Colvir Software Solutions was established in Great Britain as a software company with its business focus in the development, implementation and support of end-to-end integrated solutions designed to automate the core business, financial and administration activities of banks, post offices, other enterprises and public finance institutions.
The company mission is to deliver state-of-the-art end-to-end solutions to support the effective development of the customers’ business.
Over the years since its establishment the company has developed and brought to market products for banks (Colvir Banking System), post offices (Colvir Postal System), enterprises (Colvir Enterprise Suite) and public finance institutions (Colvir Public Finance). Using the above products as the basis, the company has achieved over the past decade successful implementation of over 400 projects. According to IBS Journal, in 2011 the company was among the TOP-20 worldwide as to the number of banking system implementations completed during the year.
The company has consistently demonstrated a steady financial growth since its establishment. In 2010 and 2011 Colvir Software Solutions appeared on the Deloitte TOP-500 list of the fastest growing companies in the EMEA Region.
Colvir Software Solutions has subsidiary and related companies in UAE (Colvir EDP Solutions), Cyprus, Russia, Kazakhstan and other countries. The group head office is located in London with sales offices in London, Dubai, Karachi and Moscow. The company embraces the distributed R&D laboratory paradigm with R&D labs located in different countries such as Pakistan, UAE, Latvia, Russia, Belarus and others. The company has a total of 12 R&D laboratories employing highly skilled and experienced professionals: analysts, consultants, software architects and programmers. Each of the leading experts employed by the company has over 20 years of experience in the fields of financial analytics and financial services software. Some of them, including those who were instrumental in establishing the company, originally came from the Price Waterhouse Coopers environment. The Company’s total headcount is over 2,000 employees.
The company is currently doing business in over 20 countries. In the banking industry it has been most successful in Kazakhstan (30% of the banking sector servicing over 70% of all financial flows) and Turkmenistan (60% of the banking sector). The list of the company’s large clients includes UniCredit, ZiraatBank, Deutsche Bank, ING, Standard Chartered Bank, JP Morgan Chase, Credit Lyonnais Securities (Asia), First Capital ABN AMRO Equities, Habib Bank, ANZ Grindlays Bank, Halyk Bank of Kazakhstan, Kazakhstan Post Office, Azerbaijan Post Office, Central Bank of Turkmenistan and many others.
As of 2012 the company is offering consulting services in the areas of business process optimization and risk management. Besides conventional licensing of its products the company is also offering its own and partner products on Software as a Service basis leveraging Cloud Computing technologies.