GFT press releases

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In the fast-paced world of technology, there is no room for outdated standards.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.

Like all businesses, the software sector is under pressure to reduce its CO2 emissions. GFT has therefore set itself new and ambitious climate targets. The software company is aiming for a 50% reduction in its operational greenhouse gas emissions (Scopes 1 and 2) by 2030.

GFT client VP bank leverages DLT to create new revenue stream, virtual bank Mox used Thought Machine’s cloud-native core banking technology to create a new bank in record time.

Consistently high demand due to megatrend digitalisation

Over 180,000 quotations, 70,000 contracts, and 300 claims submitted in the first three weeks. French mutual insurer Macif is now using Europe’s leading core insurance platform on the cloud.

Following a record year, GFT is regonised as fast track company.

GFT achieves significant revenue growth again and exceeds 10,000 talents for first time.

We achieved a new milestone: we are now more than #10k talents worldwide! 

GFT has been identified as a leader in the field of digital banking by analyst firm Quadrant knowledge solutions.

GFT has been identified as a leader in ISG’s Provider Lens™ evaluation for Europe - Google Cloud Partner ecosystem data analytics and machine learning 2022.

A validation of a solution partner’s deep knowledge, extensive experience and expertise in migrating Windows Server and SQL Server-based workloads to Azure.

Financial institutions benefit from GFT’s knowledge and experience with Amazon Web Services (AWS).

GFT is exploiting the digitalisation wave and continuing its dynamic growth. After its record results in 2021, the company achieved further strong growth in the first quarter of 2022: revenue rose by 40 percent and earnings before taxes (EBT) by as much as 91 percent.

GFT drives factory-floor digital transformation with support for new Google Cloud industry-specific solutions

GFT clients can count with the support of over 400 Amazon Web Services (AWS) certified experts for their cloud initiatives.

The company successfully renews its Google Cloud Application Development Services partner specialisation.

Revenue up 27 percent, adjusted EBITDA up 52 percent, EBT up 184 percent year on year. All key performance indicators show: GFT Technologies SE (GFT) set new records in 2021.

The global management consulting firm Oliver Wyman and Technology and software engineering leader GFT are supporting Al Rajhi Bank Malaysia (ARBM) to design, build and launch a cloud-based digital bank.

GFT and Astadia to bring their clients technology into the 21st century with complete mainframe-to-cloud migration solution.

GFT is doubling its investment in embedded privacy pioneer One Creation to 5 percent.

GFT and Proteus are partnering to make data protection processes significantly more efficient while mitigating risks.