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PROFILE Systems and Software S.A.
Company typeSociete anonyme
Athex: PROF
Industry
FoundedAthens, Greece (1990)
FounderCharalampos Stasinopoulos
Headquarters
Athens
,
Greece
Products
  • FMS
  • IMSplus
Services
  • Software development
  • Software integration
RevenueSteady €10.06 million (2012)[1]
Increase €0.88 million (2012)[1]
Increase €0.53 million (2012)[1]
Total assetsIncrease €28 million (2012)[2]
Total equityIncrease €15 million (2012)[2]
Number of employees
81[3]
Websitewww.profilesw.com

PROFILE Systems and Software S.A. (Athex: PROF; frequently referred to as PROFILE) is a Greece-based international information technology company founded in 1990. Its main activity is the provision of integrated business software solutions, particularly to large financial institutions and public sector organizations.[3]

The company operates offices in Greece, Cyprus, Switzerland, the United Kingdom, UAE and Singapore.

History

The company was founded in 1990 by a Greek programmer Charalampos Stasinopoulos. 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.[4]

For the first four years his 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 drachmas. By 2000, PROFILE was already the leading financial software company and one of the 10 largest IT companies in Greece. Its number of employees exceeded 150.[4]

In August 2003, the company was listed on the Athens Exchange.[5] In the following year it completed mergers through acquisition with BeCom and Analysis, as well as acquired a 70% stake in Globalsoft.

In September 2006, PROFILE Systems and Software launched its subsidiary company in Bucharest, Romania.[6] In the same year, the parent company was also 12th largest IT company in Greece by total assets (amounting to €21.3 million).[7]

In 2007, the company received a €2.2 million grant from the Ministry of Development of Greece for a business plan, incorporating development of two large software products: the Financial Management System (FMS) and Universal Ticketing Solution (UTS).[8]

By 2010, PROFILE had contracted such companies and organizations as National Bank of Greece,[9][10] EFG Eurobank,[11] Ministry of Justice of Greece,[12] National Bank of Romania,[13][14] ING, ABN AMRO, Emporiki Bank, Cosmote[14], ILPAP, The Hellenic Industrial Property Organisation, Greek Manpower Employment Organization (OAED),[15] PROBANK[16].

Since 2011, facing the effects of Greek financial crisis, PROFILE Systems and Software is making a strategic shift from serving mainly domestic market towards increasing its share on international markets.[17][18] As part of the new strategy, PROFILE opened four new offices in major financial centers: Geneva, London, Dubai[19] and Singapore.[20] It also intensified its promotional and marketing activities in Europe, Middle East and Asia.[19][20]

Products

The company's main products are:[17]

The two products constitute the company's core business and generate the biggest part of its revenue.[17] Among their users are such companies as Attica Wealth Management (IMSplus),[21] Millenium Bank (FMS/IMSplus),[22] Central Cooperative Bank of Cyprus (IMSplus),[23] Piraeus Wealth Management (FMS/IMSplus).[24]

Board

The current board of directors of the PROFILE Systems and Software was elected in June 2010 for a tenure of five years, till June 2015. The board members are:[25][26][27]

  • Charalampos (Babis) P. Stasinopoulos, executive chairman of the board, chief executive officer (CEO).
  • Spyridon (Spyros) A. Barbatos, executive vice chairman of the board (was CEO of the subsidiary company BeCom before its merger and acquisition by PROFILE).[26]
  • Aikaterini (Catherine) N. Filippi, executive director, head of accounts.
  • Konstantinos (Kostas) G. Mantzavinatos, executive director.
  • Aristeidis (Aris) S. Iliopoulos, non-executive director (since 2011, instead of Georgios Vlachopoulos).[26][27]
  • Antonios A. Roussos, non-executive independent director.
  • Emmanouil (Emmanuel) D. Tsiritakis, non-executive independent director.

Ownership

The main stakeholder in the PROFILE Systems and Software is its founder and CEO Charalampos Stasinopoulos. About 49.74% of shares belong directly to him.[28][17]

References

  1. ^ a b c Overview - Profile Systems and Software SA, PROF:ATH financials - FT.com. Cite error: The named reference "ft_eq_income" was defined multiple times with different content (see the help page).
  2. ^ a b Balance - Profile Systems and Software SA, PROF:ATH financials - FT.com.
  3. ^ a b Profile Systems and Software SA, PROF:ATH profile - FT.com.
  4. ^ a b Τσακίρη Τόνια. Κλειδί η εμπιστοσύνη του πελάτη - To Vima Online, 2000.
  5. ^ PROFILE Systems & Software SA - Company Profiles - Athens Exchange.
  6. ^ Profile: Σύσταση εταιρείας στη Ρουμανία - Naftemporiki.gr, 8 September 2006.
  7. ^ Greece in Figures 2008 - ICAP.
  8. ^ Profile: Νέο επενδυτικό σχέδιο ύψους 5,49 εκ. ευρώ - Capital.gr, 22 March 2007.
  9. ^ Συνεργασία Profile με Εθνική Τράπεζα - Naftemporiki.gr, 12 January 2005.
  10. ^ Profile: Νέα συνεργασία με την Εθνική Τράπεζα - Naftemporiki.gr, 27 January 2006.
  11. ^ Profile: Εργο για την EFG Eurobank - Naftemporiki.gr, 20 July 2006.
  12. ^ Profile: Έργο 4,8 εκατ. ευρώ για το υπουργείο Δικαιοσύνης - Naftemporiki.gr, 9 October 2008.
  13. ^ RO-Bucharest: Phare - supply of an IT application for the National Bank of Romania - dgMarket.com.
  14. ^ a b Romania: Profile company Was Officially Launched - BankNews.ro, 12.07.2006.
  15. ^ Profile: Ανάληψη νέων έργων - Naftemporiki.gr, 18 January 2007.
  16. ^ Profile: Εργο για την Probank - Naftemporiki.gr, 30 March 2006.
  17. ^ a b c d Company FactSheet – PROFILE Systems & Software SA (31 May 2013) – Athens Exchange.
  18. ^ Company Profile – PROFILE Systems & Software SA
  19. ^ a b PROFILE: ΕΠΕΝΔΥΕΙ ΣΤΗΝ ΠΡΟΪΟΝΤΙΚΗ ΔΙΑΦΟΡΟΠΟΙΗΣΗ - ΧΡΗΜΑ, April 2012. - t. 381.
  20. ^ a b Στέφανου Κοτζαμάνη. Profile: Ανεβάζει τον πήχη το 2013 - EURO2day.gr, 21 June 2013.
  21. ^ Profile: Εγκατάσταση του IMSplus στην Attica Wealth Management - Naftemporiki.gr, 8 March 2012.
  22. ^ Profile: Εργο υποστήριξης για τη Millennium Bank - Naftemporiki.gr, 3 March 2011.
  23. ^ Profile: Σε παραγωγική λειτουργία στη Συνεργατική Κεντρική Τράπεζα το IMSplus - Naftemporiki.gr, 15 December 2011.
  24. ^ Profile: Ολοκλήρωση έργου για λογαριασμό της Piraeus & BNP Paribas ΑΕΠΕΥ - Capital.gr, 27 May 2010.
  25. ^ Profile: Συγκρότηση του διοικητικού συμβουλίου σε σώμα - Express.gr, 24 June 2010.
  26. ^ a b c Profile Systems and Software SA, PROF:ATH directors and dealings - FT.com.
  27. ^ a b Board of Directors – PROFILE S.A.
  28. ^ Profile: Σημαντική αύξηση στα καθαρά κέρδη του εξαμήνου - Capital.gr, 17 August 2011.
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