BSB (Business Solutions Builders)

Type	Private (Euronext: BSB)
Founded	1995
Founder(s)	Jean Martin, Michel Isaac, Marc Van Steenwinkel
Headquarters	Louvain-La-Neuve (Brabant Wallon), Belgium
Key people	Chief Executive Officer Jean Martin, Chairman of the Board Michel Isaac; Chief Financial Officer Miguel Danckers
Industry	Computer software Consultant
Products	Soliam, Solife, IDIT
Revenue	▲ 21.764 M € (2008)[1]
Operating income	▲ 1.594 M € (2008)[1]
Profit	▲ 616 k € (2008)[1]
Total assets	18.584 M € (2009)[1]
Owner(s)	JM Consulting 23.81 %; Michel Isaac 23.81 %; Marc Van Steenwinkel 23.81 %; UFG Private Equity 8.84 %; Miguel Danckers 7.95 % (august 2009)
Employees	220 (end of 2008)
Subsidiaries	BSB France, BSB Luxembourg, BSB Ireland
Website	www.bsb.com

Business Solutions Builders, abbreviated BSB, is a Belgian multinational corporation specialized in software publishing and IT services.

BSB’s main target is the financial sector. This sector includes banks, insurance companies, asset management and holdings.

Contents 1 History 1.1 Foundation 1.2 IPO 2 Organization 2.1 Business activities 2.2 Board of directors 2.3 Executive Committee 3 Financial results 4 See also 5 Notes and references

[edit] History

[edit] Foundation

BSB was created in 1995 by 3 IT-consultants acquainted with the banking business :

• Jean Martin
• Michel Isaac
• Marc van Steenwinkel

These three people are still important key-members of the company (see below).

The BSB headquarters are located in Louvain-la-Neuve (Belgium) since 1995. In 1996, a first subsidiary was created in Luxembourg (Grand Duchy of Luxembourg), followed in 2001 by a second one in Paris (France). A third subsidiary was created in 2009 in Ireland.

[edit] IPO

In 2008 BSB went public by realizing an IPO^[2] in order to bring in capital.

Milestones :

• Approval of the prospectus by the CBFA^[3] : June 3, 2008
• Opening of the Offering : June 9, 2008
• Closing of the Offering : July 14, 2008

[edit] Organization

The following pieces of information can be obtained in the company’s annual report^[4]

[edit] Business activities

BSB has developed its activities around several business units :

• Software development
  • Soliam, software for asset management : integrated back-to-front and front-to-back solution for the management of financial assets.
  • Solife, software for insurance companies : complete solution for the management of life insurances.
  • Bank Suite^[5], software for banks : solution for the back office management of securities.

• Development of tailor-made solutions :
  • multi channel portal (transactional Internet portals for brokers and clients)
  • data warehouse business, ...

• Consultancy
  • Audit of organizational and operational processes
  • Writing of specifications
  • Project steering, ...

• SAP Services
  • BSB assists its clients in selecting the SAP solution that best meets their situation, adapts it to their specific needs and carries out its implementation.

• IDIT Services (specially designed for the non-life activities of insurance companies)
  • As a preferred IDIT partner, BSB integrates and interfaces the IDIT^[6] software.

[edit] Board of directors

The mandates of the members of the board listed below will expire in 2013 ^[4] :

• Michel Isaac, Chairman
• Jean Martin, Managing director
• Marc Van Steenwinkel, Director
• Vincent Werbrouck, Independent director
• Pierre De Muelenaere, Independent director

[edit] Executive Committee

• Jean Martin is Chairman of the Executive Committee (CEO). He is in charge of the commercial and European strategy.
• Miguel Danckers is Chief Financial Officer (CFO).
• Johann Blanpain is Human Resources Director.
• David Valembois is General Director of BSB Belgium.
• Marc Van Steenwinkel is Director of the units Factory (which develops the BSB software packages) and Process and Technology (R&D).
• Joël Wozniak is General Director of BSB Luxembourg.
• Paul Massart is Director of the unit Market & Product Strategy (which includes marketing and communication as well as pre-sales).
• Eric Lippert is Director of the international development of BSB.

[edit] Financial results

BSB continues its constant growth despite of the crisis on the financial markets as a result of the September 11 attacks and the recent subprime crisis which has affected the insurance sector (see figures in table below).

The growth strategy of this multinational corporation has been reinforced by its IPO (see above) which has allowed the company to bring in capital and continue its investments. According to BSB, one of the major challenges of this company is to be always at the pinnacle of new developments^[7].

Turnover and Staff

	2001	2002	2003	2004	2005	2006	2007	2008
Turnover (in M €)	15,812	15,019	13,519	15,604	17,300	16,245	16,900	21,764[1]
Staff[8] (at December 31)	152	135	135	175	172	144	175	220

[edit] See also

BSB’s main products are :

• Soliam
• Solife

[edit] Notes and references