SOFGEN Strengthens its Global Avaloq Delivery Capability

Zürich - 4 May 2012

Addition of key people and new service offerings

The SOFGEN group (SOFGEN), a consulting firm dedicated to IT solutions for banks, has strengthened its Avaloq delivery capability with the addition of industry leading consultants and new service offerings. With 69 consultants in Europe and Asia, SOFGEN is among Avaloq's leading implementation service providers and the only firm with a global reach.

Key appointments

Jürg Graf, who joined SOFGEN in December 2011, is Avaloq platform CEO with the remit to lead SOFGEN to market leadership in the Avaloq platform consulting space. The SOFGEN team has been strengthened by the arrival of solution architects Johann Bachmann and Marcel Föllmi joining respectively in May and August 2012.

Johann Bachmann has 40+ years' international experience in IT. He spent the past 8 years at Avaloq where he held various roles to include head of the Avaloq Academy; head of product Management & Strategic Marketing; senior advisor & Solution Architect to Avaloq's global accounts; and most recently Country Manager, Hong Kong.

Marcel Föllmi joined Avaloq in 1998 as a Senior Software Engineer. Marcel was Chief Technical Officer, Avaloq from 2000 - 2003; Head Business Consulting from 2006 to 2010; and then Regional Head Asia/Pacific based in Singapore.

New service offerings

In cooperation with Avaloq, SOFGEN has inaugurated a technical services department, which will perform mandates formerly provided by "Avaloq Services", namely the installation of AvaFactory and its associated toolbox. SOFGEN's upgrade factory will offer end-to-end extended upgrade services. The factory will leverage SOFGEN's Manila-based Avaloq Development centre, thereby providing the Avaloq community with a unique value proposition. It is SOFGEN's intention to deliver a complete range of technical support services to Avaloq users worldwide.

Market Leadership

"Johann Bachmann and Marcel Föllmi share my conviction that SOFGEN's strategy of combining best in class offshore delivery with on-site competence is compelling," said Jürg Graf, CEO, Avaloq platform. "The addition to our services portfolio of enhanced upgrade services and the creation of a technical support department will strengthen SOFGEN's presence in German-speaking Switzerland and enable the delivery of end-to-end service offerings over the entire IT lifecycle."

Alex Dembitz, SOFGEN chairman added, "The joint Avaloq/SOFGEN Development Centre in Manila allows Avaloq users to reduce their Total Cost of Ownership. I am delighted to be able to bring to our clients the industry leading competences of Messrs. Bachmann and Follmi, together with SOFGEN's team of Avaloq certified consultants, working from a network of offices that include Geneva, Kuala Lumpur, London, Manila, Singapore and Zurich."

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