Swiss CREALOGIX acquires Spanish Innofis

CREALOGIX, a leader in digital banking solutions, will acquire 100% of the Barcelona-based Innofis – a well-established digital banking supplier for the Middle East, serving leading banks of the region.
The Barcelona based Innofis is a self-financed and privately held company with an international focus, founded in 2012 in order to provide customer centric digital solutions to Financial Services organizations. Clients include top tier Middle East banks as NCB (National Commercial Bank), or the Al Rajhi Banking Corporation. Innovation was a key component for its continuous double-digit growth. Innofis is highly profitable and today generates over CHF 10 million of revenue.
Innofis’s staff of more than 120 highly qualified engineers and specialists will join CREALOGIX and will continue to be led by the existing management team.
“As a result of the new, joint offering from Innofis and CREALOGIX, we will remain a reliable partner for our clients and will support them in their digitization initiatives, with a broader set of innovative, ready-to-use solutions,” says David Moreno, CEO and Founder of Innofis, who will become a member of the Executive Group Management of CREALOGIX and will also continue to be responsible for the Middle Eastern market.
There are optimal synergies between the mutually complementary product portfolios due to the shared technology foundations, and many modules can be integrated interchangeably, thanks to the use of modern open architecture based on micro-services and state-of-the-art deployment methods.
This move will allow existing and future customers to benefit from an even broader range of digital offerings from a single source.