Cambista Completes Brokat MBO
Cambista Technologies, a new financial software and services provider, has successfully completed a management buy-out of Brokat’s EMEA e-finance businesses. The deal included business infrastructure, IP rights to a range of banking applications and a customer base of 20 banks across Europe and the Middle East – all of the building blocks required to establish a successful new venture. Cambista will sell a complete range of applications from retail banking to high-end corporate cash management. These applications will be offered on a 100 per cent Java (J2EE compliant) business platform known as the Cambista Financial Framework. The Framework, which runs on any J2EE application server, will provide major technical and business benefits for customers, allowing them to rapidly deliver new products and services to market whilst leveraging existing investments in IT infrastructure.