PROFILE Systems and Software

Profile Systems and Software S.A.
Public
Traded as Athex: PROF
Industry Financial and Business software
Founded Athens, Greece (1990 (1990))
Founder Babis P. Stasinopoulos[1]
Headquarters 199, A. Syngrou Ave., Nea Smyrni, Athens, Greece
Number of locations
 6[2]
Area served
 Worldwide
Key people
Products
Services
  • Software development
  • Software integration
Revenue Steady €10.06 million (2012)[5]
Increase €0.88 million (2012)[5]
Profit Increase €0.53 million (2012)[5]
Total assets Increase €28 million (2012)[5]
Total equity Increase €15 million (2012)[5]
Number of employees
 81[6]
Website www.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 that specialises in the development of financial services software.[7] Its main activity is the provision of integrated business software solutions, particularly to medium/large financial institutions.[6]

The company operates offices in Greece, Cyprus, Switzerland, the United Kingdom, UAE and Singapore.[2][8]

History

The company was founded in 1990 by Babis P. Stasinopoulos.[2][3] 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.[9]

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 million. In 1999 its share capital was increased to ₯1.2 billion, while its turnover reached ₯1.8 billion. 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.[9]

In August 2003, the company was listed on the Athens Exchange.[10] In the following year it completed mergers through acquisition with BeCom and Analysis,[11] as well as acquired a 70% stake in Globalsoft.[12]

In September 2006, Profile Systems and Software launched its subsidiary company in Bucharest, Romania.[13] In the same year, the parent company was also 12th largest IT company in Greece by total assets (amounting to €21.3 million).[14]

In 2007, the company began incorporating development of two large software products: the Financial Management System (FMS) and Universal Ticketing Solution (UTS).[15][16]

By 2010, Profile had contracted such companies and organizations as National Bank of Greece,[17][18] EFG Eurobank,[19] Ministry of Justice of Greece,[20] National Bank of Romania,[21][22] ING, ABN AMRO, Emporiki Bank, Cosmote,[22] ILPAP, The Hellenic Industrial Property Organisation, Greek Manpower Employment Organization (OAED),[23] and PROBANK.[24]

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.[2][4] As part of the new strategy, PROFILE opened four new offices in major financial centers: Geneva, London, Dubai,[25] and Singapore.[26] It also intensified its promotional and marketing activities in Europe, Middle East, and Asia.[25][26]

Business

Profile Software develops wealth management, asset management, and private banking software for international banks and financial institutions.[27] Its products enable investment and banking professionals to monitor portfolios and transactions via their smartphone or tablet and perform finance activities over a secure connection.[28][29] Profile’s IMSplus Mobility product make use of mobile devices capabilities such as GPS, accelerometer, gesture recognition, and others to provide innovative features such as geo-fencing, lock-on-shake and other more features.[30][31]

Products

The company's main products are:[4]

The two products constitute the company's core business and generate the biggest part of its revenue.[4] Among their users are such companies as Piraeus Wealth Management (FMS/IMSplus),[32] Millennium Bank (FMS/IMSplus)[33] Attica Wealth Management (IMSplus),[34] Central Cooperative Bank of Cyprus (IMSplus),[35] and National Bank of Greece (IMSplus).[36]

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:[3][37][38]

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.[4][39]

Awards and recognitions

In May 2013, PROFILE was awarded with the "GoodAccredited Standard 2013" given by Goodacre UK, a specialist consultancy firm. The award is given to companies and products which had meet high quality standards as selected by the users while complying with all the important legislative and regulatory requirements. Aside from receiving the award, the company was also a nominee of the "System in the City Awards".[40] In July of the same year, the company won the "Best Investment Banking Systems Provider Western Europe 2013 award" given by World Finance, a financial magazine. The company was recognized for its platforms: IMSplus and FMS.next.[41]

