DATAGROUP Strengthens Capacities in the Financial Sector

• Following acquisitions in the financial services sector, DATAGROUP appoints Dr. Jan Saat as divisional board member for banking and insurance

Since March 1, 2020, Dr. Jan Saat joins the top management of the German IT service as divisional board member for banking and insurance and as managing director of the two subsidiaries Portavis and DATAGROUP Financial IT Services (FIS), which specialize in the financial services sector. After a degree in business administration, Dr. Saat earned his Ph.D. in business information management at the University of St. Gallen. This was followed by several years in strategy and management consulting for the European financial services industry. Before joining DATAGROUP, he worked at Bankhaus Lampe KG as CIO.

For DATAGROUP, the financial sector is an important growth area, as banks need to push digitization, especially in the current low-interest environment and due to the increased competition from digital-native providers. This also increases the demand for experienced IT service providers such as DATAGROUP, which, with its specialized subsidiaries, has the necessary expertise in IT as well as sector-specific requirements and regulations.

In 2017 DATAGROUP acquired DATAGROUP Financial IT Services and has since been able to win major clients in the financial services sector, including the largest single order in the history of the company with the next generation outsourcing contract with NRW.Bank. With these competence centers and the new divisional board member, the IT service provider is ideally equipped to take advantage of the growth potential of the sector.

ABOUT DATAGROUP

DATAGROUP is one of the leading German IT service companies. Over 2,700 employees at locations across Germany design, implement, and operate IT infrastructures and business applications such as SAP. With its CORBOX product, DATAGROUP is a full-service provider, supporting over 600k global IT workplaces for medium and large enterprises as well as public authorities. The company is growing organically and through acquisitions. The acquisitions strategy is particularly noted for its optimal integration of new companies. DATAGROUP is actively participating in the IT service market's consolidation process with its "buy and turn around" and its "buy and build" strategy.

CONTACT

Claudia Erning
Investor Relations
T +49 7127 970-015
[email protected]