Sopra Steria

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Sopra Steria Group SA
TypeSociété Anonyme
EuronextSOP
CAC Mid 60 Component
IndustryInformation technology consulting and services
Founded1968; 53 years ago (1968)
HeadquartersParis, France
Key people
  • Vincent Paris (CEO)
RevenueIncrease €4.262 billion (2020)
Decrease €226.6 million (2018)
Decrease €106.8 million (2020)
Total assetsIncrease €2.322 billion (2018)
Total equityIncrease €1.329 billion (2018)
Number of employees
46,000 (31 december 2019)[1]
Websitesoprasteria.com

Sopra Steria is a Paris-based consulting, digital services, and software development company. In 2020, it had 46,000 employees in 25 countries, and generated €4.3 billion in revenue.

History[edit]

Timeline[edit]

  • 1968 – Creation of Sopra (Programming and Analysis Company).
  • 1969 – Creation of Steria. SODERI (Information Research and Development Company) holds 51%, the BNP Group holds 29.5% and the Indochina Group holds 19.5%. The company is headquartered in the BNP offices.
  • 1971 – Sopra signs its first large global banking managed services agreement, leading to the first banking platform the next year.
  • 1973 – Steria computerizes Agence France-Presse by creating a text processing system that enables transmission of information in real time.
  • 1974 – Steria acquires Sitintel, a miniature information specialist.
  • 1981 – Steria takes part in the development of Minitel, by designing the system's architecture, security software, and certain applications.
  • 1986 – Sopra's first major national project with the French Ministry of the Interior.
  • 1987 – Beginning of expertise on the transport and mobility market thanks to Steria's automation project for the RER A in Paris.
  • 1990 – Sopra is listed on the Second Market of the Paris stock exchange, now the NYSE Euronext Paris.
  • 1994 – Steria creates the management system for the French interbank payment system.
  • 1997 – Steria acquires the Indian company IIS Infotech based in New Delhi, India. In September that year, François Enaud is appointed Group CEO.
  • 1999 – Sopra expands to the United Kingdom, Spain, Italy and Germany. The company then creates the EVOLAN suite (several modules, including fund management).
  • 1999 – Steria is listed on the Second Market of the Paris stock exchange.
  • 2000 – Steria acquires three French companies: Experian; France's IT management business; Tecsi, a company specializing in embedded software; and Equip, a specialist micro-IT equipment management company. Meanwhile, Sopra acquires Orga Consultants (a strategy, management, and organization consulting company).
  • 2001 – Sopra sets up its subsidiary; Axway Software and acquires Viewlocity, Cyclone Commerce, and Tumbleweed Communications in the US, as well as the Italian company ITI and the British company CS Rand, which both offer systems consulting and integration services. Through Axway Software, the company decides to expand into the Enterprise Application Integration (EAI) market.
  • 2001 – Steria acquires Bull's IT service operations in nine European countries (UK, Germany, Spain, Norway, Denmark, Sweden, Belgium, Luxembourg, and Switzerland); and develops Belgian electronic identity cards.
  • 2003 – Sopra Group acquires Inforsud Ingénierie.
  • 2004 – Sopra Group acquires Valoris, a European Consulting and IT Services company.
  • 2005 – Steria acquires the German company, Mummert Consulting. Sopra opens Near and Offshore service centres in Europe and India, acquires the company Newell & Budge in the UK and its Irish and Indian subsidiaries who use a comprehensive range of IT services, ranging from consulting to implementation, as well as PROFit, an independent company specialising in consulting and the integration of systems based in Spain and Portugal.
  • 2007 – A busy year of changes. Steria acquires the company Xansa in the UK, thus enabling it to substantially develop its market shares in the UK public sector, as well as offshore production capacity in India. In addition, the company's statutes evolve to enable a "participatory governance", involving all employee-shareholders. Steria signs the 'Chorus' agreement with the French Ministry of Finance, to become part of the biggest SAP project in France. The company also opens two near-shore centres in Poland and Morocco.
  • 2014 – Strategic partnership between La Banque Postale and Sopra Banking Software to roll out a new nationwide Core Banking platform.
  • 2014 – The merger of Sopra and Steria is announced on 8 April 2014. Both companies seek to become the European leader in digital services.[citation needed]
  • 2014 – Success of Sopra's Friendly Public Exchange Offer for Steria on 5 August 2014 for all of Steria's shares. Sopra Group becomes Sopra Steria Group. The process will take the form of a public exchange offer launched by Sopra for its competitor Steria, at the rate of one Sopra share for four Steria shares.
  • 2014 – The legal merger of Sopra and Steria takes place on 31 December 2014.
  • 2015 – The merger of Steria Group and Sopra Group becomes effective on 31 December, leading to the birth of Sopra Steria Group, a European "leader in digital transformation".[clarification needed]
  • 2019 - Acquisition of CX-partners, leaders in user experience design and consulting
  • 2020 - Acquisition of Fidor Solutions.

