Quid Informatica has announced the acquisition of a majority stake in Cabel Industry, established company with a central presence in the full outsourcing banking market.

Cabel and Quid represent two complementary entities in a single industrial project, offering innovative solutions and services for the financial services sector. They aim to become a market player that combines mastery of new technological trends and specific expertise to expand their range of IT solutions for a wide target of financial companies and small to medium-sized banks.

Stefano Bertoli, in his dual role as CEO of Quid and President of Cabel Industry, “The industrial element of this integration is the creation of a unique and innovative operator capable of offering application services to support banking and financial processes. We will continue the path undertaken by Cabel, projecting ourselves strongly into new market segments, thanks to the combination of the great potential of two cutting-edge platforms: Oracle FLEXCUBE (core banking) and Qinetic Platform (product vertical).”

Francesco Bosio, President of Cabel Holding S.p.A. and General Manager of Banca di Cambiano 1884 S.p.A., “We have identified Quid as the best option as a technology partner to ensure continuity and quality of services offered by Cabel and to project the company into an ambitious development project.”