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User:Chezwicker/Avaloq Group

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Avaloq Group AG
Company typePublic
IndustryBanking Software
Computer software
FoundedFreienbach, Switzerland
ProductsAvaloq Banking Suite
Websitewww.avaloq.com

Avaloq Group

Avaloq Group AG is a privately held company specializing in Banking_software and services, with its headquarters in Freienbach, Switzerland. The group was established in 2001 as the result of a management buyout of BZ Informatik, BZ Bank's IT department.

History

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1985 Originally founded as BZ Informatik as part of BZ Bank
1991 Partial Management buyout, 30% of the equity capital acquired by the company's management
2001 Completed Management buyout, rebranding to Avaloq
2007 Offices opened in Luxembourg and Singapore
2009 Offices opened in Frankfurt and Vienna
2010 Offices opened in London and Hong Kong
2011 Majority stake in Swiss Business Process Outsourcing centre (B-Source) acquired

R&D centre opened in Edinburgh
Office opened in Paris

2012 Set up of a Business Process Outsourcing in Germany (Avaloq Sourcing (Deutschland) AG)
2013 Office opened in Sydney
2014 Set up of a Business Process Outsourcing in Singapore (Avaloq Sourcing Asia Pacific (Singapore) Pte. Ltd.)

References

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