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01/13/14 - €9.30
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bsb sa (BSB) Details

Business Solutions Builders International SA provides business solutions and IT services to finance professionals and life insurers in Europe and internationally. Its business solutions include Soliam, a modular front-to-back and back-to-front management solution for asset and wealth management; and Solife, which helps insurers in managing various aspects of their life, pension, and healthcare business from contract and claims administration to the development and distribution of new products. The company also offers software as a service (SaaS) and information technology outsourcing (ITO) solutions, including middle office business process outsourcing services for wealth management, dedicated funds administration for life insurers, closed books management for life insurers, and ITO for financial institutions; and Web portals for intermediaries, advisors, and their clients. In addition, it provides SaaS and ITO hosting, tailored development, and systems integration services. The company’s customers include banks, asset managers, insurance companies, and holding companies. Business Solutions Builders International SA was founded in 1995 and is headquartered in Louvain-la-Neuve, Belgium.

Founded in 1995

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bsb sa (BSB) Key Developments

BSB International Announces Executive Changes

BSB International appointed Marwan Hanifeh to the position of CEO. Marwan replaces CEO and company founder Jean Martin, who stepped down on 29 January. Marwan Hanifeh was previously CEO of Vermeg Group. Marwan assumes responsibility for the company’s global activity, drawing on his extensive background in financial software. He is supported by BSB’s experienced Executive Committee and staff and will be focusing solely on the task of managing BSB.

BSB Reports Earnings Results for the First Half of 2013

BSB reported earnings results for the first half of 2013. The company has returned to growth at its half-year point. The mid-year results mark an increase in turnover of 11% compared to June 2012, an EBIT which has improved by EUR 3.32 million (although it remains negative), and a positive EBITDA of EUR 30,000. Revenue growth was particularly strong in the area of software, which grew 16% compared to June 2012.

Business Solutions Builders International SA Reports Earnings Results for 2012

Business Solutions Builders International SA reported earnings results for 2012. For the year, the company has announced a loss of EUR 6.17 million and revenues of EUR 32.6 million. The results reflect the continuing economic downturn. The first half of the year was challenging but the second half improved significantly but still remained negative.


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