Equatex is an international service provider for the management and administration of employee incentive and compensation programs. Equatex andrion was involved in establishing a new subsidiary in the UK, which will be supervised by the UK regulator.

The task: After Switzerland, Germany and the USA had already been established as legally and technologically successful local legal entities, the last milestone in the implementation of the international footprint was the establishment of the London presence. The challenge: As each country has its own legal and compliance-relevant framework conditions, Equatex needed a partner who could support it in technical, i.e. financial and process-related issues, as well as on the level of IT system adaptation through to the migration of customer data.

andrion supported Equatex at two central points: Firstly, a suitable banking infrastructure had to be set up and the customers migrated from the existing platform to the new one.

Secondly, the portfolio of services was to be expanded immediately and the new services, such as a trust solution, mapped in the IT. andrion initially supported Equatex as a specialist for IT project management and customer migration management. In a second step, andrion also demonstrated its competence in the conception and specification of the new offering.

All Equatex London clients are now operational on the new platform. The high speed that andrion set during the migration saved Equatex considerable costs, as the old platform could be switched off all the sooner.

andrion also offered added value not only in IT project management, but also as a consultant for product management and strategy. The cooperation between the two companies, which dates back to the year Equatex was founded, has once again paid off.