Luther advises management buyout: Crealogix, a Swiss banking software group, outsources part of its service business in Germany

Crealogix will focus on its core business and provide software services in the data cloud (Software as a Service - SaaS) in future and, therefore, has decided to outsource the service division BaaS (Backend as a Service) as of January 2021. To this end, the company Coperitus GmbH with registered office in Coburg (Bavaria) was incorporated in the course of a management buyout.

Coperitus will continue the current service business. The Swiss Group and the German company Coperitus have at the same time agreed a long-term cooperation in German-speaking countries.

Markus Schäferhoff and Klaus Paul, who held leading positions with Crealogix at the Coburg site in the past, will be the principal owners of the newly incorporated company Coperitus. About 50 Crealogix employees will move to this new company by the end of this month.

About Crealogix:

The Zurich-based Crealogix Group is a Swiss FinTech company and one of the world’s market leaders in digital banking. The Group develops and implements financial technology solutions for banks, wealth managers and other credit institutions. Established in 1996, the Group has a workforce of about 660. In the financial year 2019/2020, it generated overall net sales of about CHF 103.7 million. The shares of the Crealogix Group (CLXN) are traded on the SIX Swiss Exchange.

On behalf of Crealogix:

Luther, Corporate/M&A: Dr Andreas Kloyer (Partner/Lead), Dr Johannes Becker (Counsel)

Luther, Employment and Labour Law: Hans-Christian Ackermann (Parnter)