Düsseldorf, 11 October 2021 – Financial software provider FOCONIS acquires emagixx, a software developer and service provider specialized in data quality management. Supported by software investor Main Capital Partners, FOCONIS continues to build up to a market-leading position among both saving and cooperative banks, helping clients to comply with regulatory requirements, enhance data quality and save operating costs.
FOCONIS is a leading provider of data quality, control and compliance software for banks. Founded in 2000 with its headquarter in Vilshofen an der Donau, the software provider has set out on a mission to support financial institutions. It helps its clients apply data and compliance controls to implement an efficient internal control system and ensure both regulatory compliance and continuing competitiveness.
Main Capital Partners gained a majority share in FOCONIS in March 2021. “FOCONIS has a major presence in the cooperative banking space in Germany, while emagixx has a strong focus on savings banks. The acquisition allows FOCONIS to significantly expand its presence in this segment”, says Main partner Sven van Berge Henegouwen, responsible for Main’s activities in the DACH-region. Hamburg-headquartered emagixx will enhance FOCONIS’ means to provide its services and will strengthen its market position through its all-in-one solution that helps saving banks manage data quality through thousands of thematically structured checking rules.
The challenges of financial institutions
Due to the complementarity of the core product solutions of FOCONIS and emagixx, significant benefits for the client can be realized. FOCONIS’ flagship product FOCONIS-ZAK® consolidates all relevant key data from numerous sources, such as security transactions, company information, creditworthiness, analyzes this data, automatically controls and corrects it and updates the data in the core banking system. The emagixx solution targets the data stock itself with various control and data cleansing functions. Olaf Pulwey, board member of FOCONIS: “Financial institutions are under increasing pressure to comply with more regulations but limited resources. They have a need for both solutions to manage their data quality at maximum efficiency. With the acquisition of emagixx, we can offer our clients even more control over their data, enable them to improve their compliance processes and save operating costs to remain competitive.”
emagixx, FOCONIS’ first add-onTo additionally support its financial customers with the appropriate means to ensure compliance, data quality and competitiveness, emagixx is the first add-on to FOCONIS. Its main product, enfoxx, is an all-in-one solution that helps banks manage their data quality by executing thousands of structured checking rules, providing valid overviews of data quality across their entire data stock. Enfoxx supports both manual and automatic cleansing, both through dynamic interfaces and the OSPlus mass change portal and generates audit reports and OSPlus events. With this add-on, FOCONIS will be able to more easily identify inactive customers whose data must be removed, cleanse of inconsistencies across a client’s customer database network and identify GDPR related issues.
FOCONIS is a leading provider of data quality, control and compliance software for banks, designed to support financial institutions with internal reporting systems and to meet regulatory requirements. The company is focused on banks in the German speaking regions, currently comprising 600+ customers in the financial services industry. The company was founded in 2000, employs 80 full-time employees, is headquartered in Vilshofen an der Donau and has another office in Cologne.
About Main Capital
Main Capital Partners is a strategic investor with an exclusive focus on enterprise software companies. Main has almost 20 years of experience in building strong software groups in the Benelux, the DACH-region and the Nordics. Main specialises in helping management teams within mature and growing software companies achieve sustainable growth by working closely together as a strategic partner. Main has a workforce of 45 employees working from offices in The Hague, Stockholm and Düsseldorf, offering support on a strategic and a pragmatic level. In total, Main has acquired or invested in more than 100 software companies to date and has realised 17 strategic scenarios for divestment of software groups. As of October 2021, Main Capital has approximately €2.2 billion assets under management and currently manages a portfolio of 29 platform companies, creating employment for approximately 4,000 people.
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