Sopra[edit]

Logo of Sopra. The motto of the company was Talented together

Sopra was seated in Annecy, France. The company had a revenue of €1.349 billion (2013) and 16,290 (Dec. 2013) employees. It was founded in January 1968 by Pierre Pasquier, François Odin and Léo Gantelet.[2][3] In March 2014, Sopra Group became Sopra. In April 2014, Sopra announced a merger with Steria in an attempt to create the European leader in computer services.[4] Sopra is a consulting, IT services and software development company. Its subsidiary Sopra Banking Software develops and distributes software for the financial services market.

Three complementary business lines:[5]

  • Consulting (Sopra Consulting) Management and Technology
  • Systems integration
  • Software publishing in the following field :
    • Human resources (HR Access and Pléiades offering)
    • Real estate management (Ulis, Ikos and Altaïx offerings)

Sopra is focused on the following business sectors:

  • Financial services
  • Services, transportation, and utilities
  • Public sector
  • Industry
  • Telecom and media
  • Retail

Acquisitions[edit]

Sopra's main acquisitions are:

  • In 1996, acquisition of SG2 Ingénierie (650 people).
  • In 2000, acquisition of Orga Consultants, Strategy and management consulting company (200 people)[6]
  • In 2001, acquisition of the Italian company ITI and British CS Rand, both acting in system integration and consulting fields[7]
  • December 2003, Sopra acquires Inforsud Ingénierie from the Crédit Agricole Group (530 people).
  • In July 2004, acquisition of Valoris, Consulting and IT Services European company (500 people)[8]
  • In July 2005, acquisition of Newell & Budge (UK) and its subsidiaries in Ireland and India, IT services (600 people)[9]
  • In November 2005, Sopra acquires 100% of the share capital of PROFit SA, system integration and consulting company based in Spain and Portugal (700 people)
  • In July 2008, acquisition of CIBF, an independent company specialised in portfolio and risks management software development for the banking sector, based in Nantes (60 people) [10]
  • October 2011, acquisition of 100% of the share capital of Delta Informatique, independent company offering financial software solutions[6] · .[11]
  • In February 2012, Sopra acquires the Belgian company Callataÿ & Wouters, specialised in banking software.[12][13]
  • March 2012, acquisition of British subsidiaries of Business & Decision and Tieto[14]
  • In July 2012, Sopra creates Sopra Banking Software consequently to the acquisitions of Callataÿ & Wouters and Delta Informatique [15]
  • In April 2013, Sopra announces the acquisition of HR Access, software for the human resources management industry (900 people)[16]
  • In February 2014, Sopra announces the acquisition of the German company COR&FJA Banking Solutions [17]
  • April 2014, merger with Steria

Axway Software spinoff[edit]

In 2001, Sopra creates its subsidiary Axway to access the Enterprise Application Integration (EAI) market:

  • In 2001, creation[18] of Axway Software (400 people, 50 million euros revenue);
  • In 2002, Axway acquires the integration business of the American company Viewlocity Inc.[19][20] first in Europe, then in Asia and in the U.S.;
  • Early 2006, acquisition of Cyclone Commerce, Inc., a U.S. enterprise software company;[21][22]
  • Early 2007, acquisition in Germany of the enterprise software business of Atos Origin;[23]
  • In September 2008, acquisition of Tumbleweed Communications Corp.

Axway Software split from Sopra in June 2011 consequent to its stock market launch.[24]

Steria[edit]

Logo of Steria

Groupe Steria SCA, a multinational information technology services company founded in 1969, based in Issy-les-Moulineaux, France, had a revenue of €1.75 billion in 2013 and over 20,000 employees.[25] It focuses on public services, finance, telecommunications, utilities and transport. The company provides consulting services for its clients' core business processes and also develops and operates its information systems.

