Market rewards diversification strategy and continuous investment in existing and new products - icubic AG achieves doubling in revenue compared to 2010

14 May 2014

icubic AG was able to achieve a doubling in revenue in the 2013 financial year compared to 2010 after an increase in revenue of 28 percent in the previous year. The success story of the IT firm, which was founded in 1999 and has become a leading developer of trading software for the global financial sector, goes back to a successful business policy. The fundamental elements include software and consulting offering consistently oriented to client solutions as well as their approximately 150 highly qualified employees.

icubic’s Chairman of the Board, Dietmar Jakal, expresses his extreme satisfaction with the company’s development and the constant “increase in name recognition”. This was achieved through intensive dialogue with clients and partners as well as the “continuous investment in existing and new products” and was rewarded by the market. The company proceeded with this diversification strategy in 2013 by accompanying their core competence with “even more complementary consulting services”, explains Dietmar Jakal. The client and service orientation has paid off because in the meantime, seven of the Top 10 German financial companies as well as multiple international banks and investment banks in Europe and Asia depend on the know-how of icubic AG and appreciate its medium-sized company, strong-willed, solution-focused approach.

The following is an excerpt from the impressive revenue and profit increases of recent years: In the 2013 financial year, a doubling of revenue compared to 2010 was able to be achieved. In 2011, an increase in revenue of 52.96 percent and in 2012, an additional increase of 28.25 percent compared to the previous year was achieved. In 2013, despite investments in personnel and product enhancements, an annual surplus of 2.157 million EUR was generated.

Expansion of core competence through complementary consulting services

“Last but not least, the development of our client relationships, the strategic cooperation with our clients and partners as well as investments in product features and new products such as VTD, eBilanz, iQswaps and the test framework all contributed to this success. Our highly qualified employees, the majority of whom have interdisciplinary training, are also an integral component to this success,” Dietmar Jakal points out. Even the huge quantities of floodwater that flowed in during the flood catastrophe in June 2013 were not able to stop icubic’s success story. Nevertheless, this dramatic event will not be forgotten. The company headquarters in Magdeburg had to be evacuated for 4 days, leaving employees to manage day-to-day operations either from temporary offices or from home. The distribution of the icubic computer centre across multiple locations proved to be a farsighted and perfectly functioning solution.

The successful 2013 financial statement provides no reason to pause. Instead, icubic AG is purposefully focusing on strengthening and expanding its market position, which should be achieved during the current financial year through an expansion of the product offering and an increase in services provided. 

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