Press Releases

zetVisions 2009: self-confident despite crisis

European Market Leader for Investment Management Software Identifies Opportunities

Heidelberg, February 11, 2009 – zetVisions AG, a specialised provider of compliance software, confidently starts into 2009 despite the current financial crisis. The optimism of the Heidelberg company is based on the successful financial year of 2008. zetVisions has become the European market leader for Investment Management software after to the acquisition of the Investment Management division of Business Objects in June 2008. Approximately 100 employees oversee projects with more than 200 customers in Europe. Among those are about 50 percent of the DAX-30-corporate groups. The most outstanding new customers in 2008 have been E.ON, Metro, Union Investment Real Estate and Boehringer Ingelheim. As compared to 2007, the total revenue has been increased by 15 percent.

Marko Albrecht, CEO of zetVisions AG, explains: “With our solutions, we help to keep an overview also in difficult economic times, thus providing the necessary information and transparency to cope with a crisis. That's why we start the new year confidently: we see opportunities for ourselves because we provide our customers with concrete benefits. Although we perceive the general reservation towards IT investments, we have received several positive signals for 2009. One of our potential customers informed us that the zetVisions project has been kept as the only large-scale IT project – the respective Board of Directors had recognized the need for action during the current economic situation.“

Besides the solutions for Investment Management, zetVisions has developed two additional applications in 2008, which will now be introduced to the international markets. These applications aim at improving data quality especially in the financial sphere, tailored to the needs of large corporate groups. Furthermore, zetVisions was awarded one of the fastest growing technology companies in Germany by the renowned “Deloitte Fast 50“ challenge. Europe-wide, zetVisions has been ranked among the top 20 percent.