GFI INFORMATIQUE ANNOUNCES THE ACQUISITION OF ADDSTONES CONSULTING


GFI INFORMATIQUE ANNOUNCES THE ACQUISITION OF ADDSTONES CONSULTING, A CONSULTANT AND SERVICE PROVIDER TO CIBs[1]

Gfi Informatique has become a leading provider of consulting and IT services for corporate and investment banks

Saint-Ouen (France), 17 September 2013 - Gfi Informatique bolstered its consulting and IT services activities for the corporate and investment banking business yesterday by acquiring Addstones Consulting.

A SIGNIFICANT KNOWLEDGE BASE FOR SERVING MAJOR CUSTOMERS, WITH A HIGH LEVEL OF REPEAT BUSINESS

Gfi Informatique announced that it has acquired 100% of the capital and voting rights of Addstones Consulting. With a workforce of 136, Addstones Consulting provides comprehensive and unit-based consulting and technical assistance services exclusively for the largest French and international banks. Its revenues, exclusively realised in corporate and investment banking, asset management and investor services, are expected to be around €13 million in 2013. Revenues are highly visible, thanks to the high proportion of GTA[2]. The company shows a fairly good profitability.

GFI INFORMATIQUE NOW LEADS ON THIS SEGMENT THANKS TO ITS COMBINED ADDSTONES CONSULTING AND VANILLA[3] BUSINESS

This transaction will enable the Group to increase its visibility in the promising corporate and investment banking sector. By combining Addstones and Vanilla, the group will have a workforce of almost 250 people to serve customers in the CIB segment. With the support of all Gfi Informatique Group resources, the two combined firms will be able to respond to the growing demand for centralisation, industrialisation and innovation in a fast-changing market segment.

Gfi Informatique is strengthening its global leadership in consulting and services designed for banks and insurance companies, where it has revenues of over €200 million.

Next meeting: Q3 2013 sales - 7 November 2013

Disclaimer
Except for historical facts, the data contained in this press release are forecasts. Given the difficulties inherent in anticipating results, these forecasts do not represent guarantees. Actual results may differ considerably from explicit or implicit forecasts.

About Gfi Informatique
A leading European player for value-added IT services and software, Gfi Informatique has established a differentiating strategic positioning between global operators and niche players. Drawing on its multidisciplinary profile, the Group provides its customers with a unique combination of hands-on services, sector-based organisation and industrial-quality solutions. With a workforce of over 10,000 employees, the Group posted 2012 pro-forma sales of around €750 million.

For more details: www.gfi.fr



[1] CIB: Corporate and investment bank

[2] GTA: Global technical assistance

[3] A Cognitis Group subsidiary held by Gfi Informatique

For information, please contact:
GFI INFORMATIQUE
Administrative and Financial Director
Cyril Malher
Tel.: +33 1 44 04 50 64
cyril.malher@gfi.fr
KEIMA COMMUNICATION
Investor Relations
Emmanuel Dovergne
Tel.: +33 1 56 43 44 63
emmanuel.dovergne@keima.fr
PRESS RELATIONS
Alix Hériard Dubreuil
Tel.: +33 1 56 43 44 62
alix.heriard@keima.fr

Attachments

CP-UK-Addstones Consulting