Human Engineering AG and the oraise Group agree on the takeover of the HEAG software product
Human Engineering AG (HEAG) was founded in Winterthur in 1987 and has since been successfully offering software solutions for financial market data on the Swiss market. These include PICOS, a platform-independent and optimising multi-vendor market data contribution server, which allows market data generated in financial institutions to be accurately communicated to vendors such as Bloomberg, SIX Financial Information, Thomson Reuters and more. The oraise Group, which operates in Germany and Switzerland, is expanding its existing software product portfolio by fully taking over HEAG’s software products as of 1 April 2018, and will continue product maintenance and future expansions as well as existing support obligations. Human Engineering AG is fully handing over the software product business area to the oraise Group, and in the future will focus on its solution and consulting business areas.
“PICOS is an ideal addition to our software product portfolio. The product is already well established on the Swiss market and will enable us to achieve further growth on our target markets, including the German market. Furthermore, in the future we will be able to offer PICOS as a managed service as part of our existing service portfolio in the context of market data platforms,” says Manuel Räber – Managing Director and Owner of the oraise Group.
Urs Brunner, Managing Partner of Human Engineering AG, adds:
“I am very happy to have found a partner in the oraise Group who, through decades of experience, has acquired the necessary expertise and corresponding self-image to guarantee the highest level of quality and professionalism, and with whom I know our products and above all our clients are in good hands. Oraise’s strategic orientation and the existing and complementary software and services portfolio provide an ideal foundation for giving our products long-term prospects and strategic growth.”
About Human Engineering AG:
Human Engineering AG is a Swiss-based global technology company. It specialises in integrated financial market data solutions and has developed specialised software components for platform- and vendor-independent publication of prices and quotations. Its clients include banks, stock exchanges, market data providers and financial service providers, mostly in Switzerland.
Further information can be found at www.heag.ch
About the oraise Group:
Oraise is an independent IT services company in the European financial industry, focused on providing financial information and stock market services. Oraise offers products, services and consulting for the integration and operation of market and transaction data. Its clients include banks, stock exchanges, market data providers and financial service providers, as well as the commercial and treasury departments of large industrial and insurance companies. For over 20 years, oraise has been successfully active in these business areas as an owner-managed company. Certified according to ISO 27001 since 2017, oraise undertakes strategic outsourcing of IT systems and processes on the highly regulated financial market.
Further information can be found at www.oraise.com