SDC-FinansSystem developed a system that provides full banking services for 80 Danish banks.
BluePhoenix Solutions of the Formula group announced today that it had acquired the activities and employees of SDC-FinansSystem owned by Sparekassernes Datacenter (SDC) and ALLTEL Corporation. BluePhoenix Solutions, Sparekassernes Datacenter and ALLTEL have also signed an extended services contract to maintain the SDC banking system.
SDC-FinansSystem developed the Corebank system that provides full banking services for 80 Danish banks. The Corebank system was developed with BluePhoenix AppBuilder and SDC-FS will continue to maintain this system with the AppBuilder environment.
"With this acquisition BluePhoenix gains an enormous skill set. SDC- FinansSystem personnel are not only highly skilled in AppBuilder, they possess a great amount of knowledge and understanding of financial systems which is our primary market space," said Arik Kilman, CEO of BluePhoenix. "This talent allows us to continue working with SDC A/S and ALLTEL, and enables us to provide valuable consulting expertise to our growing base of clients worldwide."
"We are very pleased with the agreement we have reached with BluePhoenix," said Jorgen Giversen, CEO of SDC. "This will mean that we will maintain the great skill that has been built within SDC-FinansSystem. The cooperation with BluePhoenix will create some very exciting possibilities for the continued development of the Corebank System in Denmark as well as on an international scale."
Published by Globes [online] - www.globes.co.il - on 31 October 2002