Profile Systems and Software

Profile Systems and Software S.A.
Public
Traded as Athex: PROF
Industry Financial software
Founded Athens, Greece (1990 (1990))
Founder Babis P. Stasinopoulos[1]
Headquarters 199, 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 Software) 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 for the financial institutions.[6]

The company operates offices in Greece, Cyprus, Switzerland, the United Kingdom, UAE and Singapore.[2][8] The company also maintains a presence in the other countries via implementations and partners.

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 Δρ. million. In 1999 its share capital was increased to 1.2 Δρ. billion, while its turnover reached 1.8 Δρ. billion. By 2000, Profile Software 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 2007, the company began incorporating development of two large software products: the Financial Management System (FMS) and Universal Ticketing Solution (UTS).[13][14]

By 2010, Profile had contracted such companies and organizations as National Bank of Greece,[15][16] EFG Eurobank,[17] Ministry of Justice of Greece,[18] National Bank of Romania,[19][20] ING, ABN AMRO, Emporiki Bank, Cosmote,[20] and ILPAP.[21]

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,[22] and Singapore.[23] It also intensified its promotional and marketing activities in Europe, the Middle East, and Asia.[22][23]

In 2013, the company introduced the P2P Lending Software that implemented in the UK-based crowdfunding firms.[24] In 2015, the company introduced the Axia cloud-based platform for wealth management.

Products

IMSplus, an investment management suite, and FMS.next, a banking system for Islamic banking and other specialized needs, constitute the company's core business and generate the biggest part of its revenue.[4]

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][25]

Awards and recognitions

In May 2013, Profile was awarded with the "GoodAccredited Standard 2013" given by Goodacre UK, a specialist consultancy firm.

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 "Board of Directors". PROFILE Systems and Software S.A. Retrieved October 4, 2013.
  4. 1 2 3 4 5 6 "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: Νέο επενδυτικό σχέδιο ύψους 5,49 εκ. ευρώ" (in Greek). Capital. March 23, 2007. Retrieved October 4, 2013.
  14. ↑ "Profile Software updates FMS". Finextra. October 16, 2012. Retrieved October 5, 2013.
  15. ↑ "Συνεργασία Profile με Εθνική Τράπεζα" (in Greek). Naftemporiki. January 12, 2005. Retrieved October 4, 2013.
  16. ↑ "Profile: Νέα συνεργασία με την Εθνική Τράπεζα" (in Greek). Naftemporiki. January 27, 2006. Retrieved October 4, 2013.
  17. ↑ "Profile: Εργο για την EFG Eurobank" (in Greek). Naftemporiki. July 26, 2006. Retrieved October 4, 2013.
  18. ↑ "Profile: Έργο 4,8 εκατ. ευρώ για το υπουργείο Δικαιοσύνης" (in Greek). Naftemporiki. October 9, 2008. Retrieved October 4, 2013.
  19. ↑ "RO-Bucharest: Phare - supply of an IT application for the National Bank of Romania". Development Gateway. February 4, 2006. Retrieved October 4, 2013.
  20. 1 2 "Romania: Profile company Was Officially Launched". Bank News. July 12, 2006. Retrieved October 4, 2013.
  21. ↑ "Profile: Εργο για την Probank" (in Greek). 'Naftemporiki. March 30, 2006. Retrieved October 4, 2013.
  22. 1 2 "PROFILE: ΕΠΕΝΔΥΕΙ ΣΤΗΝ ΠΡΟΪΟΝΤΙΚΗ ΔΙΑΦΟΡΟΠΟΙΗΣΗ" (in Greek). Hrima. April 2012. Retrieved October 4, 2013.
  23. 1 2 Stefanos Kotzamani (June 21, 2013). "Profile: Ανεβάζει τον πήχη το 2013" (in Greek). EURO2day. Retrieved October 4, 2013.
  24. ↑ Antony Peyton. "Elevate Capital goes live with Profile Software's P2P lending solution". IBS Intelligence. Retrieved 8 November 2016.
  25. ↑ "Profille: Με 49,74% ο κ. Χαράλαμπος Στασινόπουλος". Profile. August 17, 2011. Retrieved October 4, 2013.

External links

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