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Sopra Steria

(Redirected from Sopra Banking Software)

Sopra Steria is a European-based consulting, digital services, and software development company with 50,000 consultants. The company is headquartered in Paris and has operations in several countries in Western Europe.

Sopra Steria Group SA
Company typeSociété Anonyme
Euronext Paris: SOP
CAC Mid 60 Component
ISINFR0000050809
IndustryInformation technology consulting and services
Founded1968; 56 years ago (1968)
HeadquartersParis, France
Key people
  • Cyril Malargé (CEO)
RevenueIncrease €4.682 billion (2021)
Increase €379.2 million (2021)
Increase €187.7 million (2021)
Total assetsIncrease €2.873 billion (2021)
Total equityIncrease €1.695 billion (2021)
Number of employees
58,000 (14 June 2024)[1]
Websitesoprasteria.com

Sopra Steria has a new consulting wing under the "Next" brand. It employs 3,400 consultants across Europe, including 1,900 in the group's native France. After adding the shares held directly in registered form by current and former Group employees, these proportions amount to nearly 10% of the share capital and 13% of voting rights, thereby making employees the Group's second-largest shareholder.

History

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Sopra was created in 1968, followed closely by the 1969 founding of Steria. SODERI (Information Research and Development Company) holds 51%, the BNP Group holds 29.5% and the Indochina Group holds 19.5%[of what?].

By 1971, Sopra signed its first large global banking managed services agreement, which led to the first banking platform the following year. Steria computerized Agence France-Presse in 1973 by creating a text processing system that enables real-time information transmission. After acquiring Sitintel in 1974, the group developed Minitel and eventually received its first major national project with the French Ministry of the Interior in 1986.

Steria's automation project for the RER A in Paris made it valuable enough to be registered on the Second Market of the Paris stock exchange (now the NYSE Euronext Paris) by 1990. Sopra set up its subsidiary, Axway Software, in 2001, through which the company expanded into the Enterprise Application Integration (EAI) market.

In 2014, Sopra and Steria officially merged[2] into the Sopra Steria Group in August. On 31 December 2014, the legal merger of the two groups was completed. After the merger, Sopra Steria acquired CX-partners in 2019 and Fidor Solutions in 2020.

Sopra

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Logo of Sopra. The motto of the company was Talented together

Sopra was seated in Annecy, France. The company had a revenue of €1.349 billion (2013) and 16,290 (Dec. 2013) employees. It was founded in January 1968 by Pierre Pasquier, François Odin and Léo Gantelet.[3][4] In March 2014, Sopra Group was renamed Sopra. In April 2014, Sopra announced a merger with Steria in an attempt to become the European leader in computer services.[5] Sopra is a consulting, IT services, and software development company. Its subsidiary Sopra Banking Software develops and distributes software for the financial services market.

It runs three complementary business lines: consulting management and technology, systems integration, and software publishing in the following field in human resources and real estate management.[6]

Acquisitions

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Sopra's main acquisitions are:

  • SG2 Ingénierie (1996)
  • Orga Consultants (2000)[7]
  • ITI and CS Rand (2001)[8]
  • Inforsud Ingénierie from the Crédit Agricole Group (2003)
  • Valoris (2004)[9]
  • Newell & Budge (UK) and its subsidiaries in Ireland and India, IT services (2005)[10]
  • 100% of the share capital of PROFit SA (2005)
  • CIBF (2008)[11]
  • 100% of the share capital of Delta Informatique (2011)[7][12]
  • Callataÿ & Wouters (2012)[13][14]
  • British subsidiaries of Business & Decision and Tieto (2012)[15]
  • Callataÿ & Wouters and Delta Informatique (2012)[16]
  • HR Access (2013)[17]
  • COR&FJA Banking Solutions (2014)[18]
  • CIMPA (2015)[19]
  • Cassiopae (2017)
  • Kentor (2017)
  • 2MoRO (2017)
  • Galitt (2017)
  • BLUECARAT (2018)
  • Sword Apak (2018)
  • SAB (2019)
  • Sodifrance (2020)
  • Fidor Solutions (Fidor Bank) (2020)
  • EVA Group (2021)
  • EGGS Design (2021)
  • Labs (2021)
  • CS Group (2022)
  • Ordina and Tobania (2023)[20]
  • MarinIT (2023)[21]
  • Shared Services Connected Ltd (SSCL)[22]

