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Sopra Steria, a European big tech firm, in collaboration with IDEMIA, the leader in identity technologies, has secured a contract to revamp the French government's fingerprint management system, crucial for criminal investigations and convictions. This project, FAED V3, aims to enhance system performance and interoperability with EU police systems, boosting law enforcement capabilities. Sopra Steria's expertise in software and contract services, combined with IDEMIA's biometric software development, promises a robust and high-performance solution.
Their successful past collaborations on strategic projects highlight their unrivaled biometric know-how. This new endeavor underscores their commitment to supporting French government departments and advancing law enforcement technologies. With a workforce of around 55,000 employees across nearly 30 countries, Sopra Steria specializes in consulting, digital services, and software development, driving digital transformation for clients worldwide.
On the other hand, IDEMIA, as the global leader in identity technologies, endeavors to unlock the world safely through cutting-edge R&D and expertise in biometrics and cryptography. With a focus on ethical and socially responsible solutions, IDEMIA secures billions of interactions daily across physical and digital realms. The company's impact spans over 180 countries, trusted by numerous governmental organizations and enterprises.
As of December 31, 2022, Sopra Steria Group reported its liquidity contract with ODDO BHF SCA, showing significant increases in share and cash holdings compared to June 30, 2022. The liquidity account included 20,442 shares and cash of €4,079,214.79. During the second half of 2022, a total of 146,036 shares worth €20,304,338.2 were purchased, while 138,445 shares worth €19,333,652.5 were sold. The liquidity account began with no shares and €180,000 in cash at the agreement's inception on May 31, 2006.
Sopra Steria Group has disclosed crucial shareholder information as of 30 November 2022. The total number of shares is 20,547,701, with a theoretical number of voting rights at 26,560,132. However, the number of voting rights that can actually be exercised stands at 26,462,288. This announcement complies with French regulations regarding transparency in shareholder communications.
Sopra Steria has signed a share purchase agreement to acquire Assua NV and its subsidiaries, Tobania NV and Python Predictions BV. This strategic move aims to establish a leading position in the Belgian digital services market, enhancing Sopra Steria's market share to over €200 million. Tobania, with 650 employees, is expected to generate €110 million in revenue in 2022, primarily from the financial services sector. The acquisition, pending approval from the Belgian Competition Authority, aligns with Sopra Steria's strategy to strengthen its position in key European markets.
Sopra Steria Group has announced the share and voting rights information as of 31 October 2022. The company has a total of 20,547,701 shares and a theoretical number of voting rights amounting to 26,561,472. The number of voting rights that can be exercised is 26,484,193. This announcement complies with the French Commercial Code and the regulations of the French financial markets authority.
Sopra Steria Group announced share buyback transactions conducted on November 3 and 4, 2022. A total of 2,035 shares were purchased at a daily average price ranging from €128 to €130. The details include specific transactions executed through broker ODDO & CIE, indicating a focus on employee shares. The buyback aligns with regulatory requirements set by the Directive of Commission Regulation (EC) No. 596/2014, demonstrating the company’s ongoing commitment to managing its share capital efficiently.
Sopra Steria Group reported Q3 2022 revenue of €1,216.9 million, reflecting a 9.0% total growth and 7.7% organic growth year-on-year. This strong performance was attributed to robust demand in areas like digital transformation and defense. The company has raised its full-year organic revenue growth target to around 7%, up from 5% to 6%. Key markets included aeronautics, defense, and transport, with notable performance in France and the UK. However, Sopra Banking Software experienced a 6.5% revenue decline.
Sopra Steria has reported that Axway Software will dispose of a product not aligning with its strategic goals. This disposal will incur a non-recurring, non-cash expense of €75-85 million for Axway, impacting Sopra Steria's net profit from associates by €24-27 million (32% stake). However, this event will not influence the group's cash position or the proposed dividend for the 2022 financial year. The next financial release is scheduled for October 28, 2022, which will cover Q3 2022 revenue.
FAQ
What is the significance of the FAED V3 project for the French government?
What are Sopra Steria and IDEMIA's roles in the FAED V3 project?
What previous successful projects have Sopra Steria and IDEMIA collaborated on?
What does Sopra Steria specialize in?
What is IDEMIA's mission as a company?
How many employees does IDEMIA have, and where is it trusted?
What is the core focus of IDEMIA's technologies?
Where can more information about Sopra Steria and IDEMIA be found?
What role does Sopra Steria play in developing the French fingerprint management system under the FAED V3 project?
What strategic advantages do Sopra Steria and IDEMIA's collaboration bring to the FAED V3 project?
