Profile Systems and Software
 | |
| Company type | Public |
|---|---|
| (Athex: PROF) | |
| Industry | |
| Founded | Athens, Greece (1990) |
| Headquarters | 199, Syngrou Ave., Nea Smyrni, Athens , Greece |
Number of locations | 10 Office locations [1] |
Area served | Worldwide |
Key people | |
| Products |
|
| Revenue |  €25.36 million (2022)[3] |
| €6.20 million (2022) | |
| €3.26 million (2022)[4] | |
| Total assets | €47 million (2022) |
| Total equity | €15 million (2022) |
Number of employees | 197 |
| Website | profilesw |
Profile Systems and Software S.A. (known as Profile Software) is an international information technology provider, headquartered in Athens, Greece that specialises in the development of financial software solutions. Its main activity is the provision of integrated banking software and Investment Management software, supporting the Banking, Treasury, Risk and Investment Management industries.
History
The company was founded in 1990 by Babis P. Stasinopoulos.[2] Being an investor at Athens Exchange in the late 1980s, Stasinopoulos felt the need of software applications for automating workflow and helping with the investment decisions. Therefore, his idea was to fill this market niche.[5]
For the first four years, the company operated as a private enterprise. In 1995 it was converted into a public limited company (societe anonyme) with an initial capital of 70 Δρ. million. In 1999 its share capital was increased to 1.2 Δρ. billion, while its turnover reached 1.8 Δρ. billion. In the decade that followed, Profile Software was already the leading financial software company and one of the 10 largest IT companies in Greece. Its number of employees exceeded 150.[5]
In August 2003, the company was listed on the Athens Exchange.[6]
In 2004 the following year it completed mergers through acquisition with BeCom and Analysis,[7] as well as acquired a 70% stake in Globalsoft.[8]
In 2007, the company began incorporating development of two large software products: the Financial Management System (FMS) and Universal Ticketing Solution (UTS).[9][10]
By 2010, Profile had contracted such companies and organizations as National Bank of Greece,[11][12] EFG Eurobank,[13] ING, ABN AMRO, and public sector institutions.
In 2013, Profile Software opened four new offices in major financial centers: Geneva, London, Dubai,[14] and Singapore.[15] It also expanded its promotional and marketing activities through a network of partners in Europe, the Middle East, and Asia.[14][15]
In 2017, Profile Software acquired 100% of the international Treasury specialised provider Login SA based in Paris, France.[16]
In 2020 Profile Software established Profile Technologies, a subsidiary aiming to become a development hub in Thessaloniki, exploiting the growing potential from the wider region of Northern Greece, consisting of a mix of experienced engineers and young graduates.[17]
In 2021, Profile Software acquired 100% of Swedish based Euronext Centevo, a specialised provider of Asset and Fund Management solutions in the Nordics.[18]
Acquisitions
| Year | Company | Country |
|---|---|---|
| 2004 | BeCom | Greece |
| 2004 | Analysis | Greece |
| 2004 | GlobalSoft | Greece |
| 2017 | Login SA | France |
| 2021 | Euronext Centevo | Sweden |
Distinctions
Profile has been included in several industry reports from renowned analysts such as Gartner, Forrester, Celent and Aite and nominated for a number of distinctions for its products performance and functionality. The company has also been included in IBS Sales League Table in Leadership Club[19], Rank 2 for Investment & Fund Management, Islamic – Wholesale Banking and Treasury & Capital Markets, and was also named category leader in Chartis’ Advisor Desktop solutions for Wealth Portfolio Suites in Chartis’ Fintech Quadrant report[20].
References
- ^ "Office locations". Profile Software. Retrieved September 5, 2023.
- ^ a b "Board of Directors". Profile Software. Retrieved September 5, 2023.
- ^ "Financial Statements: Profile Systems and Software SA" (PDF). Retrieved September 5, 2023.
- ^ "Financial Times: Profile Systems and Software SA". Retrieved September 5, 2023.
- ^ a b Tsakiris Tonia (December 31, 2000). "Κλειδί η εμπιστοσύνη του πελάτη". To Vima (in Greek). Retrieved October 4, 2013.
- ^ "PROFILE Systems and Software S.A." Athens Exchange. Retrieved October 4, 2013.
- ^ "Profile: Ολοκληρώθηκαν οι διαδικασίες συγχώνευσης δι' απορροφήσεως δύο θυγατρικών" (in Greek). Naftemporiki. November 17, 2004. Retrieved October 4, 2013.
- ^ "Profile: Ολοκληρώθηκε η εξαγορά της Globalsoft" (in Greek). Naftemporiki. October 1, 2004. Retrieved October 4, 2013.
- ^ "Profile: Νέο επενδυτικό σχέδιο ύψους 5,49 εκ. ευρώ" (in Greek). Capital. March 23, 2007. Retrieved October 4, 2013.
- ^ "Profile Software updates FMS". Finextra. October 16, 2012. Retrieved October 5, 2013.
- ^ "Συνεργασία Profile με Εθνική Τράπεζα" (in Greek). Naftemporiki. January 12, 2005. Retrieved October 4, 2013.
- ^ "Profile: Νέα συνεργασία με την Εθνική Τράπεζα" (in Greek). Naftemporiki. January 27, 2006. Retrieved October 4, 2013.
- ^ "Profile: Εργο για την EFG Eurobank" (in Greek). Naftemporiki. July 26, 2006. Retrieved October 4, 2013.
- ^ a b "PROFILE: ΕΠΕΝΔΥΕΙ ΣΤΗΝ ΠΡΟΪΟΝΤΙΚΗ ΔΙΑΦΟΡΟΠΟΙΗΣΗ" (in Greek). Hrima. April 2012. Retrieved October 4, 2013.
- ^ a b Stefanos Kotzamani (June 21, 2013). "Profile: Ανεβάζει τον πήχη το 2013" (in Greek). EURO2day. Retrieved October 4, 2013.
- ^ "Profile Software acquires Login SA". International Finance. Retrieved July 11, 2017.
- ^ "Profile Software swoops on Swedish wealth tech Euronext Centevo". Financial IT. Retrieved September 10, 2020.
- ^ "Profile Software swoops on Swedish wealth tech Euronext Centevo". Private Banker International. Retrieved March 23, 2021.
- ^ "IBS Intelligence announces its Annual Sales League Table 2022 results". IBS Intelligence. Retrieved June 9, 2022.
- ^ "Profile Software named category leader in Chartis' Advisor Desktop solutions for Wealth Portfolio Suites". Profile Software. Retrieved June 17, 2021.