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GFT recognised for outsourcing innovation and industry best practice

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London, UK - 28th April, 2014 - GFT, a leading international IT solutions provider to the financial sector, today announced its selection as a finalist within the category of “Innovation in Pan-European Outsourcing” by the European Outsourcing Association.

The recognition follows on from the creation and continued support by GFT of CODE_n, an international initiative for digital pioneers, innovators and ground-breaking start-ups that celebrated its fourth anniversary with a special event during the CeBIT trade show in Hannover Germany last March. This year CODE_n was won by UK big data startup, Viewsy.

GFT Group Logo
GFT Group Logo

When CODE_n launched in 2011, its creator Ulrich Dietz, founder and CEO of GFT, offered a vision “to seek out and promote the world’s most innovative start-ups”. It was felt that innovation was not being brought to the forefront for the wider benefit of the technology sector and outsourcing community.

GFT initiated the idea that kick-started the annual awards, prize fund, workshops, presentations and panel discussion in co-operation with Deutsche Messe, EY, Fujitsu Technology Solutions and the German ICT sector association BITKOM. Over the intervening years, the project has welcomed over 1,000 start-ups from more than 130 countries and has helped to showcase innovation to investors, customers and the wider ICT industry.

Christopher Ortiz, managing director of GFT UK commented: “We have a long standing commitment to Open Innovation which we recognised as a key driver for business prosperity, growth, profitability, competitiveness, and a solid long-term future.”

Recognising the challenging environment in which banks and financial service firms operate, as well as the potential opportunities, In 2014 GFT and Bax & Willems launched “Innovation House” to support the banking and financial services industry in creating, developing and implementing new ideas. The venture promotes “thinking outside the box” to openly discuss and rapidly compare and contrast ideas with a broad audience in order to gather a complete view of potential solutions and the means and partners necessary to make those solutions a reality.

“For GFT, the Open Innovation paradigm expands to incorporate all kinds of innovation activities. Instead of developing everything in-house, outside collaborations are sought in both the development and commercialisation of new solutions, based on the concept that internal resources alone cannot encompass all the knowledge, creativity and capabilities needed for successful innovation,” Ortiz adds.

The European Outsourcing Association (EOA) is a pan-European collective of not-for-profit trade bodies with the express aim of promoting best practice in the outsourcing industry. The 2014 EOA Awards winners will be announced at the upcoming ceremony in London on the 10th of July. More information on CODE_n can be found at http://www.code-n.org/

About the GFT Group:
The GFT Group is a global technology partner for future digital issues – covering everything from discovering innovation to developing and implementing sustainable business models.

Within the GFT Group, GFT stands for competent consulting and reliable development, implementation and maintenance of customized IT solutions. The company is one of the world’s leading IT solutions providers in the banking sector.

emagine offers companies the opportunity to staff their strategic technology projects both quickly and flexibly with capable experts. To achieve this, emagine has an international network of highly qualified IT and engineering specialists at its disposal.

CODE_n, the GFT Group’s innovation platform, offers international startups, technology pioneers and established companies access to a global network. It’s where ideas become business.

Headquartered in Germany, the GFT Group has stood for technological expertise, innovative strength and outstanding quality for over 25 years. Founded in 1987, the GFT Group achieved revenues of more than €260 million in 2013. With a global team spanning 2,100 employees, the company is represented in eight countries at 32 locations. The GFT Group is listed on the Frankfurt Stock Exchange (Prime Standard).

Contacts:
Felix Jansen
Head of External Communications
GFT Technologies AG
Filderhauptstr. 142
70599 Stuttgart
T +49 711 62042-115
F +49 711 62042-301
felix.jansen@gft.com
www.gft.com

Rose Ross
Omarketing, for GFT
gftteam@omarketing.com
US: +1 781 519 0275
RoW: +44 (0)20 8255 5225