NEOPOST HAS SIGNED AN AGREEMENT TO ACQUIRE ICON SYSTEM HAUS GMBH, THE GERMAN LEADER IN CUSTOMER COMMUNICATION MANAGEMENT
Strong positioning of icon in the German insurance industry
Opportunity related to icon designation as replacement to IBM discontinued document composition applications
Paris, 14 June 2016
Neopost, the number two global supplier of Mail Solutions and a major player in digital Communication and Shipping Solutions, today announced that it has signed an agreement to acquire icon Systemhaus GmbH, the German leader in Customer Communication Management solutions.
icon primarily develops Customer Communication Management solutions known as the DOPiX Suite. icon primarily targets Financial Services & Insurance companies mainly in Germany, Austria and Switzerland. More specifically, it enjoys a strong positioning in the insurance industry, with among its clients 75% of the top 30 German companies in this field, notably Generali, ERGO and AXA.
In addition to a client-server based solution, icon has also developed a mainframe based solution enabling IBM customers to migrate their document composition applications named ASF/DCF on DOPiX (client-server or mainframe version), IBM having chosen DOPiX as a replacement for their discontinued ASF/DCF products.
Founded in 1995 in Stuttgart, icon Systemhaus is a German based company that currently employs around 100 people. Headquartered in Stuttgart (Germany) icon is also present in Austria (Vienna) and in the USA (New York). In 2015, icon Systemhaus posted revenues of €13 million. It enjoys strong growth potential thanks to its IBM partnership and recognition. The transaction is expected to be closed by July 2016.
Denis Thiery, Chairman and Chief Executive Officer of Neopost, commented: “We are looking forward to welcoming the teams of icon Systemhaus to Neopost. The acquisition of icon is another step in the expansion of our Enterprise Digital Solutions portfolio of fast-growing activities. The DOPiX suite will enhance our offer in Customer Communication Management and our market reach, strengthening our presence in Germany. It will complement the solutions developed by our subsidiary, GMC Software.”
Uwe Seltmann, Founder and Chief Executive Officer of icon Systemhaus, stated: "We are very pleased at the prospect of joining Neopost and its Enterprise Digital Solutions business unit. This will provide us with new opportunities thanks to the support network and relationships found within a large multinational organization. In addition, this extends Neopost Customer Communication Management offering to large enterprises, adding mainframe capabilities, IBM ASF/DCF and other legacy output management software replacement opportunities. ”