Planned Acquisition of French Core Banking Developer SAB, Bolstering Sopra Banking Software’s Strategy - Seite 2

Éric Pasquier, CEO of Sopra Banking Software, added: “I’m excited about the plans we have mapped out together. We will be able to build solutions that fit perfectly with the – primarily digital – transformation needs of all our clients by drawing on the capabilities of SAB’s teams and its offering, which has made it a major force in France’s core banking market.”

This deal would contribute to the strategy of Sopra Banking Software, for which the year 2019 is one of consolidation. The objective is to return to operating profit margins in line with historic performance levels from 2020 onwards.

The proposed acquisition of SAB is subject to customary closing conditions.

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About Sopra Steria

Sopra Steria, a European leader in digital transformation, provides one of the most comprehensive portfolios of offerings on the market, spanning consulting, systems integration, industry-specific solutions, infrastructure management and business process services. It provides end-to-end solutions to address the core business needs of large companies and organisations, helping them remain competitive and grow. Combining added value with innovative high-performance services, Sopra Steria excels in guiding its clients through their transformation projects to help them make the most of digital technology. With over 44,000 employees in more than 25 countries, Sopra Steria generated revenue of €4.1 billion in 2018.

Sopra Steria (SOP) is listed on Euronext Paris (Compartment A) – ISIN: FR0000050809

For more information, visit us at www.soprasteria.com

About SAB

SAB, a banking software market leader, offers highly customisable technological solutions to financial institutions. SAB has placed the digital transformation of banks at the centre of its strategy.

Since its creation in 1989, more than 230 banking references, installed throughout the world and on 5 continents, have trusted SAB.

SAB's worldwide presence is mainly in Europe, Africa and the Middle East.

SAB has been a member of the UN Global Compact since 2007, with its strong social, societal and environmental commitments meeting the criteria for the “Advanced Level” status.

For more information, visit www.sab2i.com.

¹ ASP: Application Service Provider

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