On 1 January 2009, SCHUFA Holding AG took a 25.1 percent stake in tolina Holding GmbH. Banks can now benefit from this new cooperation: The goal of both companies is to optimize existing software products for savings banks and to enter new customer groups such as private and cooperative banks.
SCHUFA and tolina will jointly enhance their product portfolio, enabling banks to integrate SCHUFA information completely into their business processes. This integration supports the user in benefiting from SCHUFA data more effectively. In addition, new products will be developed according to individual customer needs. The tolina-product portfolio will also be adapted to the needs of other market segments such as private and cooperative banks. The agreed sales cooperation enables both companies to serve existing customers even better according to their needs and to win new customers.
About tolina Holding GmbH: Since 1988 tolina develops complex software systems for banks. Today, almost every second German savings bank has implemented one or more of tolina’s applications. The company, headquartered in Berlin, has more than 220 customers and 80 employees.
About SCHUFA Holding AG: The SCHUFA Holding AG is the leading information and service partner for the lending industry in Germany. The company offers its customers, such as banks and retailers, with credit-relevant information, a decision support for lending. For consumers modern buying thereby becomes easily, quickly and efficiently possible. In 2007 the SCHUFA achieved revenues amounting to around EUR 89.1 million and employed 768 staff.
Corporate Finance Partners acted as adviser to tolina-Group and its shareholders.