25/02/13 Effisoft group announces a growth in excess of 10 percent. This exceptional growth will enable the Group to pursue its international expansion strategy in 2013, with the opening of a subsidiary in the United States.
With a consolidated turnover of 9.4 million euro in 2012, Effisoft’s growth strategy proved to be highly-effective. The company looks forward to the current yearwith optimism as it can already count on a broad list of clients.
« Thanks to our team’s efforts, Effisoft signed several new clients » says Pascal Stopnicki, CEO of Effisoft. « For instance, our risk management solution “Webrisk” was selected by 4 leading CAC40’ groups: PSA, DANONE and SAINT-GOBAIN».
Two factors played a key role in ensuring such an outstanding achievement in a tense global economic climate: Innovation and International Expansion.
The R&D Investments undertaken over the last three years allowed Effisoft to distinctively position itself in the Solvency II software market in 2012. « Solvaset, Effisoft’s global solution is geared towards the European Solvency II Directive namely Pillar I, II and III. It fulfills all the requirements set forth in the field of actuarial calculations (Ooliba), risk-mapping & internal controls (Valdys) along with regulatory reporting (Assuretat)». Explains, Effisoft’s CEO.
The following are the chief developments achieved by the Group; Assuretat’s customization, the ability to deploy all applications in SaaS mode and the overall ergonomic enhancements. « These improvements enabled Effisoft to earn new customers and not only traditional insurance companies (MATMUT, SMACL, AREAS, AGPM…) but also mutual funds companies (MUTRE, GROUPE FRANCE MUTUALISTE, GAMEST) as well as various pension funds organizations (PROBTP). »
Effisoft’s international positioning has significantly contributed to the group’s growth. For several years, about 45% of the company’s turnover has been realized outside of France. Thanks to its reinsurance management solution (WebXL), Effisoft signed new contracts in Switzerland, Belgium, Angola (Confiança Seguros) and Tunisia (GAT).
« Our strategy will henceforth be turned towards the United States, where we recently opened an office. Our new subsidiary “Effisoft USA Inc.” based in Dallas is exclusively dedicated to WebXL», says Julien Victor, Effisoft’s Managing Director. « We intend to carry out important marketing investments in order to promote WebXL to the American market in 2013. The first product demonstrations performed for our partners and prospects were very well received and augur well for the future of the subsidiary and the company as a whole ».
R&D and international development will therefore occupy a prominent position in 2013. In order to support the company's growth strategy, Effisoft will launch a new hiring wave, especially for the consultancy and technical departments. In 2012 the company recruited 15 people.