X1F Group acquires a stake in XPACT
XPACT Consulting AG from Jugenheim in Rheinhessen becomes part of the X1F Group. The 37-member team has been supporting large and medium-sized financial institutions in the design of corporate processes and IT solutions for more than two decades.
XPACT manages issues end-to-end and acts as a contact for specialist and IT departments alike. With its core competence in the planning, design and implementation of SAP standard software, both in operational and analytical areas relating to disclosure and internal bank management, XPACT is the ideal complement to the X1F portfolio. Furthermore, overall bank and IT architectures are developed for finance, controlling and operations, including blueprints for data models and flows. Above all, emphasis is placed on practicable solutions in conception and implementation.
X1F CEO Lars Ackermann says: “XPACT, as the spearhead for an expansion of banking competencies, will ideally complement the Group’s portfolio and further expand our contact network in the financial services environment.”
Frank Ludwig, CEO of XPACT: “Being part of the X1F Group combines the best of both worlds. XPACT can continue on its successful path as an independent company with a strong group of experienced IT specialists in the background, where synergies can be exploited.”
Mark Bingenheimer, also a board member of XPACT: “At the right time, X1F is opening up new horizons for our employees and customers in terms of development, perspectives and scope of solutions.”
The X1F Group offers technology and specialist consulting from a single source, supporting banks, insurance companies, industry and the public sector in the digital transformation with a full service offering. Under its umbrella, X1F bundles specialized, innovative and complementary services for business process consulting, program and project management, platform integration, data analytics, artificial intelligence, security, identity and access management, cloud and IT architecture as welI as IT infrastructure.
Sancovia Corporate Finance initiated the transaction and advised the client throughout the transaction process.