Sage SA
Encyclopedia
SAGE SA is a privately held software publisher with customers in the banking and finance industries. SAGE has its headquarters in Switzerland
, and branches in Dubai
and Singapore
.
, Switzerland
and was funded by private individuals. The company started by delivering trading software and customizing ERP
for small to medium firms and for governmental institutions in the Lake Geneva
area.
In the mid-1990s, SAGE started selling software to the media industry and supporting the banking industry. The company installed its systems outside of Switzerland with banks, brokerage firms, and family offices in the Middle East
and in Northern Europe
.
In early 2000, SAGE changed its strategy by focusing on delivering front- to back-office systems catering to the financial industry. Currently, SAGE focuses on Software as a Service (SaaS)
for hosted solution
s or on-site installation. It also provides services such as system implementation, project management, and training.
In 2010, SAGE was included in both of IBS Intelligence's Wealth Management Technology Systems Market Report and Banking Systems in the Middle East Regional Guide. SAGE was also reviewed in CapGemini
’s Private Banking Systems 2005 Survey and in Celent’s Ranking the European Vendors of Wealth Management Technology 2009 Report.
SAGE is headquartered in Lausanne, Switzerland
and has branches in Singapore
and in Dubai Internet City
, UAE.
SAGE also partners with system implementation companies as well as specialists in the technology and banking industry including IBM
, HCL
, FRSGlobal, Oracle
, Matlab
, Reuters
, Telekurs and Swift.
SAGE has also fostered regional partnerships in APAC with Kapronasia in China and Ocean Technology in Vietnam.
SAGE's local partners in MENA include SBM in Saudi, GBM in UAE as well as KBM in Kuwait.
SAGE's current revenue is derived mainly from licensing, PPU/pay-per-use or SaaS/software as a service fees, installation and consulting services (including fully configurable and tested solution
s and training), professional services (including end-to-end professional project management and business process management (BPM)); and maintenance fees on installed systems.
Approximately 50% of SAGE's sales are generated outside of Switzerland.
s:
Prospero Wealth Management: a comprehensive financial solution
that provides all of the functionality necessary to run a wealth management business across all asset classes, from front office to back office, including General Ledger–without confusing interfaces and hefty maintenance.
Prospero Asset Management: an all-encompassing solution
that helps asset managers stay ahead of the curve by analyzing and trading any kind of financial instrument. Firms can compare their performance to a benchmark’s and produce detailed analytics. And because new regulations have increased the back-office burden of firms–regulations are integrated in the process and the solution
performs pre- and post-trade checks.
Prospero Fund: a complete, ready-to-use solution
that allows firms to be fully operational to especially manage and administer unlimited number of funds, unit trusts, hedge funds and investors.
Prospero Family Office: a solution
that allows independent financial advisors and family offices to aggregate accounts from different financial institutions and to trade on all products.
Prospero Trade: a solution
that lets financial professionals trade stocks, bonds, futures, options and foreign exchange online.
Prospero Optimize: a solution
that provides firms with a new approach to maximize returns and minimize losses during extreme market conditions.
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....
, and branches in Dubai
Dubai
Dubai is a city and emirate in the United Arab Emirates . The emirate is located south of the Persian Gulf on the Arabian Peninsula and has the largest population with the second-largest land territory by area of all the emirates, after Abu Dhabi...
and Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
.
History
SAGE was established in 1986 by a group of graduates from the University of LausanneUniversity of Lausanne
The University of Lausanne in Lausanne, Switzerland was founded in 1537 as a school of theology, before being made a university in 1890. Today about 12,000 students and 2200 researchers study and work at the university...
, Switzerland
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....
and was funded by private individuals. The company started by delivering trading software and customizing ERP
Enterprise resource planning
Enterprise resource planning systems integrate internal and external management information across an entire organization, embracing finance/accounting, manufacturing, sales and service, customer relationship management, etc. ERP systems automate this activity with an integrated software application...
for small to medium firms and for governmental institutions in the Lake Geneva
Lake Geneva
Lake Geneva or Lake Léman is a lake in Switzerland and France. It is one of the largest lakes in Western Europe. 59.53 % of it comes under the jurisdiction of Switzerland , and 40.47 % under France...
area.
In the mid-1990s, SAGE started selling software to the media industry and supporting the banking industry. The company installed its systems outside of Switzerland with banks, brokerage firms, and family offices in the Middle East
Middle East
The Middle East is a region that encompasses Western Asia and Northern Africa. It is often used as a synonym for Near East, in opposition to Far East...
and in Northern Europe
Northern Europe
Northern Europe is the northern part or region of Europe. Northern Europe typically refers to the seven countries in the northern part of the European subcontinent which includes Denmark, Estonia, Latvia, Lithuania, Norway, Finland and Sweden...