References

  1. ↑ "PROFILE, expanding its international footprint, opens a new office in Singapore". Global Banking & Finance Review. April 12, 2013. Retrieved October 4, 2013.
  2. 1 2 3 4 "Company Profile". PROFILE Systems and Software S.A. Retrieved October 4, 2013.
  3. 1 2 3 4 5 "Board of Directors". PROFILE Systems and Software S.A. Retrieved October 4, 2013.
  4. 1 2 3 4 5 6 7 "Profile Systems and Software S.A. Company Profile at Athens Exchange" (PDF). Athens Exchange. pp. 1–6. Retrieved October 4, 2013.
  5. 1 2 3 4 5 "Financials: Profile Systems and Software SA". Financial Times. Retrieved October 4, 2013.
  6. 1 2 "Business Profile: Profile Systems and Software SA". Financial Times. Retrieved October 4, 2013.
  7. ↑ "Financial Services". PROFILE Systems and Software S.A. Retrieved October 4, 2013.
  8. ↑ "Profile Software opens Singapore office". Finextra. April 9, 2013. Retrieved October 5, 2013.
  9. 1 2 Tsakiris Tonia (December 31, 2000). "Κλειδί η εμπιστοσύνη του πελάτη" (in Greek). To Vima. Retrieved October 4, 2013.
  10. ↑ "PROFILE Systems and Software S.A.". Athens Exchange. Retrieved October 4, 2013.
  11. ↑ "Profile: Ολοκληρώθηκαν οι διαδικασίες συγχώνευσης δι' απορροφήσεως δύο θυγατρικών" (in Greek). Naftemporiki. November 17, 2004. Retrieved October 4, 2013.
  12. ↑ "Profile: Ολοκληρώθηκε η εξαγορά της Globalsoft" (in Greek). Naftemporiki. October 1, 2004. Retrieved October 4, 2013.
  13. ↑ "Profile: Σύσταση εταιρείας στη Ρουμανία" (in Greek). Naftemporiki. September 8, 2006. Retrieved October 4, 2013.
  14. ↑ 2008. "Greek Financial Directory: Greece in Figures" (PDF). ICAP Group. Retrieved October 4, 2013.
  15. ↑ "Profile: Νέο επενδυτικό σχέδιο ύψους 5,49 εκ. ευρώ" (in Greek). Capital. March 23, 2007. Retrieved October 4, 2013.
  16. ↑ "Profile Software updates FMS". Finextra. October 16, 2012. Retrieved October 5, 2013.
  17. ↑ "Συνεργασία Profile με Εθνική Τράπεζα" (in Greek). Naftemporiki. January 12, 2005. Retrieved October 4, 2013.
  18. ↑ "Profile: Νέα συνεργασία με την Εθνική Τράπεζα" (in Greek). Naftemporiki. January 27, 2006. Retrieved October 4, 2013.
  19. ↑ "Profile: Εργο για την EFG Eurobank" (in Greek). Naftemporiki. July 26, 2006. Retrieved October 4, 2013.
  20. ↑ "Profile: Έργο 4,8 εκατ. ευρώ για το υπουργείο Δικαιοσύνης" (in Greek). Naftemporiki. October 9, 2008. Retrieved October 4, 2013.
  21. ↑ "RO-Bucharest: Phare - supply of an IT application for the National Bank of Romania". Development Gateway. February 4, 2006. Retrieved October 4, 2013.
  22. 1 2 "Romania: Profile company Was Officially Launched". Bank News. July 12, 2006. Retrieved October 4, 2013.
  23. ↑ "Profile: Ανάληψη νέων έργων" (in Greek). Naftemporiki. January 18, 2007. Retrieved October 4, 2013.
  24. ↑ "Profile: Εργο για την Probank" (in Greek). 'Naftemporiki. March 30, 2006. Retrieved October 4, 2013.
  25. 1 2 "PROFILE: ΕΠΕΝΔΥΕΙ ΣΤΗΝ ΠΡΟΪΟΝΤΙΚΗ ΔΙΑΦΟΡΟΠΟΙΗΣΗ" (in Greek). Hrima. April 2012. Retrieved October 4, 2013.
  26. 1 2 Stefanos Kotzamani (June 21, 2013). "Profile: Ανεβάζει τον πήχη το 2013" (in Greek). EURO2day. Retrieved October 4, 2013.
  27. ↑ "PROFILE presents in London: "Wealth Management: Technology to address regulatory and client concerns"". Bobsguide. June 5, 2013. Retrieved October 5, 2013.
  28. ↑ "FMS.next - The Universal Banking Platform". PROFILE Systems and Software S.A. Retrieved October 4, 2013.
  29. ↑ "IMSplus". PROFILE Systems and Software S.A. Retrieved October 4, 2013.
  30. ↑ "IMSplus Mobility". PROFILE Systems and Software S.A. Retrieved October 4, 2013.
  31. ↑ "Mobile applications for wealth managers and private bankers" (PDF). Banque & Finance Banking Solutions. 2012. Retrieved October 5, 2013.
  32. ↑ "Profile: Ολοκλήρωση έργου για λογαριασμό της Piraeus & BNP Paribas ΑΕΠΕΥ" (in Greek). Capital. May 27, 2010. Retrieved October 4, 2013.
  33. ↑ "Profile: Εργο υποστήριξης για τη Millennium Bank" (in Greek). Naftemporiki. March 3, 2011. Retrieved October 4, 2013.
  34. ↑ "Profile: Εγκατάσταση του IMSplus στην Attica Wealth Management" (in Greek). Naftemporiki. March 8, 2012. Retrieved October 4, 2013.
  35. ↑ "Profile: Σε παραγωγική λειτουργία στη Συνεργατική Κεντρική Τράπεζα το IMSplus" (in Greek). Naftemporiki. December 15, 2011. Retrieved October 4, 2013.
  36. ↑ "Συνεργασία Profile με την Εθνική Τράπεζα" (in Greek). Naftemporiki. July 2, 2003. Retrieved October 4, 2013.
  37. ↑ "Profile: Συγκρότηση του διοικητικού συμβουλίου σε σώμα" (in Greek). Express. June 24, 2010. Retrieved October 4, 2013.
  38. 1 2 3 "Directors & dealings: Profile Systems and Software SA". Financial Times. Retrieved October 4, 2013.
  39. ↑ "Profille: Με 49,74% ο κ. Χαράλαμπος Στασινόπουλος". Profile. August 17, 2011. Retrieved October 4, 2013.
  40. ↑ "PROFILE Software receives the UK "GoodAccredited Standard 2013" by Goodacre". Bobsguide. May 31, 2013. Retrieved October 5, 2013.
  41. ↑ "PROFILE wins the Best Investment Banking Systems Provider Western Europe 2013 award by World Finance". Bobsguide. July 25, 2013. Retrieved October 5, 2013.

External links

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