GFT press releases

GFT took 3rd place in the SDAX in the renowned "Investors' Darling" capital market competition, marking it as one of the best financial communicators in Germany. The company even improved its overall ranking by 86 places. In addition, GFT was named "Rising Star of the Year.

For the second year running the influential report from analysts Quadrant Knowledge Solutions has recognised GFT as a Leader in the field of digital banking. The digital transformation pioneer even improved on last year’s already excellent ranking.

The value of tokenised assets is expected to reach over 3 trillion euros by 2030 in the European market alone. SWIAT aims to create a single global standard for the processing of blockchain-based securities. As a partner GFT will provide selected blockchain nodes such as validator nodes.

GFT has received the prestigious “Google Cloud Services Partner of the Year - Poland” award. This recognition celebrates GFT’s exceptional dedication to its clients and the remarkable expansion of its Google Cloud practice throughout 2023.

GFT Technologies SE (GFT) continues to grow. With revenue growth of 10 percent, the digital transformation pioneer maintained its upward trajectory in the first six months of 2023.

GFT is expanding its Amazon Web Services (AWS) business division with the appointment of Brigitte Sollie as SVP, Global Head AWS Sales and Strategy to help companies outpace the rest of their industries with increased speed to market, scalability, resilience and sustainability in their digital offerings.

GFT achieves “Prime” Status for the first time in International Shareholder Services Inc. (ISS)’s sustainability rating. As part of the regular review, GFT was able to improve its rating to “C”.

Assets of all kinds are becoming fully or partially digital. Companies now have access to a cost-effective and seamless path towards highly customisable, enterprise-secure, and efficient digital asset custody and tokenisation solutions.

Hauck & Aufhäuser Investmentbanking has initiated coverage of GFT Technologies SE. The analysts recommend buying the shares of the digital transformation expert. The price target is €44.00. Based on the Xetra closing price on May 25, 2023, this means a price potential of almost 60%.

GFT continues to grow. With revenue growth of 10 percent, the software group once again outpaced the market in the first quarter of 2023. Adjusted EBIT rose by 17 percent and EBT by 12 percent compared to the same period last year.

GFT formally completed the acquisition of targens GmbH on 3 April and adjusted the management structure. The transaction was announced in February 2023.

In the fast-paced world of technology, there is no room for outdated standards. Yet in 2023, COBOL, a programming language debuted in the 1950s, is still ubiquitous. This is increasingly becoming a problem for users, due to the high costs of mainframe use and a shortage of experts needed for new development and maintenance.

GFT and VP Bank won the "Digital asset innovation of the year" category at the 2023 FS Tech Awards. This achievement underscores VP Bank’s innovative spirit and GFT's expertise and leadership on technology solutions for the financial industry.

Ulrich Dietz, founder and Chairman of the Administrative Board of GFT Technologies, has been honoured by Lünendonk, one of the leading market research companies across the German-speaking countries, with the Lünendonk B2B Service Award for his life’s work.

GFT achieved highly dynamic and profitable growth over the course of 2022: revenue rose by 29 percent, EBT by 65 percent and adjusted EBITDA by 33 percent.

GFT Technologies SE (GFT) is acquiring 100% of shares in targens GmbH, an expert consultancy for banking, compliance and digital innovation, from Landesbank Baden-Württemberg (LBBW). The transaction was closed in early Q2 2023.

Everest Group recognises GFT as a Major Contender and Star Performer in the Guidewire Services PEAK Matrix® Assessment 2023 report.