Bosch Financial Software GmbH announced a management buyout, purchasing the software solutions portfolio for the financial sector from the Bosch Group. The management team signed corresponding contracts to purchase Bosch Financial Software GmbH and its associated businesses in Northern America and Asia over the summer. The transaction was executed in late October 2015.
Strong Purchasing Team: Established Experience in the IT and Financial Sectors
The investment is backed by four management members from Bosch Financial Software GmbH: Thomas Cotic, Christine Moosherr, Thomas Knoepfler and Volker Grossmann. All members have been with the company for more than 10 years, and were partly founders of Innovations Software Technology GmbH, the preceding company of Bosch Financial Software GmbH. Dr. Bernd-Michael Rumpf, previously a member of the Executive Board Temenos S.A. and a member of the extended Executive Board SAP AG, is also a part of the purchasing team, and will take over the chairmanship of ACTICO's advisory board.
Bosch Financial Software GmbH is now ACTICO GmbH
As of November 11, 2015, Bosch Financial Software GmbH operates as ACTICO GmbH. The company develops and markets software solutions specifically tailored to meet the requirements of banks, insurance companies and financial service providers. Some 110 associates based in Immenstaad, Germany and Chicago, USA join ACTICO.
CEO Thomas Cotic is foreseeing positive results: “Our strategic orientation will be solely focused on the finance sector as we already serve more than 100 banks, insurance companies and financial service providers in more than 30 countries. In addition to the consistent development of our technical solutions, we are going to continue evolving the Visual Rules for Finance technology for the financial services sector.”
The roots of ACTICO GmbH go back to Innovations Software Technology GmbH, which was established in 1997, and is now the software and systems house of the Bosch Group. The software business for the financial industry has been managed separately by Bosch Financial Software GmbH since 2014. With the management buyout, the company spun off on November 11, 2015 as ACTICO GmbH and is continuing to focus on its customers, innovation and entrepreneurial and collaborative thinking.
Smarter Decisions in a Digital World
ACTICO GmbH develops software solutions and technology platforms for managing decisions in a digital world. Using this technology enables companies to make more intelligent, “smarter” operational decisions. This also enables them to accelerate their growth, innovate effectively, stay compliant and as a result, increase profits. Thomas Cotic explains: “Our target is to support customers in increasing the business value of every operational decision in their core processes. This is how they can flexibly adapt to modifications in their strategy or market requirements.”
• Loan Origination: Automate credit checks and decisions
• Compliance: Enable transparency, comply with regulations and avoid fraud
• Client Management: Handle sensitive customer data securely - from onboarding to reporting
• Underwriting & Claims: Make claim settlement processes quicker, consistent and cost-effective