Steria operates across 16 countries and is listed on the Euronext Paris market. Over 20% of its capital is owned by its employees.

Following the merger of Steria and Sopra, Groupe Steria SCA and its subsidiaries are now part of the Sopra Steria Group, a European "leader of digital transformation"[clarification needed] established in September 2014.

Steria was created by Jean Carteron in 1969. Francois Enaud took over as Group chairman and CEO in 1998[26] and Steria listed itself in the Paris Stock Exchange the next year. In 2000, Steria acquired three service and telecom companies in France to become one of top five French service providers. In 2001, Steria started the Foundation Steria,[27] a community support group. In July 2007, Steria acquired the United Kingdom-based IT outsourcing and technology company Xansa for £472 million in cash.[28][29] At the time of the acquisition Xansa had a total of around 8,000 staff, of whom around 5,000 were based in India.[29] According to the terms of an agreement signed with AURELIUS on 20 October 2012, Steria completed the sale of its Spanish subsidiary on 28 November 2012.

Steria has sites in the following locations: Austria, Belgium, Denmark, France, Germany, Hong Kong, India, Luxembourg, Morocco, Norway, Poland, Singapore, Switzerland, Sweden and United Kingdom.[30]

The "Steria Corporate Center for Real-Time and Embedded Software expertise", located in Aix-en-Provence, France, focuses on aeronautics (Eurocopter, Dassault), defense (DCNS, DGA) and transportation use products including QC (TEST DIRECTOR), SCADE and VAPS.

Services offered by Steria included: Applications management, Infrastructure management, IT service management, Business process outsourcing, Testing and quality, Cloud - Workplace on command, infrastructure on command and Security - Right Security

NHS Shared Business Services (NHS SBS) is a joint venture between Steria and the United Kingdom's Department of Health. It provides services in finance and accounting; payroll and human relations; family health services; and commercial procurement.

NHS SBS employs over 1,400 people, recovers more than £12 billion of debt, pays 200,000 NHS employees and processes £36 billion of payments per annum for its NHS clients.[31]

In May 2018, the UK's Minister of State for Immigration, Caroline Nokes, announced significant changes to the visa application submission process. In her statement, she announced the government would be outsourcing the immigration application process to Sopra Steria Group by October 2018.,[32][33]

Controversies[edit]

In the UK, the National Audit Office found that NHS (NHS Shared Business Services) first recognized in January 2014 that patients might have come to harm as a result of what was, at the time, a fast-rising backlog of undelivered paperwork. Although staff raised concerns, the company had not alerted the department or NHS England until March 2016 – a delay of 26 months. The NAO concluded that the company had then been “obstructive and unhelpful” with regard to the subsequent inquiry launched by NHS England.[34] In 2017 a UK Commons public accounts committee was informed that at least 12,000 missing papers – possibly including patient records and cancer tests – had not been processed by the company.[35][36][37]

In 2019, several members of the British Parliament, concerned about "grave problems" in Sopra Steria's £91 million contract to manage post-Brexit biometric services for immigrants, wrote to the National Audit Office (NAO) to request an urgent investigation into the quality of service, responding to allegations that the company was charging "extortionate" rates to the vulnerable.[38][39][40]

Ransomware attack[edit]

On 20 October 2020, the company suffered a Ryuk ransomware attack.[41] Using a new variant of Ryuk, the cybercriminals tried unsuccessfully to encrypt the company's data, making it inaccessible unless a ransom is paid. Ryuk has been described as "one of the most dangerous ransomware groups that operate through phishing campaigns".[41] It is estimated the attack will cost the company €40-50 million (US$47–59 million).[42]

References[edit]

