PARIS--(Business Wire)--Regulatory News:
Sopra Group (Paris:SOP) has finalised the acquisition of CIBF -
Compagnie d'Ingenierie Bancaire et Financiere. This acquisition
reinforces the Group's European positioning in the financial services
sector. The Group has also finalised the acquisition of G2i.
Sopra Group has acquired the entire share capital of CIBF and G2i.
The transactions were carried out in cash. Both companies will be
consolidated in the Group's financial statements as of 1 January 2008.
The complementary fit of Sopra Group and CIBF, thanks to their
respective geographical positioning and their common core of expertise
in "Means of Payment", particularly in the Single Euro Payments Area
(SEPA), allows Sopra Group notably to develop its positions in Europe
and reinforce its Evolan(TM) applicative solutions offers.
The acquisition of G2i forms part of Sopra Group's stated strategy
of reinforcing the positioning of the Group in France and developing
its positions with major clients. G2i offers consulting and services
as well as testing in the aerospace sector, mainly for Airbus.
The financial terms of these transactions have not been disclosed.
About CIBF - Compagnie d'Ingenierie Bancaire et Financiere
CIBF - Compagnie d'Ingenierie Bancaire et Financiere - is a
highly-reputed software and solutions provider for banks and major
groups (means of payment, management of financial flows, factoring of
receivables and management of risks related to banking commitments).
CIBF, which is based in the French city of Nantes, was created in
1992. CIBF's share capital was 89.2%-owned by its founders and
10.8%-owned by its managers.
About G2i
A specialist in technical and IT engineering, G2i has developed
its business in the aerospace vertical market, particularly with
Airbus, where the company has acquired strong expertise in firmware
system testing. G2i was owned by Gerard Hernandez. With locations in
Toulouse and Paris, G2i will generate revenue in 2007 of around 4
million euros.
About Sopra Group
A leader in the European consulting and IT services market, Sopra
Group generated revenue of EUR 897.7 million in 2006 and has a human
and intellectual resource potential of over 10,000 people. Thanks to a
longstanding culture of excellence and strong sector-specific,
functional and technological know-how, the Group offers its clients an
end to end approach based on a well-honed business model. Sopra
Group's ambition is to allow its clients to focus on transformation
projects that will give them a competitive edge and help them drive
growth. Sopra Group's savoir-faire encompasses prior strategic
reflection through to the supervision and implementation of major
systems integration and application outsourcing projects. The Group
also pursues the worldwide deployment of its activities in both
application integration and business process management through its
subsidiary Axway, the world's leading provider of Collaborative
Business Solutions, with a complete range of solutions and services.
For more information, please go to our website www.sopragroup.com.
Sopra Group Company Secretary:
Herve Dechelette, +33 (0)4 50 33 30 50
hdechelette@sopragroup.com
or
Sopra Group Investor Relations:
Kathleen Bracco, +33 (0)1 40 67 29 61
kbraccoclark@sopragroup.com
or
Sopra Group Press Relations:
Virginie Legoupil, +33 (0)1 40 67 29 41
vlegoupil@sopragroup.com
or
www.sopragroup.com
Copyright Business Wire 2008