Axway Software

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In 2001, Sopra used its subsidiary Axway to access the EAI market.[23] The following year, Axway acquired Viewlocity Inc.[24][25] From 2006 to 2008, it acquired Cyclone Commerce, Inc.,[26][27] Atos Origin,[28] and Tumbleweed Communications Corp.[29]

Axway Software split from Sopra in June 2011 after its stock market launch.[30]

Steria

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Logo of Steria

Groupe Steria SCA was a multinational information technology services company founded in 1969, based in Issy-les-Moulineaux, France.[31] It focused on public services, finance, telecommunications, utilities and transport, and provided consulting services for its clients' core business processes.

Steria was created by Jean Carteron in 1969. Francois Enaud took over as chairman and CEO in 1998[32] and Steria listed itself on the Paris Stock Exchange the next year. In 2000, Steria acquired three service and telecom companies in France and became one of the top five French service providers. In 2001, Steria started the Foundation Steria,[33] a community support group. In July 2007, Steria acquired the United Kingdom-based IT outsourcing and technology company Xansa for £472 million in cash.[34][35]

Steria had sites in Austria, Belgium, Denmark, France, Germany, Hong Kong, India, Luxembourg, Morocco, Norway, Poland, Singapore, Switzerland, Sweden and the United Kingdom.[36]

In May 2018, the UK's Minister of State for Immigration, Caroline Nokes, announced significant changes to the visa application submission process. In her statement, she announced the government would be outsourcing the immigration application process to Sopra Steria Group by October 2018.,[37][38]

Controversies

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In the UK, the National Audit Office found that NHS SBS first recognized in January 2014 that patients might have come to harm as a result of what was, at the time, a growing backlog of undelivered paperwork. Although staff raised concerns, the company did not alert the department or NHS England until March 2016. The NAO concluded that the company had been "obstructive and unhelpful" with regard to the subsequent inquiry launched by NHS England.[39] In 2017, a UK Commons public accounts committee was informed that at least 12,000 missing papers – possibly including patient records and cancer tests – had not been processed by the company.[40][41][42]

In 2019, several members of the British Parliament, concerned about "grave problems" in Sopra Steria's £91 million contract to manage post-Brexit biometric services for immigrants, wrote to the National Audit Office to request an urgent investigation into the quality of service, responding to allegations that the company was charging "extortionate" rates to the vulnerable.[43][44][45]

Ransomware attack

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On 20 October 2020, the company suffered a Ryuk ransomware attack.[46] Using a new variant of Ryuk, the cybercriminals unsuccessfully tried to encrypt the company's data, making it inaccessible unless a ransom is paid. Ryuk has been described as "one of the most dangerous ransomware groups that operate through phishing campaigns".[46]

