Sage SA
SAGE SA is a privately held software publisher with customers in the banking and finance industries. SAGE has its headquarters in Switzerland, and branches in Dubai and Singapore.
History
SAGE was established in 1986 by a group of graduates from the University of Lausanne, Switzerland and was funded by private individuals. The company started by delivering trading software and customizing ERP for small to medium firms and for governmental institutions in the Lake Geneva area.
In the mid-1990s, SAGE started selling software to the media industry and supporting the banking industry. The company installed its systems outside of Switzerland with banks, brokerage firms, and family offices in the Middle East and in Northern Europe.
In early 2000, SAGE focused its activities on delivering front- to back-office systems catering to the financial industry. Currently, SAGE concentrates on Software as a Service (SaaS) for hosted solutions or on-site installation. It also provides services such as system implementation, project management, and training.
In 2010, SAGE was reviewed in both of IBS Intelligence's Wealth Management Technology Systems Market Report and Banking Systems in the Middle East Regional Guide. SAGE was also reviewed in CapGemini’s Private Banking Systems 2005 Report Survey, in Celent’s Ranking the European Vendors of Wealth Management Technology 2009 Report, and in Aite Group's “Evaluating Global Private Banking Platforms: Change May Create Opportunity” 2012 Report.
SAGE is headquartered in Lausanne, Switzerland and has branches in Singapore and in Dubai Internet City, UAE.
Employees and Partners
SAGE currently employs workers with expertise in finance and banking business analysis, project management and systems development.
SAGE also partners with system implementation companies as well as specialists in the technology and banking industry including IBM, HCL, FRSGlobal, Oracle, Matlab, Reuters, SIX Financial Information and Swift.
SAGE has also fostered regional partnerships in APAC and the Middle East.
Products
SAGE SA offers Prospero, a suite of wealth management solutions; and BlackSwan Financial Platform, a Portfolio Optimization solution.
- Prospero covers Wealth Management, Asset Management, Fund Administration and Independent Asset Management/Family Office.
- BlackSwan Financial Platform uses non-Gaussian distributions that accurately take into account extreme events such as market crashes to precisely model the behavior of financial assets. and would be able to optimize the expected shortfall (or expected tail loss).
Growth
The company, which remains self-financed, has enjoyed constant growth since its creation and managed to remain profitable each year since inception.
SAGE's current revenue is derived mainly from licensing, PPU/pay-per-use or SaaS/software as a service fees, installation and consulting services (including fully configurable and tested solutions and training), professional services (including end-to-end professional project management and business process management (BPM)); and maintenance fees on installed systems.
Approximately 50% of SAGE's sales are generated outside of Switzerland.
References
- ADCB adopts SAGE's Prospero
- Celent's Report on Ranking European Vendors of Wealth Management
- Global Investment House posts progress with Sage's Prospero wealth management system
- Global Investment House to Take on Prospero for Its International Expansion
- Global in Saudi Goes Live with SAGE's Prospero
- IBS Journal Report: Kuwait Breakthrough for SAGE
- Independent Research Firm Includes SAGE SA in “Hot Banking Tech Companies To Watch in 2010: Q2 Update” Report
- SAGE Profiled in IBS Middle East Banking Systems Regional Guide
- Unigestion Deploys Risk Management from SAGE
- WorkLight and SAGE Partner to Deliver Mobile Applications for Money Management and Fund Administration