[2] As a result, banks have tended to buy in modern comprehensive software from large, specialist firms.

[5] In 2013, the group expanded its presence in Germany by entering into a cooperation with quirin Bank,[6] acquiring Höll Computer & Software GmbH and establishing Avaloq Sourcing (Deutschland) AG, based in Berlin.

[8] In November 2019, Reuters reported that Warburg Pincus was working with Goldman Sachs and Barclays on a planned IPO or sale of Avaloq.

It has annual revenues of over $500 million and its software accounts for bank deposits to the sum of $4 trillion.

[1][12][13] Apart from a 10% holding by a Swiss bank, Avaloq is owned by its employees, and it has major offices in Zürich, Edinburgh and Manila.

To proactively guard against cyber attack, Avaloq engages a number of companies based in Israel to attempt to break through the security systems and then help plug the vulnerabilities uncovered.