x1F acquires BI consulting firm accantec – Expansion of the business intelligence division

Growth for x1F: The investment strengthens x1F’s technological excellence in the areas of business intelligence, data management and AI.

Founded in 2002, the accantec Group employs around 70 experts who support companies in regulated markets in the strategic use of data. The focus is on business intelligence (BI), enterprise resource planning (ERP) and modern AI technologies such as large language models (LLM). Its customers include well-known banks and insurance companies.

Focus on connecting elements between technology, data and expertise

“We are delighted to welcome the BI experts from accantec to x1F. Together, we will expand our solution portfolio and be able to respond confidently to customer needs – in terms of expertise, technology and personnel. The additional AI expertise we are gaining through accantec is particularly exciting,” says Thomas Steiner, CEO of x1F.

“The collaboration creates strong synergies. Together, we can expand our capabilities, scale solutions and implement large projects even better,” adds Kai Stavenhagen, member of the Executive Board at accantec. “The medium-sized structure of x1F provides us with the framework to grow together and further expand our position in the financial sector.”

With the acquisition of accantec, x1F is strengthening its position as an end-to-end provider for the financial industry – while also recognising the ever-growing importance of data-driven business models for its customers.