References

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  1. ^ "About us | Sopra Steria" (PDF).
  2. ^ "Sopra Group Story - Profile, CEO, Founder, History Technology Companies | SuccessStory". successstory.com. Retrieved 3 May 2023.
  3. ^ Histoire – Les deux derniers grands capitaines de l’industrie des services informatiques encore à la barre de leur entreprise[permanent dead link‍], nr. 218, p.1026-1028, iLogiciels & Services
  4. ^ Pierre Pasquier, dernier pionnier, Olivier Hensgen, 23 maart 2009, La Tribune
  5. ^ Sopra announces merger with Steria
  6. ^ Annual financial report – Additional information on page 6 Archived 2012-05-26 at the Wayback Machine
  7. ^ a b "Rapprochements conseil et SSII : quand l'amont et l'aval ne font qu'un". Archived from the original on 18 March 2014. Retrieved 19 April 2013.
  8. ^ "Sopra fait ses emplettes en Italie et en Grande-Bretagne". Archived from the original on 18 March 2014. Retrieved 19 April 2013.
  9. ^ "Valoris se décide pour Sopra". Archived from the original on 18 March 2014. Retrieved 19 April 2013.
  10. ^ Sopra settles in the UK by acquiring Newell & Budge
  11. ^ Sopra se renforce dans le secteur bancaire avec le rachat de CIBF
  12. ^ Sopra s'offre l'éditeur de logiciels financiers Delta Informatique
  13. ^ Callataÿ & Wouters racheté par le français Sopra
  14. ^ Callataÿ & Wouters signe un accord avec le groupe Sopra et formera ainsi un acteur européen majeur[permanent dead link‍]
  15. ^ Sopra annonce la finalisation de deux acquisitions au Royaume-Uni
  16. ^ Historique de Sopra Banking Software Archived 14 August 2013 at the Wayback Machine
  17. ^ ChannelNews – Sopra Group finalises the acquisition of HR Access
  18. ^ Sopra finalise l’acquisition de COR&FJA Banking Solutions GmbH
  19. ^ "Airbus and Sopra Steria Finalise Their Agreement on the Acquisition of CIMPA". FinanzNachrichten.de.
  20. ^ "Sopra Steria kjøper it-selskap av DOF Group". 15 June 2023.
  21. ^ "Shared Services Connected Ltd to become wholly owned by Sopra Steria". Sopra Steria. Retrieved 17 April 2024.
  22. ^ 01net (7 June 2001). "L'EAI prend le chemin de l'indépendance". 01net (in French). Retrieved 23 April 2021.{{cite web}}: CS1 maint: numeric names: authors list (link)
  23. ^ Europolitics – SOPRA ACQUIRES STAKE IN AMERICAN GROUP VIEWLOCITY Archived 2 July 2013 at archive.today
  24. ^ "Information-Age – Viewlocity backs out of EAI". Archived from the original on 4 March 2016. Retrieved 24 April 2013.
  25. ^ Bloomberg Business Week – Cyclone Commerce, Inc. was acquired by Axway Software S.A.
  26. ^ 4-Traders – Sopra Group: Axway Finalizes Merger with Cyclone
  27. ^ GARTNER – Axway and Atos Origin Unite to Offer B2B Integration Services
  28. ^ Reuters – IT group Sopra in friendly $138 bid for Tumbleweed
  29. ^ "Euronext – Axway IPO, NYSE Euronext Paris". Archived from the original on 18 March 2014. Retrieved 24 April 2013.
  30. ^ "Steria – Who are we?". Archived from the original on 13 January 2015. Retrieved 27 September 2015.
  31. ^ ,"Steria – François Enaud – Chairman and CEO". Archived from the original on 13 January 2015. Retrieved 27 September 2015.
  32. ^ Home Page Archived 2 August 2012 at archive.today
  33. ^ "Xansa surges after rival's £472m bid". The Telegraph. 31 July 2007. Retrieved 9 September 2012.
  34. ^ "France's Steria to buy UK IT group Xansa". Reuters. 30 July 2007. Archived from the original on 13 January 2015. Retrieved 9 September 2012.
  35. ^ "Steria – Locations". Archived from the original on 13 January 2015. Retrieved 27 September 2015.
  36. ^ "It's a Visa Application Service – but not as we know it".
  37. ^ "Sopra Steria has been awarded a new UKVI contract".
  38. ^ "NHS data loss scandal deepens with further 162,000 files missing". The Guardian. 16 October 2017.
  39. ^ "NHS accused of covering up huge data loss that put thousands at risk". The Guardian. 27 February 2017.
  40. ^ "Hundreds of patients potentially harmed by undelivered NHS mail". The Guardian. 26 June 2017.
  41. ^ "Watchdog slaps NHS for failure to tackle correspondence backlog". The Register.
  42. ^ "Law Society and ILPA back MPS' call for an urgent investigation into the Home Office's partnership with Sopra Steria | Electronic Immigration Network".
  43. ^ "Home Office urged to 'get a grip' of its responsibilities after chief inspector admits it is outsourcing 'on the cheap'". The Independent. 18 July 2019. Archived from the original on 24 May 2022.
  44. ^ "UK Home Office hands Sopra Steria £91m digital visa contract".
  45. ^ a b "Sopra Steria falls victim to Ryuk Ransomware". SecureReading. 23 October 2020. Retrieved 4 December 2020.
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