Press Release Contacts
Investor Relations: Kathleen Clark Bracco
+33 (0)1 40 67 29 61 kbraccoclark@sopragroup.com
Press Relations: Virginie Legoupil
+33 (0)1 40 67 29 41 vlegoupil@sopragroup.com
Sopra Group announces its plan to acquire Delta-Informatique to strengthen its presence in the international financial services sector
Paris, 9 September 2011 Sopra Group and Delta announced today that they are together exploring a proposal under which Sopra Group would acquire Delta. This proposed tie-up, which will be submitted for review to the employee representative bodies of both companies in accordance with applicable legal provisions, is expected to be finalised by early October 2011, subject to the fulfilment of the usual conditions precedent. Delta’s business activities would be integrated with Sopra Group’s range of banking software solutions developed and distributed under the brand name Evolan. Clients would thus benefit from an end-to- end software offering that meets all the information system requirements of retail banks, in France as well as internationally.
Delta develops and distributes a global banking software solution serving retail banks in France and around the world. This offering, used by clients in more than forty countries (notably across Europe and Africa), has been selected by several major banks for implementation within all of their international subsidiaries. In 2010,
Delta reported revenue of 33.5 million.
With its Evolan offering, Sopra Group has been present for more than 30 years in the French market as a developer of software solutions for the banking sector. This acquisition would enable Sopra Group to enhance the Evolan range, in particular by offering its major clients in the banking sector a single solution to support their international expansion projects.
Jean-Paul Bourbon, head of Sopra Group’s Financial Services division, commented: « This proposed acquisition is in keeping with a key strategic objective set by Sopra Group, which aims to make Evolan a clear leader in the banking software solutions market. It would allow the Group to better assist large banking networks with their transformation projects. »
Claude Delage, founder, chairman and chief executive officer of Delta, added, « For Delta’s clients, this partnership would provide long-term assurance of a strong return on their strategic investments. Sopra
Group’s scale and image would mean that we could accelerate the commercialisation of our offering and enrich it with Evolan. Our clients would also have access to an even broader range of solutions covering the entire spectrum of banking information system applications if they so desired. »
The proposed tie-up has been approved by Sopra Group’s Board of Directors. It has been submitted for approval to the regulatory authorities and remains subject to the other customary procedures required to ensure its successful completion. All the necessary measures are expected to be finalised by early October 2011.
Sopra Group plans to finance this acquisition using its existing credit facilities.
Given the complementarities between the Evolan solutions and Delta’s offering, Sopra Group considers that the synergies generated by this acquisition would result in faster growth and improved margins.
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