adesso Acquires Smarthouse Media

adesso, a Dortmund, Germany-based listed IT service provider, acquired Smarthouse Media, a Karlsruhe, Germany-based specialist for online financial applications.

The amount of the deal was not disclosed.

Through the acquisition, adesso is expanding its solutions portfolio and its customer base in banking.

Smarthouse Media is a provider of digital information and marketing platforms for the financial sector. Its solutions allow financial service providers to optimize product management by adding product information – including real-time share price data, coordinated search and selection functions and other financial information – on multinational websites in a user-friendly way.
Customers include national and international banks, online brokers, media portals, fund companies and financial service providers.
The company, which has more than 120 employees, operates more than 300 portals at several data centres on behalf of its customers reaching consumers in more than 30 countries.

Led by Michael Kenfenheuer, CEO, adesso is an IT service provider in the German-speaking area focusesing its consulting and software development activities on the core business processes of companies and public authorities.
Founded in Dortmund in 1997, it currently employs more than 1,700 members of staff in thirteen offices. Customers include Allianz, Hannover Rück, Union Investment, Westdeutsche Lotterie, Swisslos, Zurich Versicherung, DEVK, DAK and Beschaffungsamt des Bundesministeriums des Innern.



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