Sopra Group is to buy a majority stake in Callataÿ & Wouters.

It will merge C&W's Thaler banking software package with its Evolan products, to create a new Franco-Belgian banking software outfit in which it will hold a 90 per cent stake. Sopra says that the unit will offer financial solutions to more than 1,000 establishments in Europe, positioning it alongside the leading banking software players.

“The combined size, expertise, customer base and know-how of the new company will allow us to achieve a strong, strategic leadership position in Europe. Our expanded scope, including a workforce of 1.200 people and an aggregate reference list of hundreds of customers around the world, will also enable us to serve our clients better,” comments Marc De Groote, CEO at Callataÿ & Wouters, “At the same time, we keep all strengths that Callataÿ & Wouters already had, and are determined to continue our 100 per cent implementation track record. We believe that our flagship product, Thaler, will be strongly enhanced by Sopra’s Evolan suite of products.”

“More details of the integration process will be hammered out in the time to come. In the meantime, we will base our integration especially on business opportunities where we see the synergy between Thaler and Evolan working really well,” adds De Groote. “What’s especially important here is that Callataÿ & Wouters and Sopra’s Evolan business share a company culture in general, and have a lot of values in common when it comes down to customer focus and dedication in particular.”

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