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adesso acquires Smarthouse Media, a specialist for online financial applications

IT service provider adesso AG is acquiring Smarthouse Media GmbH, based in Karlsruhe. The company is a leading and globally operating full-service provider of digital information and marketing platforms for the financial sector. Through this acquisition, adesso is swiftly expanding its solutions portfolio and its customer base in banking, a core industry.

With the complete takeover, adesso has now added Smarthouse Media’s financial web solution to its portfolio. This platform allows financial service providers to optimise their product management and provide product information – including real-time share price data, coordinated search and selection func-tions and other financial information – on multinational websites in a user-friendly manner. Thanks to the open structure of the solution, third-party content and applications can also be integrated in addition to a company’s own data.

Smarthouse Media’s customers include renowned national and international banks, online brokers, media portals, fund companies and financial service providers. With currently more than 120 employees, Smarthouse Media operates more than 300 portals at several data centres on behalf of its customers. The portals are based on the company’s solutions and reach consumers in more than 30 countries. All data centres fulfil the strict IT security and compliance requirements that banks and stock exchange operators face.

Smarthouse Media is a good fit for adesso Group and opens up new business opportunities for the IT service provider, such as the integration of the existing Smarthouse solutions into the main portals of financial service providers, the addition of mobile components and attracting new portal projects, including their operation.

“The specialist expertise of Smarthouse Media in consolidating banks’ internal and external financial information – combined with the design, development and operation of bank portals for complex financial products – is an ideal match for our sector approach,” says Michael Kenfenheuer, CEO of adesso. “Smarthouse Media’s numerous notable bank customers, some of whom are globally active, will significantly expand our customer base in banking. In addition, the acquisition will allow us to increase the range of services we offer our customers from the IT side to the business side as well.”

“We are delighted to be able to offer our customers a much broader portfolio of services in future with adesso as our parent company. This complements our customers’ needs perfectly and will speed up our growth,” says Andreas Grunwald, Managing Director for Sales & Marketing at Smarthouse.

Stefan Schmitt, CTO at Smarthouse, adds: “It is precisely adesso’s professional attitude towards IT architecture and new technologies which allows Smarthouse to think in totally new dimensions now.”

Smarthouse Media GmbH

Smarthouse is one of the world’s leading providers of Web-based financial applications. Online brokers, banks and media portals, as well as investment funds and independent financial service providers, rely on Smarthouse’s customised financial market solutions. As a full-service provider, Smarthouse Media supports its customers during the concept stage and takes care of the development, hosting and enhancement of Web solutions. Besides providing a content management system that is tailored to the requirements of the capital market and is integrated into the systems developed by Smarthouse, the company also offers additional custom applications. The company has more than 120 employees at its headquarters in the high-tech Karlsruhe region. It operates more than 300 internet sites for 30 countries in more than 10 languages on behalf of its international customer base.

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