Reply is composed of a network of highly specialized companies, which support leading industrial groups in defining and developing business models to optimize and integrate processes, applications, and devices using new technology and communication paradigms, such as artificial intelligence, big data, cloud computing, and digital communication.

Italian artificial intelligence and big data company Reply [EXM, STAR: REY] signed an agreement to acquire 100% of Fincon Unternehmensberatung GmbH, a leading German consultancy in digital transformation projects for the banking and the insurance industry.

Fincon (www.fincon.eu), headquartered in Hamburg, is a pure consulting company specializing in core processes and systems for the financial services industry such as mobile banking, payments, core banking, internal control system and regulatory compliance, BIPRO and insurance systems. Most major German banking and insurance institutions and many of the German Sparkasse are among the customers of Fincon.

The investment in Fincon is part of Reply’s international growth strategy, particularly in Germany, where Reply is already a leading player in consulting, system integration and digital services.

“It’s been a pleasure to support Reply over the past few years in several transactions, especially with this landmark acquisition in the area of IT and business services for the banking and insurance sector,” says Dirk Middelhoff, partner at Clairfield Germany.

Clairfield International acted as financial advisor to Reply.