M&A Deal Summary

GFT Technologies Acquires Parity Systeme

On January 1, 2006, GFT Technologies acquired information services company Parity Systeme

Acquisition Highlights
  • This is GFT Technologies’ 1st transaction in the Information Services sector.
  • This is GFT Technologies’ 1st transaction in Germany.

M&A Deal Summary
Date 2006-01-01
Target Parity Systeme
Sector Information Services
Buyer(s) GFT Technologies
Deal Type Add-on Acquisition

Target

Parity Systeme

Hochdorf-Eberdingen, Germany
website
Parity Systeme GmbH provides information technology (IT) and recruitment services.

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Buyer(S) 1

Buyer

GFT Technologies

Stuttgart, Germany

website

Category Company
Founded 1987
Sector Information Technology
Employees6,225
Revenue 445M EUR (2020)
DESCRIPTION

GFT Technologies is in designing and implementing IT solutions for the financial services industry. Combining technological expertise and seamless project management with a deep understanding of the industry, GFT is the perfect strategic IT partner for many well-known companies in all corners of the globe. GFT Technologies was founded in 1987 and is based in Stuttgart, Germany.

DEAL STATS #
Overall 1 of 6
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 1 of 5
Country (Germany) 1 of 1
Year (2006) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-09 Asymo AG

Adliswil, Switzerland

Asymo AG, is a Swiss IT consultancy companies for the Avaloq core banking solution.

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