20). "Universal Digital Payment Network targets interoperable stablecoins, CBDCs". Retrieved 2023-05-09.
  26. ^ Handelsblatt (2024-01-25). "GFT Technologies übernimmt kolumbianischen Kernbankenexperten Sophos" (in German). Retrieved 2024-06-05.
  27. ^ Frankfurter Allgemeine Zeitung (2024-04-03). "GFT setzt auf Krypto-Geldströme" (in German). Retrieved 2024-06-05.
  28. ^ "GFT Technologies beruft Marco Santos zum CEO". Börsen-Zeitung (in German). Retrieved 2024-07-12.
  29. ^ "Geschäftsbericht 2023" (PDF) (in German). GFT Technologies. 2024-03-31. Retrieved 2024-06-05.
  30. ^ a b c d Isabel Gomez: GFT setzt auf neue Felder. In: Börsen-Zeitung, 26. Mai 2017. Abgerufen am 29. Juni 2023.
  31. ^ "Cloud – erweitern Sie Ihren Horizont". GFT (in German). Retrieved 2023-06-29.
  32. ^ Oliver Schmale (2023-03-17), Frankfurter Allgemeine Zeitung (ed.), Digitalisierungswelle in der Finanzbranche beflügelt GFT, ISSN 0174-4909, retrieved 2023-07-17
  33. ^ Ronja Menzel (2022-12-15). "Ressourceneffizienz: Trends für die nachhaltige digitale Fabrik der Zukunft". Digital Manufacturing Magazin (in German). Retrieved 2023-06-29.
  34. ^ Ronja Menzel (2023-04-13). "KI in der Fertigung: Schritt für Schritt einführen". Digital Manufacturing Magazin (in German). Retrieved 2023-08-02.
  35. ^ Oliver Schmale (2022-05-31), "GFT schwimmt auf der Digitalisierungswelle", Frankfurter Allgemeine Zeitung, ISSN 0174-4909, retrieved 2023-06-29
  36. ^ Marc Beise: Coden fürs Klima. In: Süddeutsche Zeitung, 10. August 2021. Abgerufen am 29. Juni 2023.
  37. ^ Die neue Sparsamkeit in der IT. In: Stuttgarter Zeitung, 17. Januar 2022. Abgerufen am 29. Juni 2023.
  38. ^ Dietmar Poll (2022-01-21). "Green Coding: So funktioniert CO2-Reduktion bei Software". Produktion. Technik und Wirtschaft für die deutsche Industrie (in German). Retrieved 2023-05-09.
  39. ^ Oliver Schmale: Mehr Versicherungen, mehr Industrie, weniger Banken. In: Frankfurter Allgemeine Zeitung, 9. September 2020. Abgerufen am 17. Juli 2023.
  40. ^ "GFT positioned as the Leader in the 2022 Spark Matrix for Digital Banking Services by Quadrant Knowledge Solutions". Bloomberg. 2022-08-08. Retrieved 2023-06-29.
  41. ^ Mukesh Ranjan, Kumar Avijit, Sushree Acharya, Zachariah K Chirayil, Kaustubh K, Deepti Sekhri, Anushka Sharma (2022-08-08). "Everest Group Reports". Everest Group. Retrieved 2023-06-29.{{cite web}}: CS1 maint: multiple names: authors list (link)
  42. ^ Mukesh Ranjan, Kumar Avijit, Sushree Acharya, Zachariah K Chirayil, Kaustubh K, Deepti Sekhri, Anushka Sharma (2022-08-08). "Everest Group Reports". Everest Group. Retrieved 2023-06-29.{{cite web}}: CS1 maint: multiple names: authors list (link)
  43. ^ "System Integration Capabilities On Google Cloud Platform (GCP) Peak Matrix Assessment 2022". Everest Group. 2022-12-30. Retrieved 2023-06-29.
  44. ^ "Guidewire Services Peak Matrix Assessment 2023". Everest Group. 2022-12-19. Retrieved 2023-06-29.
  45. ^ "CIR Risk Management Awards 2023". CIR. Retrieved 2024-06-05.
  46. ^ "FS Tech Awards 2023". FS. Retrieved 2024-06-05.
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