Corporate | 19 January 2010 11:02
GFT Technologies AG / Miscellaneous
19.01.2010
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Stuttgart, 19 January 2010 - The international IT company GFT Technologies
AG (GFT) has signed a multi-year contract with Deutsche Bank in Spain. The
Spanish subsidiary GFT IT Consulting, S.L.U. will manage the maintenance
and development for the majority of the bank's IT applications in Spain.
This deal strengthens GFT's position as a strategic IT partner for leading
financial institutions worldwide.
'The signing of this contract is a fantastic start to the new year. It
intensifies our many years of successful cooperation with Deutsche Bank and
strengthens our Spanish subsidiary as a competence centre for excellent IT
consultancy and application development for the financial sector,' says
Ulrich Dietz, CEO of GFT.
The contract value will come to approx. EUR 80 million over a period of
seven years. As part of the agreement, GFT will, amongst other things, take
responsibility for applications that handle payment transactions, online
banking, credit card management and securities transactions for Deutsche
Bank in Spain. The GFT team members will be on hand 24 hours a day, seven
days a week, to maintain the applications.
'As a leading financial institution, we want to ensure excellent customer
service and therefore place very high demands on the information technology
and IT applications provided for this purpose. They must be reliable in
operation and adaptable to the increasingly rapid innovation cycles in a
flexible and cost-effective manner,' says Wolfgang Gaertner, Chief
Information Officer at Deutsche Bank.
GFT and Deutsche Bank have been strategic partners since 2001, during which
time GFT has been able to steadily expand its range of skills in the
financial sector, particularly in Spain. 'We have gained excellent
specialist knowledge in the private and corporate banking sector, which can
be combined perfectly with our established technological knowledge,' says
GFT Executive Board Member Marika Lulay.
With this agreement, GFT has further expanded its position as one of the
leading IT solutions providers to the financial sector. The company in
Spain now has one of the largest European IT banking competence centres,
with more than 800 IT specialists and banking experts. 'This puts GFT in
the best possible position for continuing its dynamic growth on the basis
of this strategic orientation,' summarises Ulrich Dietz, CEO of GFT.
About GFT:
The GFT Group, based in Germany, is an international provider of innovative
IT solutions and services. More than 20 years of experience make the
company a reliable and strategic IT partner. With creative ideas, GFT
supports clients in three divisions to optimise their business processes
through intelligent IT systems and specialists and thus sustainably improve
their competitive positions.
GFT is among the world's leading IT service providers in the financial
services sector. For the development, implementation and maintenance of
customised IT solutions, the company combines established technology
experience with a wide range of industry expertise (Services division).
GFT recruits and places IT freelancers for businesses in all branches and
also takes care of the complete management package for their IT service
providers. The basis for this is a worldwide reserve of experts consisting
of over 180,000 freelance IT specialists (Resourcing division).
With the software environment inboxx, GFT provides a new generation of IT
solutions that make it possible to manage all archiving tasks within a
company via a uniform central infrastructure (Software division).
Ulrich Dietz founded GFT in 1987 and is now CEO of the Group that in 2008
achieved revenues of around 242 million EUR. It has more than 1,000
employees at locations in seven countries. GFT shares are listed on the
Frankfurt Stock Exchange (Prime Standard: WKN 580 060, GEX).
Contact:
Andrea Wlcek
Head of Corporate Communications and Investor Relations
GFT Technologies AG
Filderhauptstraße 142
70599 Stuttgart
Germany
T +49 711 62042-440
F +49 711 62042-301
andrea.wlcek@gft.com
www.gft.com
19.01.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: GFT Technologies AG
Filderhauptstr. 142
70599 Stuttgart
Deutschland
Phone: +49 (0)711/62042-0
Fax: +49 (0)711/62042-301
E-mail: Investor-Relations@gft.com
Internet: www.gft.com
ISIN: DE0005800601
WKN: 580060
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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