Diasoft, a global provider of financial software solutions, was named the winner in EEMEA region (Eastern Europe, Middle East, and Africa) for the gross number of deals won in 2011-2012. The results were introduced by Celent in its annual Big Leagues Table: Global Core Banking Sales Ranking issued in December 2012. The report provides a detailed look at core banking deals and measures the number of new banking deals that vendors won in the 12 months between July 1, 2011 and June 30, 2012.
In this report, Celent has developed a scoring methodology to rank the core banking vendors. The Celent Big Leagues Table assesses the success of a core banking vendor based on a proxy for the value of deals won, rather than merely the number of deals. Celent believes that a sales ranking should include both the size of the deals and an adjustment for the geographical location of the implementation. With that view, Celent introduced the Big Leagues Table to compare how various core banking vendors performed across the world. The report provides a geographical analysis of North America, Latin America, Western Europe, Asia-Pacific, and Eastern Europe, the Middle East, and Africa, together with a detailed vendor analysis.
“It is a great achievement for Diasoft to become the customer base leader in EEMEA region this year”, said Mikhail Kryuchkov, Director, Global Markets, Diasoft. “It proves once again that our adherence to the most advanced architectural principles and standards makes our solutions very popular even in terms of the growing competition. Our customers recognize the value of component-based SOA-compliant financial solutions which provide them with necessary business and technological agility”.
“Competition within core banking is becoming increasingly more intense, as global players look to flush out the wide range of opportunities coming from emerging geographies. The international expansion of financial institutions and changing requirements for products and services offered by banks have provided a wealth of opportunities for core vendors”, commented the market situation Stephen Greer, Analyst with Celent’s Banking Group and author of the report. “The regulatory fallout from the financial crisis has added a multitude of complexity to the needs of financial institutions around the globe. Vendors have been rushing to take advantage of this opportunity of necessity.”