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Draft:GFT Technologies
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GFT Technologies SE is an internationally active information technology service provider and software developer for industry as well as the financial and insurance sectors with headquarters in Stuttgart, Germany. In the 2023 financial year, the company generated EUR 801.74 million and employed over 9,100 people internationally.[1] The GFT share has been listed on the Frankfurt Stock Exchange since 1999, and the shares have been part of the SDAX since 2021.
Submission declined on 7 March 2025 by ToadetteEdit (talk).
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| Submission declined on 6 November 2024 by CFA (talk). This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are: Declined by CFA 8 months ago.
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| Submission declined on 14 June 2024 by TheNuggeteer (talk). This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are: Declined by TheNuggeteer 13 months ago.
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| Submission declined on 30 January 2024 by Jamiebuba (talk). This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are: Declined by Jamiebuba 17 months ago.
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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)
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Services
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GFT's services are primarily aimed at industry as well as financial and insurance service providers.[2]
In the area of cloud technologies, GFT offers various services, such as cloud migration, as well as application and mainframe modernization.[3][4] For the financial industry, GFT uses cloud computing, among other things, to be able to process core processes of financial institutions, such as payment transactions, in the cloud.[5]
In the field of artificial intelligence, GFT develops programs for fraud detection and visual quality control, among others.[3][6] These programs are often used in banks, insurance companies and in visual quality control applications in industry, such as in the maintenance of machines and systems or, for example, in the visual quality control of vehicles.[7]
The company also develops blockchain- based applications.[3] Among other things, GFT developed an application to digitally map real assets on the blockchain and store them securely as a cryptocurrency.[8]
The company also uses green coding. Green coding involves designing software in such a way that as little energy as possible is consumed during use.[9][10][11] GFT also develops various software programs for industrial customers, including applications that determine the power consumption of machines.[12]
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History
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1987–1999
Ulrich Dietz founded the company in 1987[2] together with Michael Schönemann[13] as Gesellschaft für Technologietransfer mbH in St. Georgen in the Black Forest.[14] Dietz initially acted as managing director, but became chairman of the board in 1998 and took over all of GFT's shares in 1991.[15]
The first product to come onto the market was GRIT in 1990, which later became a BPM suite under the name inspire. In 1993, the company developed systems for Deutsche Post AG.[16]
The company was listed on the Neuer Markt on 28 June 1999. Since then, the company has been trading under the name GFT Technologies. The largest owners have been founder Ulrich Dietz and his wife Maria Dietz.[17]
2000–2014
In 2001, GFT acquired emagine, an IT subsidiary of Deutsche Bank. A new development center with around 500 IT banking specialists was added in Barcelona.[14] In the same year, the company acquired Rule Financial, which was renamed GFT UK.[18]
By 2003, GFT had set up offices in Germany, Hungary, Spain and India.[19] In 2005, the company modernized the IT applications of a Brazilian financial services provider and thus operated outside the European market for the first time. A development center was also established in São Paulo.[19]
In 2006, GFT acquired Parity Beteiligungsgesellschaft GmbH including its subsidiaries Parity Eurosoft and Parity Selection.[20]
In 2007, the decision was made to completely discontinue the BPM suite inspire.[21] One year later, the division was transferred to its own GmbH, Inspire Technologies GmbH, through a management buyout.[22]
In 2008, the company headquarters were moved from St. Georgen in the Black Forest to Stuttgart.[23] In 2010, the company sold its software division (GFT inboxx GmbH) and concentrated on IT consulting and application development, as well as temporarily on the placement of IT specialists.
In 2011, GFT founded CODE_n, an international competition for new IT-based business models.[2] Consulting services, shared office space and events brought start-ups and established companies together.[24][25] In 2021, GFT sold its shares in the platform.[1]
In 2013, the company acquired 80 percent of the shares in Sempla Srl, based in Italy.[26] In 2014, GFT bought the British company Rule Financial Ltd., which had 662 employees in Great Britain, Poland, the USA, Spain, Canada and Costa Rica. The purchase increased GFT's workforce to around 3,400 people in eleven countries.[27]
Since 2015
On August 18, 2015, GFT Technologies AG was converted into a European Company (SE). In the same year, the human resources services division emagine was sold to management. The company also acquired the Spanish digital banking service provider Adesis Netlife SL. With Adesis, GFT expanded its business activities in Spain and Latin America (Mexico).[28]
In 2016, GFT acquired the Brazilian IT specialist Habber Tec Brazil, thereby further expanding its market position in Latin America and growing by over 100 new employees in São Paulo and Curitiba.[29]
In 2017, Marika Lulay took over the management of GFT Technologies at the end of the Annual General Meeting on 31 May. Ulrich Dietz, the previous Managing Director (CEO), moved to the position of Chairman of the Board of Directors.[30][31]
In 2018, the company acquired the Canadian IT specialist V-Neo, which develops IT solutions for insurance companies and implements Guidewire services.[32]
In 2019, the company took over the business activities and employees of Axoom GmbH in Karlsruhe to strengthen its industrial strategy.[33]
At the beginning of 2021, a new delivery center was established in Vietnam for the Asian region.[34] Further branches in Asia were opened in Singapore and Hong Kong, China, in 2020. The company was listed on the SDAX in the same year.
