About GFI Informatique

Made in France

Founded in 1970, GFI Informatique has become one of France's largest software and services providers, with more than 9,500 employees in 50 offices throughout Europe, Canada and North Africa.  From 1984 to 1991, GFI was owned by U.K. firm Scion, until Scion was purchased by EDS.  After operating as an EDS subsidiary from 1991 to 1995, GFI was reborn, thanks to a management buyout led by then CEO Jacques Tordjman.  GFI is no stranger to acquisitions. Between 1995 and 1997, it made a whopping 30 acquisitions.  The firm bought its way into the Italian, German and North American markets in the late 1990s and early 2000s; more recently, it purchased Infogen Systems, a firm specializing in enterprise resource planning; Chronotique, a time management software firm; and the consulting, business solution integration and electronic payment businesses of Conceptum.

GFI offers consulting, outsourcing and systems and solutions integration.  GFI operates in four business divisions: software solutions, consulting, outsourcing and systems integration.  Its primary areas of operation are in France, Spain, Portugal, Benelux, Switzerland, Morocco and Canada.  Its systems integration practice is by far the largest business, responsible for nearly 70 percent of the firm's annual revenue.  The consulting practice, which includes more than 200 consultants, offers services in three main areas: business organization and change management, information systems governance (including architecture, technology and security), and card systems and payments instruments.  The outsourcing business includes approximately 1,600 employees, offering outsourcing solutions for applications, infrastructure and production.  As of December 2009, GFI Informatique employed 8,906 people. 

Further flows

In January 2007, GFI shareholders approved a €56 million capital increase reserved for Itefin Participation (a holding company controlled by funds managed by Apax Partners).  GFI executives told shareholders that the capital increase and Apax's backing would provide the funds needed for organic growth and strategic acquisitions.  As part of the deal, two Apax representatives took positions on the GFI board of directors.

Having secured the capital increase, GFI went shopping.  In May 2007, it purchased Bull Portugal, the Portuguese operations of fellow French IT firm Bull SA.  Bull Portugal's client list included several major banks and financial institutions, and its services cover a complete lineup of electronic payment solutions.  It was also in 2007 when the firm signed two major solutions contracts, a time management contract with Kraft Foods and a transport management contract with the municipal government of Sarthe, France.  It also acquired its own BTD Group, a company based in Paris, in the same year.

Break it down

With the bulk of its operations concentrated in France, it's no surprise that most of GFI's earnings come from Europe.  In fact, for fiscal year 2009, out of €663.6 million of the company's total revenue, €486 million came from Europe.  GFI is busiest on its home turf, with Spain/Portugal bringing in €102.8 million, the firm's second-most lucrative region.  Systems and solutions integration provide the majority of earnings, with the remainder divided between outsourcing and consulting.  GFI works in four main industry groups: banking, finance and insurance; industry, retailing and services; government and public sector; and telecommunications and media.  Of these, retail and services is the busiest.  The public sector and banking groups followed it closely, with telecom trailing behind. 

At a later glance

GFI sold its Italian branch to Solgenia Group in 2010.  This was part of the company's strategy to focus more on its core business in the French and Spanish markets.  In April 2010, the company also disposed its GFI Informatique operating offices and its subsidiaries in Germany to Vision IT Group.  The company divesting some of its offices would equate to a lower turnout in revenue for the first quarter of 2010.  GFI's France revenue fell 5.8 percent, generating only €121.7 million.  However, its international revenue shot up 13.2 percent, which made up for its losses in France. 

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GFI Informatique

15, rue Beaujon
Paris 75008
Phone: +33 1 53 93 44 44
Fax: +33 1 53 93 44 45


  • Employer Type: Public
  • Stock Symbol: GFI
  • Stock Exchange: Euronext Paris
  • Chairman & CEO: Vincent Rouaix
  • 2009 Employees: 8,906

Key Financials

  • 2009 Income: $-58 million
  • 2009 Revenue: $664 million

Vault Company ID: 28199

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