Crealogix
The Leader for the Digital Bank.
| CHF | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 18 % | 17 % | 2 % | 5 % | (14 %) | (13 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 9 % | 8 % | 1 % | (5 %) | 3 % | (9 %) | 11 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 1 % | - | (6 %) | (12 %) | (4 %) | (18 %) | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Crealogix, established in 1996, operates as a Swiss software-as-a-service (SaaS) provider specializing in digital banking technologies. The company was founded by Bruno Richle, Richard Dratva, and Peter Süsstrunk. Initially a systems integration and IT consulting firm, Crealogix pivoted towards developing its own software products, marking a significant milestone with its initial public offering on the SIX Swiss Exchange in 2000. This transition has positioned the firm to cater to the evolving demands of the financial services industry.
The company's core business revolves around its Digital Banking Hub, an open and modular architecture platform that enables financial institutions to accelerate their digital transformation. This hub allows banks, including retail banks, wealth management firms, and corporate banks, to select and implement specific solutions or a full suite of digital banking services. The product portfolio includes mobile banking applications, a digital payment platform, and solutions for online brokerage and wealth management. Crealogix generates revenue primarily through a recurring model based on long-term SaaS contracts, supplemented by implementation and customization services. This model provides a predictable and scalable revenue stream.
Crealogix's offerings are designed to enhance the customer experience and improve operational efficiency for its clients. For instance, its conversational AI integrates with banking systems to provide customers with personalized, human-like interactions for service and support. The platform's modularity allows financial institutions to integrate third-party fintech solutions, fostering an ecosystem of open banking. In a significant corporate development, Crealogix was acquired by Vencora, a subsidiary of Constellation Software, in a deal announced in late 2023 and completed in early 2024, which led to the delisting of Crealogix shares from the SIX Swiss Exchange.
Keywords: digital banking, fintech, SaaS, wealth management, open banking, financial software, mobile banking, corporate banking, conversational AI, digital payments
