About CSoft

On steep roads, there are no traffic jams

CSoft was founded in November 1991 as a private commercial company with a seat in the city of Varna.

The significant socio-political changes that began after November 10, 1989, created a favorable economic environment for young entrepreneurs eager to become successful by pursuing new ideas.

During the period of 1991-1996, Bulgarian banking system went through significant changes. The information technology sector was developing rapidly, too. However, the company managed to withstand the unstable market conditions by preserving its affinity toward innovation and providing tailored solutions to its clients. For CSoft, this was a time of intensive growth: the company moved to a new spacious office; the number of employees grew; the number of product installations exceeded 1000 and already covered the entire territory of the country.

From a technological point of view, the software developed by the company, evolved from 16-bit DOS applications to 64-bit, multi-thread applications with a multi-tier client/ server architecture and graphical user interface (GUI).

Experience, relations to clients and initial success not only motivated the exploration of new challenges but also established the key characteristics of the company’s products: innovation, integration, security, efficiency, and functionality.

The following four years have been a time for technological and functional novelties. CSoft created a centralized system for real-time intra-bank transfers, a centralized securities trade system using a standard SQL database, Oracle, and an Internet-based remote banking system.

At the beginning of the new millennium CSoft faced new, even greater challenges. In the banking sector processes of privatization and consolidation have been in progress. Many Bulgarian banks adopted foreign software products. Information system centralization was a key task for each financial institution. Knowledge and experience gained from successfully completed projects, as well as innovative thinking and creativity of the company’s team, have been crucial to the subsequent success of the company. CSoft succeeded to create a new system based on the idea for a fully integrated database. In terms of functionality, the company developed and implemented successfully new ideas and introduced some innovative objects: a financial center, a shared customer information file, a unified credit register, etc. A complete technological renovation was performed as well: all of the company’s customers have been using a standard SQL database as a DB Server; a unique CSoft development was implemented allowing parallel operation of several application servers; for the purpose of increasing operational speed a proprietary technology for the maintenance of system cache at application server level was introduced.

OUR TEAM

The company owes its success mostly to the efforts of its well-balanced, united, motivated and enthusiastic team of professionals. Engineers, mathematicians and economists – highly educated young individuals, who perceive the act of programming not only as a profession, but also as a challenge, a vocation, and a hobby, and they are devoted to it – entirely and willingly. Searching, knowing and capable. Committed to the company’s philosophy, united by common values, fascinated by the magic of creation.

Completed projects

During the years, the efforts of this well-balanced and united team have been rewarded with a series of professional achievements regarding the successful completion of a number of complex innovative projects:

2017

1996

Postbank and NeftInvest bank use a centralized system for intra-bank real-time transfers

1997

A centralized securities trade system, based on a standard SQL database – Oracle, is adopted by Postbank

1999

Postbank’s customers are able to use a product for online banking – RemoteBank

2000

Cooperation with Corporate Bank starts with a new version of the banking system, based on the idea of full centralization

2001

CSoft becomes a Microsoft Certified Partner

2002

A unique in-house developed solution enabling parallel server operation is adopted by Postbank, where in the process of data centralization, during the period from May till November, the volume of processed data grows immensely: the number of entries in the customer index exceeds 900 000, and the analytical account entries reach…

2003

Postbank is migrated to MS SQL. Within one calendar year, such migration is completed for all of CSoft’s customers

2004

A multifunctional Internet-based remote banking system is adopted by Corporate Bank

2005

For a period of only six months, a project for full centralization of Municipal Bank and implemetation of CSoft’s products is completed

2006

CSoft’s quality management system is certified according to ISO 9001:2000

2007

The project for centralization and migration of DZI Bank’s information system is completed successfully. A new, even greater challenge is following: in relation to the legal merger procedure of Postbank and DZI Bank, a project for consolidation of both banks’ information systems is acomplished in extremely short terms

2008

A CSoft IT solution is successfully adopted by the National Guarantee Fund EAD

2009

A specialized peripheral system for analysis, evaluation and classification of risk exposures and for calculating the size of the necessary provisions to cover credit risk has been completed. Its application successfully passes tests and covers the requirements within the Microsoft partner program “Platform Test for ISV Solutions”

2010

An innovative company application has been adopted, providing optimization of the bank customer services by means of most up-to-dated technical devices: Touch Screen monitors, electronic pens, specialized scanners, card readers, etc.

2011

According to an assignment of an international hedge fund, based in the United Kingdom, a new product for investment portfolio management has been developed and adopted – Portfolio Investment Management System (PIMS)

2012

Migration to Unicode is implemented, which enables storing and retrieving of data in the national language of each user. This, in fact, makes CSoft’s solutions applicable all over the world, without any restrictions related to user language

2013

Two banks of the TBIF Financial Services B.V. group adopt the IT solutions of CSoft. In March begins the migration of TBI Bank – Romania, and in August completes the one of TBI Bank – Bulgaria

PARTNERS

During the years, CSoft has proved its professionalism and technological experience, in confirmation of which, it is a Microsoft Certified Partner since 2001, and Microsoft Gold Certified Partner since 2007.

The CS Risk Management System product has passed tests and meets the requirements for the following:

• Windows Server 2008 R2 Platform Ready – Works with Windows Server 2008 R2;
• 
Windows 7 Platform Ready and compatible with Windows 7;
• 
SQL Server 2008 R2 Platform Ready

Participation in the Microsoft partner programs is another guarantee of the quality and high technological level of the products and services offered by the company.