  1. ^ https://www.soprasteria.com/about-us
  2. ^ Histoire – Les deux derniers grands capitaines de l’industrie des services informatiques encore à la barre de leur entreprise[permanent dead link], nr. 218, p.1026-1028, iLogiciels & Services
  3. ^ Pierre Pasquier, dernier pionnier, Olivier Hensgen, 23 maart 2009, La Tribune
  4. ^ Sopra announces merger with Steria
  5. ^ Annual financial report – Additional information on page 6
  6. ^ a b Rapprochements conseil et SSII : quand l'amont et l'aval ne font qu'un
  7. ^ Sopra fait ses emplettes en Italie et en Grande-Bretagne
  8. ^ Valoris se décide pour Sopra
  9. ^ Sopra settles in the UK by acquiring Newell & Budge
  10. ^ Sopra se renforce dans le secteur bancaire avec le rachat de CIBF
  11. ^ Sopra s'offre l'éditeur de logiciels financiers Delta Informatique
  12. ^ Callataÿ & Wouters racheté par le français Sopra
  13. ^ Callataÿ & Wouters signe un accord avec le groupe Sopra et formera ainsi un acteur européen majeur[permanent dead link]
  14. ^ Sopra annonce la finalisation de deux acquisitions au Royaume-Uni
  15. ^ Historique de Sopra Banking Software Archived 14 August 2013 at the Wayback Machine
  16. ^ ChannelNews – Sopra Group finalises the acquisition of HR Access
  17. ^ Sopra finalise l’acquisition de COR&FJA Banking Solutions GmbH
  18. ^ l'EAI prend le chemin de l'independance – Information Builders, Sybase et Sopra ont tous trois regroupé leur activité d'éditeur d'EAI au sein d'une entité distincte.
  19. ^ Europolitics – SOPRA ACQUIRES STAKE IN AMERICAN GROUP VIEWLOCITY Archived 2 July 2013 at Archive.today
  20. ^ Information-Age – Viewlocity backs out of EAI
  21. ^ Bloomberg Business Week – Cyclone Commerce, Inc. was acquired by Axway Software S.A.
  22. ^ 4-Traders – Sopra Group: Axway Finalizes Merger with Cyclone
  23. ^ GARTNER – Axway and Atos Origin Unite to Offer B2B Integration Services
  24. ^ Euronext – Axway IPO, NYSE Euronext Paris
  25. ^ "Steria - Who are we?". Archived from the original on 13 January 2015. Retrieved 27 September 2015.
  26. ^ ,"Steria - François Enaud - Chairman and CEO". Archived from the original on 13 January 2015. Retrieved 27 September 2015.
  27. ^ Home Page Archived 2 August 2012 at Archive.today
  28. ^ "Xansa surges after rival's £472m bid". The Telegraph. 31 July 2007. Retrieved 9 September 2012.
  29. ^ a b "France's Steria to buy UK IT group Xansa". Reuters. 30 July 2007. Retrieved 9 September 2012.
  30. ^ "Steria - Locations". Archived from the original on 13 January 2015. Retrieved 27 September 2015.
  31. ^ http://www.sbs.nhs.uk/home/working-with-clients Archived 28 September 2015 at the Wayback Machine retrieved 30/5/2012 11:38
  32. ^ http://www.whiterosevisas.co.uk/soprasteria-ukvi.html
  33. ^ https://www.gov.uk/government/news/sopra-steria-has-been-awarded-a-new-ukvi-contract
  34. ^ https://www.theguardian.com/society/2017/oct/16/nhs-data-loss-scandal-deepens-with-162000-more-files-missing
  35. ^ https://www.theguardian.com/society/2017/feb/26/nhs-accused-of-covering-up-huge-data-loss-that-put-thousands-at-risk
  36. ^ https://www.theguardian.com/society/2017/jun/27/hundreds-of-patients-potentially-harmed-by-undelivered-nhs-mail-says-nao
  37. ^ https://www.theregister.co.uk/2017/06/27/watchdog_slaps_nhs_for_failure_to_tackle_correspondence_backlog/
  38. ^ https://www.ein.org.uk/news/law-society-and-ilpa-back-mps-call-urgent-investigation-home-office-partnership-sopra-steria
  39. ^ https://www.independent.co.uk/news/uk/home-news/home-office-immigration-chief-inspector-borders-hostile-environment-a9006706.html
  40. ^ https://www.theregister.com/2018/05/18/home_office_hands_91m_digital_visa_contract_to_sopra_steria/
  41. ^ a b "Sopra Steria falls victim to Ryuk Ransomware". SecureReading. 23 October 2020. Retrieved 4 December 2020.
  42. ^ 860152518924115/2545214676875828832/ "Ransomware Attack Will Costs French IT Services $60 Million" Check |url= value (help). TechStreetnow. 26 November 2020. Retrieved 4 December 2020.