Zurich-based Parexa, a leading management consultancy boutique, has become the latest firm to be appointed an Avaloq Special Service Partner. Founded in 2005, the company focuses primarily on the financial services sector, providing its clients with full life-cycle support on organisational changes through sustainable solutions matched to specific requirements.

Since its founding, Parexa has successfully supported Avaloq in a wide variety of implementation projects, process and cost optimisation initiatives, and feasibility studies both in Switzerland and internationally.

With its recent acquisition of AST, a specialized testing suite, Parexa will ensure that Avaloq client environments are tested in a highly automated and cost-efficient manner.
Parexa will combine its testing product offering with its long-standing testing expertise to provide Avaloq clients with a comprehensive quality assurance solution.

“Avaloq and Parexa share a common interest in future-proofing banks, and our partnership provides a foundation to increasing value for clients. We look forward to taking our relationship with Avaloq to the next level,” said Beat Frischmuth, Executive Director & Owner, Parexa.

Thomas Beck, CTO, Avaloq, said: “Parexa has rightly developed into a leading consultancy, helping its clients capitalise on new prospects and transformative technologies. We are delighted to welcome the team into the Avaloq Community and look forward to supporting mutual growth opportunities in a fast-changing world.”