.
In early 2000, SAGE changed its strategy by focusing on delivering front- to back-office systems catering to the financial industry. Currently, SAGE focuses on Software as a Service (SaaS)
Software as a Service
Software as a service , sometimes referred to as "on-demand software," is a software delivery model in which software and its associated data are hosted centrally and are typically accessed by users using a thin client, normally using a web browser over the Internet.SaaS has become a common...
for hosted solution
Solution
In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
s or on-site installation. It also provides services such as system implementation, project management, and training.
In 2010, SAGE was included in both of IBS Intelligence's Wealth Management Technology Systems Market Report and Banking Systems in the Middle East Regional Guide. SAGE was also reviewed in CapGemini
Capgemini
Capgemini is a French global IT services company, one of the world's largest management consulting, outsourcing and professional services companies with a staff of 114,274 operating in 40 countries. It is headquartered in Paris and was founded in 1967 by Serge Kampf, the current chairman, in...
’s Private Banking Systems 2005 Survey and in Celent’s Ranking the European Vendors of Wealth Management Technology 2009 Report.
SAGE is headquartered in Lausanne, Switzerland
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....
and has branches in Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
and in Dubai Internet City
Dubai Internet City
Dubai Internet City is an information technology park created by the government of Dubai as a free economic zone and a strategic base for companies targeting regional emerging markets. The economic rules of DIC allow companies to avail themselves of a number of ownership, taxation and custom...
, UAE.
Employees and Partners
SAGE currently employs workers with expertise in finance and banking business analysis, project management and systems development.SAGE also partners with system implementation companies as well as specialists in the technology and banking industry including IBM
IBM
International Business Machines Corporation or IBM is an American multinational technology and consulting corporation headquartered in Armonk, New York, United States. IBM manufactures and sells computer hardware and software, and it offers infrastructure, hosting and consulting services in areas...
, HCL
HCL Technologies
HCL Technologies Limited is a leading global IT services company headquartered in Noida, India. It is primarily engaged in providing a range of software services, business process outsourcing and infrastructure services. HCL Technologies is fourth largest IT company in India and is ranked 48 in...
, FRSGlobal, Oracle
Oracle Corporation
Oracle Corporation is an American multinational computer technology corporation that specializes in developing and marketing hardware systems and enterprise software products – particularly database management systems...
, Matlab
MATLAB
MATLAB is a numerical computing environment and fourth-generation programming language. Developed by MathWorks, MATLAB allows matrix manipulations, plotting of functions and data, implementation of algorithms, creation of user interfaces, and interfacing with programs written in other languages,...
, Reuters
Reuters
Reuters is a news agency headquartered in New York City. Until 2008 the Reuters news agency formed part of a British independent company, Reuters Group plc, which was also a provider of financial market data...
, Telekurs and Swift.
SAGE has also fostered regional partnerships in APAC with Kapronasia in China and Ocean Technology in Vietnam.
SAGE's local partners in MENA include SBM in Saudi, GBM in UAE as well as KBM in Kuwait.
Growth
The company, which remains self-financed, has enjoyed constant growth since its creation and managed to remain profitable each year since inception.SAGE's current revenue is derived mainly from licensing, PPU/pay-per-use or SaaS/software as a service fees, installation and consulting services (including fully configurable and tested solution
Solution
In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
s and training), professional services (including end-to-end professional project management and business process management (BPM)); and maintenance fees on installed systems.
Approximately 50% of SAGE's sales are generated outside of Switzerland.
Products
SAGE is the developer of the Prospero suite of solutionSolution
In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
s:
Prospero Wealth Management: a comprehensive financial solution
Solution
In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
that provides all of the functionality necessary to run a wealth management business across all asset classes, from front office to back office, including General Ledger–without confusing interfaces and hefty maintenance.
Prospero Asset Management: an all-encompassing solution
Solution
In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
that helps asset managers stay ahead of the curve by analyzing and trading any kind of financial instrument. Firms can compare their performance to a benchmark’s and produce detailed analytics. And because new regulations have increased the back-office burden of firms–regulations are integrated in the process and the solution
Solution
In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
performs pre- and post-trade checks.
Prospero Fund: a complete, ready-to-use solution
Solution
In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
that allows firms to be fully operational to especially manage and administer unlimited number of funds, unit trusts, hedge funds and investors.
Prospero Family Office: a solution
Solution
In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
that allows independent financial advisors and family offices to aggregate accounts from different financial institutions and to trade on all products.
Prospero Trade: a solution
Solution
In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
that lets financial professionals trade stocks, bonds, futures, options and foreign exchange online.
Prospero Optimize: a solution
Solution
In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
that provides firms with a new approach to maximize returns and minimize losses during extreme market conditions.