Vermeg Group
| Vermeg Group | |
| |
| Founded | 1993 |
|---|---|
| Headquarters | The Netherlands |
| Key People | Badreddine Ouali, Chairman, Pascal Leroy, Chief Executive Officer |
| Employees | 700+ |
| Products | Banking, insurance and compliance software |
| Website | https://www.vermeg.com |
Vermeg Group is a publicly traded financial software firm with a focus on banking, insurance and compliance. The firm, established in 1993 with offices in France, Belgium, Luxembourg, Spain, the Netherlands and Tunisia, has more than 150 customers in 20 countries and more than 700 employees.[1]
History[edit]
Established in 1993 by founder Badreddine Ouali, the firm was originally part of BFI and spun off in 2002 and focused solely on the European market. It is known for providing IT services to financial services and insurance industries and as a partner in custody and asset management sectors as well in Europe. [2]
Vermeg has expanded organically and via acquisitions over the years. In September 2002, the firm acquired a division of Reuters France called Diagram, which supplied back office asset management software.[3]
In 2014, Vermeg bought the Belgium-based firm BSB, which specialized in financial software.[4]
The company took on an investor, Crédit Mutuel Arkéa, in January 2017, to help bolster its expansion plans. Crédit Mutuel Arkéa took a 19.5 percent stake in Vermeg.[5]
In February 2018, the firm announced the acquisition of Lombard Risk for £52.08 million, a risk management, regulatory reporting and collateral management software firm. Vermeg said the acquisition would help expand the company's footprint and product lines. Lombard Risk, which was also publicly traded, has access to markets in the UK, North America and Asia.[6][7]
Products and Services[edit]
Vermeg covers:
- Pension & Insurance
- Wealth & Asset Management
- Financial Markets & Securities Services
- Bespoke Solutions Development
- Property & Casualty Insurance
The company offers an ecosystem of software products called Palmyra, which is designed to work with existing systems and technologies.
Megara by Vermeg is a modular Swift-certified technology covering post-trade processing.[8]
Key People[edit]
- Badreddine Ouali, Chairman and Founder
- Pascal Leroy, CEO
References[edit]
- ↑ Who We Are. Vermeg.
- ↑ Presentation VERMEG SERVICES. http://www.lejustesalaire.com.
- ↑ Vermeg acquires unit from Reuters. Bob's Guide.
- ↑ Surviving the Ben Ali regime: a Tunisian entrepreneur success story. Wamda.
- ↑ Crédit Mutuel Arkéa takes a stake in Vermeg. Press release.
- ↑ Vermeg Acquires Lombard Risk To Create Global Financial Software Leader. Press Release.
- ↑ Vermeg buys regtech firm Lombard Risk for £52m. Press Release.
- ↑ Meet Vermeg’s financial markets and securities services experts at SIBOS. Vermeg.