SAB was set up in 1989 and launched its core system a couple of years later. It claims over 200 sites mainly in France and French-speaking countries.
For a long while, a direct competitor to SAB was Delta Informatique, which was acquired by Sopra in 2011. It remains to be seen how SAT AT and Sopra Banking Amplitude (Delta-Bank, as was) will be positioned. Sopra’s strategy to-date has been to maintain all of its acquired products, now with a common digital front-end, branded as the Digital eXperience Platform (DxP).
Sopra Steria’s Sopra Banking Software subsidiary is taking a majority stake in SAB, with an option to buy the rest of the shares in one year’s time.
Other core system supplier acquisitions by Sopra have been Belgium-based Callataÿ and Wouters (2012), with its Thaler system (now Sopra Banking Platform) and a number of other small players, most recently UK-based Sword Apak.
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