In March 2023, GFT announced the acquisition of Targens GmbH from Landesbank Baden-Württemberg.[35] In the same year, together with Red Date Technology and the Toko initiative, the Universal Digital Payment Network (UDPN) was introduced, a blockchain-based network that provides interoperability between regulated stablecoins and CBDC.[36]
In January 2024, GFT announced that it had acquired 100% of the shares in Colombian core banking expert Sophos Solutions SAS. Sophos is a specialist in the modernization of core banking systems and cloud computing. The acquisition is said to have cost GFT around 80 million euros.[37] In March 2024, GFT announced the launch of the Universal Digital Payments Network (UDPN) All-in-One Digital Currency Sandbox, a technology that allows banks to test their systems for handling digital currencies.[38]
Since July 1, 2024, Marco Santos has served as Chief Executive Officer, succeeding Marika Lulay, who did not want to renew her contract.[39]
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Business figures
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In the 2023 financial year, the company generated sales of over 801 million euros and employed an average of over 9,100 people.[1] Approximately 90% of sales were generated abroad and 95% of GFT's employees are also located abroad.[40] GFT has international offices in Germany, Switzerland, Poland , Belgium, France, Italy, Spain, Brazil, Costa Rica, Canada, Mexico, the USA, Singapore, the United Kingdom and Hong Kong.[41]
Corporate Structure
The management of GFT consists of an administrative board with the following members:
- Ulrich Dietz – Chairman of the Board of Directors
- Paul Lerbinger – Deputy Chairman of the Board of Directors
- Maria Dietz
- Prof. Dr. Andreas Wiedemann
- Dr. Annette Beller
- Dr. Jochen Ruetz – Managing Director
- Marika Lulay – Chairwoman of the Executive Directors[42]
At the end of 2021, the company held direct or indirect shares in the following companies:[43]
Direct Investments
- GFT Deutschland GmbH, Stuttgart (100%)
- GFT Real Estate GmbH, Stuttgart (100%)
- SW34 Gastro GmbH, Stuttgart (100%)
- GFT Treasury Services GmbH, Stuttgart (100%)
- GFT Invest GmbH, Stuttgart (100%)
- GFT Integrated Systems GmbH, Konstanz (100%)
- Incowia GmbH, Ilmenau, Germany (10 %)[43]
Abroad:
- GFT Schweiz AG, Zurich, Switzerland (100%)
- GFT UK Limited, London, United Kingdom (100%)
- GFT Technologies S.A.U., Madrid, Spain (100%)
- GFT Italia S. r. l., Milan, Italy (100%)
- GFT Technologies Canada Inc., Quebec, Canada (100%)
- GFT France S. A. S., Niort, France (100%)
- GFT Technologies Hong Kong Ltd., Hong Kong, China (100%)
- GFT Technologies Singapore Pte. Ltd., Singapore, Singapore (100%)
- GFT Technologies Romania Srl, Iași, Romania (100%)
Indirect Investments
- GFT IT Consulting, SLU, Sant Cugat del Vallès, Spain (100%)
- GFT Brasil Consultoria Informática Ltda., Barueri, Brazil (100%)
- GFT USA Inc., New York, USA (100%)
- Med-Use S. r. l., Milan, Italy (100%)
- GFT Financial Limited, London, United Kingdom (100%)
- GFT Canada Inc., Toronto, Canada (100%)
- GFT Poland Sp. z o. o., Łódź, Poland (100%)
- GFT Costa Rica S.A., Heredia, Costa Rica (100%)
- GFT México SA de CV, Mexico City, Mexico (100%)
- GFT Peru S.A.C., Lima, Peru (100%)
- GFT Technologies Belgique SA, Brussels, Belgium (100%)
- GFT Technologies Vietnam Limited, Ho Chi Minh City, Vietnam (100%)
- Med-Use Srl, Milan, Italy[43]
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Shareholder structure
As of December 31, 2023.[43]
Awards
GFT has received several recognitions from industry analysts for its services, including:
- 2022: Quadrant Spark Matrix Digital Banking Services. Leader worldwide (main contender).[44]
- 2022: Everest Group System Integration Capabilities for AWS (primary contender).[45]
- 2022: Everest Group System Integration Capabilities for Azure (primary contender).[45]
- 2022: Everest Group System Integration Capabilities for Google Cloud Platform (primary contender).[46]
- 2022: Everest Group Guidewire Services (Lead Contender and Star Performer).[47]
- 2023 CIR Risk Management Program of the Year.[48]
- 2023 FS Tech Award: Digital Asset Innovation of the Year.[49]
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References
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