Financial Sector Actors Renew Their Trust in DATAGROUP

DATAGROUP SE (WKN: A0JC8S), a German IT services provider, continues to strengthen its presence in the financial services industry, as evidenced by acquiring new clients and renewing existing contracts with companies in this sector, totaling approximately 20 million euros over durations of up to seven years. This announcement on February 22, 2024 highlights DATAGROUP's solutions' suitability to the specific requirements of financial services providers.

The modular aspect of the company's CORBOX service allows clients to flexibly add new services to their contract, thus promoting their development. Andreas Baresel, CEO of DATAGROUP, attributes the company's success and demand growth for its services to the breadth of its IT services portfolio, the expertise of its employees, and their equal customer approach.

DATAGROUP will serve various financial institutions, ranging from private banks to asset managers, including savings and mortgage banks, covering services from private cloud to application management and modern client environment management. This expansion effectively illustrates DATAGROUP's organic growth and acquisition strategy, necessary for its active participation in the IT market consolidation process.