ARBES Technologies continues to grow. The company's revenue for 2023 reached almost 800 million crowns
Czech supplier of software solutions for the financial and healthcare sector, ARBES Technologies, has had another successful year. The company's revenue grew by more than 200 million crowns. This growth was supported by all of its subsidiaries, which include Crede Experto, Slovak Finamis and Inbrait.
ARBES Technologies, one of the leading players in information technology and software solutions, recently announced its financial results for the last fiscal year, confirming its dynamic growth. The company's revenue in 2023 exceeded 770 millison crowns, an increase of over 40% from the previous year.
Significant growth was achieved thanks to the cooperation and success of its subsidiaries, which consist of Slovak Finamis, a specialist in software solutions for the financial sector, Inbrait, a provider of IT specialists for Czech and international projects, and Crede Experto, which focuses on the delivery of professional IT solutions for infrastructure, availability and business continuity, data protection, banking and payment information systems. Crede Experto has also done exceptionally well in Poland, where it won an award at the IBM Partner Summit for the highest increase in revenue from sales and solutions of POWER servers.
Focus on quality and innovation
The company's long-term goal is to improve the quality of products, deliveries, services and overall customer approach. "Through the internal collaboration of our teams, we have made significant progress in optimizing our processes, improving the performance and quality of our systems, regulatory requirements and bringing more flexibility to our clients," adds Michal Houštecký, CEO and Chairman of the Board of ARBES Technologies. It is thanks to the improvements in processes and quality of systems that the company has had room to develop innovations.
"This remarkable growth can also be attributed to our successful company-wide product strategy, along with which we have achieved an important milestone in digital transformation, through the development of additional standalone and generally innovative microservice modules. In this way, we are able to ensure continued modernization and competitive advantage of our existing products and solutions, as well as to deliver completely new modules and functional components," says Michal Houštecký.
These include, for example, the development of the Workflow module, which streamlines the ordering and approval process within the FEIS modular ERP system, the development of the ARBES Limits application, which monitors the composition of fund portfolios to comply with the fund's statute and the regulations of the CNB and ESMA, the development of the Leasing Calculator, an online B2B solution that enables dealers of financed vehicles to integrate financing services into their systems and processes, and a module that provides a connection to the Certis Gateway domestic clearing.
The emergence of a major player on the fintech scene
June 2023 was a milestone for ARBES Technologies, when the company's 100% owner, Expandia Digital, acquired a stake in Ackee, a Czech development company focused on sustainable digitalization, design and development of mobile and web applications. With this move, ARBES Technologies has established a close collaboration with Ackee and their pairing has thus produced a major player on the fintech scene, capable of providing a full range of services, from UX and AI, mobile and web apps to transactional systems across the financial and healthcare sectors.
CFOworld 2/2024