Crealogix takes on further shares in Elaxy from Fiducia & GAD

Source: Crealogix

After two and a half years of successful partnership, CREALOGIX, the internationally leading Swiss software provider in digital banking, and Fiducia & GAD IT AG, IT service provider of the German Volksbanks and Raiffeisenbanks, are taking the next step

• On 1 July 2018, CREALOGIX takes over the remaining 80% of the shares in ELAXY Business Solution & Services from Fiducia & GAD, of which it previously held 20%.
• The company generates sales of over EUR 10 million and employs around 100 people.
• With the overall takeover, CREALOGIX is exercising an option that was already agreed within the framework of the initial investment in 2015.
• The strategic cooperation between CREALOGIX and Fiducia & GAD, which has also existed since 2015, will be actively continued.
• The investments in ELAXY Financial Software & Solutions remain unchanged; CREALOGIX holds 80% and Fiducia & GAD continues to hold 20%.
• This transaction means that both ELAXY companies are being renamed and will now appear under the CREALOGIX brand name.

A broader and more complete range of services
With this transaction, CREALOGIX is expanding its portfolio of solutions with essential competencies in the areas of digital brokerage, external asset management and hosting services. Volker Weimer, CEO of CREALOGIX Germany says: "By merging with ELAXY, we have significantly increased our international reach. We were able to organically expand our customer base and accelerate our development into a global provider of digital, mobile and open banking solutions, which we will be able to offer in future, including hosting from a single source." Well-known companies such as Sparkassen Broker and DAB BNP Paribas are now CREALOGIX customers.

Robert Müller, Managing Director of ELAXY Business Solution & Services: "Since the beginning of 2016, the cooperation has developed very positively. Therefore, it only makes sense to strengthen it further. Together with CREALOGIX, we are able to offer our customers a broad spectrum of innovative products from a single source, thus enabling them to continuously improve their digital customer experience."

Expansion of the portfolio for hybrid digital banking consulting
ELAXY Financial Software & Solutions is also continuously expanding its product range. Gunther Gätjen, Managing Director says: "We were able to fully exploit the strengths of our product portfolio in the area of hybrid banking consulting and in the CREALOGIX Financial Advisory product family. This enables us to provide comprehensive support to banks in strengthening their customer loyalty using innovative digital advisory services".

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