Backbase named Visionary in Gartner’s Magic Quadrant for Horizontal Portals, 2011

Positioning reflects the foresight of Backbase’s lean portal approach

01 NOVEMBER 2011, AMSTERDAM, THE NETHERLANDS
Summary
Backbase has been included in the Visionary Quadrant of analyst firm Gartner Inc.’s, Magic Quadrant for Horizontal Portals, 2011. This culminates a year of growing momentum for the company in the global portal market.
Backbase, the Bank 2.0 specialist, today announced it has been named a Visionary in analyst firm Gartner Inc.’s, Magic Quadrant for Horizontal Portals, 2011. This culminates a year of growing momentum for the company in the global portal market.

According to Gartner, “Visionaries in this year’s Magic Quadrant demonstrate a firm grasp of emerging customer needs and the potential impact of new technology.”

Backbase CEO Jouk Pleiter said: “We are honored to be recognized by Gartner with a placement in the Visionary Quadrant. We consider this a validation of our hard work, particularly over the last year, to deliver an easy to use and quickly implemented portal solution to our customers.”

Backbase gained a significant number of premier customers in the financial services sector as well as several important implementation partners in 2011. Backbase has also focused on geographic expansion to better serve its growing global customer base. Over the last 12 months Backbase signed 18 large enterprise deals, expanded its North America presence with an new office in New York City and released version 5.0 of its Portal Suite.

Backbase differentiates itself in the industry with a lean Portal solution that is based on Widgets and Web Oriented Architecture design patterns. Customers praise its quick deployment capabilities and its ability to enable easy portal management by e-business professionals, as well as, customers.

About the Magic Quadrant:
The Magic Quadrant is copyrighted 2011 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at, and for, a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leader’s” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability for fitness for a particular purpose.



Quotes
"We are honored to be recognized by Gartner with a placement in the Visionary Quadrant. We consider this a validation of our hard work, particularly over the last year, to deliver an easy to use and quickly implemented portal solution to our customers." Jouk Pleiter, Backbase CEO
Spokespeople
About Backbase

Backbase is a fast growing fintech software provider that empowers financial institutions to accelerate their digital transformation and effectively compete in a digital-first world.

We are the creators of the Backbase Omni-Channel Banking Platform, a state-of-the-art digital banking software solution that unifies data and functionality from traditional core systems and new fintech players into a seamless digital customer experience. We give financials the speed and flexibility to create and manage seamless customer experiences across any device, and deliver measurable business results. We believe that superior digital experiences are essential to stay relevant, and our software enables financials to rapidly grow their digital business.

More than 80 large financials around the world have standardized on the Backbase platform to streamline their digital self-service and online sales operations across all digital touchpoints. Our customer base includes Al Rajhi Bank, ABN AMRO, Barclays, CheBanca!, Credit Suisse, Fidelity, Hapoalim, HDFC, Hiscox, ING, KeyBank, Legal & General, NBAD, OTP, PZU, PostFinance, Societe Generale de Banque au Liban and Westpac.

Industry analysts Gartner, Forrester and Ovum recognize Backbase as an industry leader in terms of omni-channel banking platform capabilities, and award the company high marks for its deep focus on customer experience management and unparalleled speed of implementation. Forrester named us a leader in the Forrester Wave for Omni-Channel Banking.

Backbase was founded in 2003, is privately funded, with headquarters in Amsterdam (HQ Global) and Atlanta (HQ Americas) and regional operations in London, Mumbai and Singapore.

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