What SYSPERTEC COMMUNICATION does

Syspertec Communication (Syspertec Group) is a privately held French independent software publisher founded in 1993 and headquartered in Saint-Cloud, France. The group operates two product lines built on a 20+-year proprietary stack for on-the-fly protocol conversion between mainframe environments and heterogeneous web/IP networks. The first line, Virtel Web Suite, is a multi-module mainframe web-enablement platform for IBM z Systems covering browser-based 3270 terminal emulation (Virtel Web Access), no-code 3270-to-GUI modernization (Virtel Screen Redesigner, launched 2023), and SOAP-based web services integration with CICS/IMS applications (Virtel Web Integration). The second line, Synapse, is a KYC and RegTech data broker that aggregates legal and financial data from 500+ sources — including Banque de France, Altares/Dun & Bradstreet, Dow Jones, Refinitiv, CreditSafe, and Experian pH — to automate credit scoring, AML/Sapin 2 compliance, and third-party due diligence (extended in 2025 by the Synapse Compliance Manager portal). A third stream, TBT400/MultiTBT/TBT EDI/TBT AES (via the IPLS brand acquired in 2016) and the distributed iSecurity suite (Raz-Lee), addresses EDI, secure file transfer, and cybersecurity for IBM i (AS/400) environments.

The company sells predominantly to large enterprises — 500+ customers including BNP Paribas, Société Générale, Crédit Agricole, HSBC, American Express, Volkswagen, Toyota, Stellantis, Air France, Total, and IBM — primarily across banking, insurance, automotive, retail, services, and industry verticals in Europe, with growing direct presence in USA/Canada and a newly formalized APAC channel via Vertali (signed March 2025). The business model combines enterprise software licensing (perpetual and subscription) for Virtel and Synapse with professional services revenue from training (zAcademy, Blondeau Informatique) and mainframe consulting/implementation. Group revenue exceeded 15 million EUR by 2024, growing at 10–15% per year per subsidiary, with the group reorganized in 2023 into two operating subsidiaries — Virtel SAS (mainframe) and Synapse SAS (RegTech) — to sharpen business-line focus while centralizing support functions.

Distribution is hybrid: direct enterprise sales in France and North America, supplemented by a network of regional distributors (SDS Software in USA, Vertali in APAC, JMR Software in South Africa, TPS-data and SVA Software in Germany, Sogeti in Belgium, DBA-Sistemi in Italy) and reciprocal distribution partnerships with SDS, Raz-Lee Security, Vanguard, SSH, EPV, and Gluesync. The firm is privately held, debt-free by appearance, with no disclosed external funding, no parent company, and a registered capital of approximately EUR 6.95M; ownership and control appear to remain with the founding team and management.

Name

SYSPERTEC COMMUNICATION

Legal name

Syspertec Group

Website

https://syspertec.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

Syspertec Communication is a privately held French software publisher serving 500+ large enterprises with mainframe web-enablement (Virtel), KYC/RegTech data aggregation (Synapse), and IBM i EDI/secure file transfer (TBT) solutions across banking, insurance, automotive, and industry.

Ownership category

akta.pro rank

Product category

Mainframe Modernization Software

NAICS

Computer Systems Design and Related Services (5415), Computer Systems Design Services (541512)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming Services (7371)

akta.pro primary industry

AML/CFT & Financial Crime Compliance (FSAFAOAD)

Keywords

• Mainframe modernization software
• KYC data aggregation
• IBM i integration
• RegTech compliance solutions
• 3270 web enablement

Headquarters

HQ city

Saint-cloud

HQ country

France

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Software Licenses and Subscriptions: Software licensing for Virtel, Synapse, TBT suite products. Enterprise software sales with perpetual licenses and/or subscription models for ongoing updates and support.
2. Professional Services: Training programs through zAcademy/Blondeau Informatique, mainframe consulting, and implementation services for zHeritage offerings

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Syspertec Communication develops and sells enterprise software for mainframe modernization and RegTech compliance. Its Virtel Web Suite provides browser-based access, GUI conversion, and web services integration for legacy IBM z Systems 3270 applications, while its Synapse platform aggregates legal and financial data from 500+ sources for KYC and credit risk management. The company also distributes IBM i communication and EDI solutions (TBT400, TBT EDI, iSecurity) and provides mainframe training services.

Product overview

Syspertec Group operates as a French independent software publisher with two main product families: (1) Virtel Web Suite - a multi-module mainframe modernization platform for IBM z Systems providing browser-based 3270 access (Virtel Web Access), GUI conversion (Virtel Screen Redesigner), and web services integration (Virtel Web Integration), distributed alongside third-party solutions (Vanguard, SSH, EPV, Gluesync) and supported by zHeritage training services; and (2) Synapse - a KYC and RegTech solution providing legal/financial data aggregation from multiple sources, automated credit risk scoring, and compliance evaluation including the Synapse Compliance Manager module. The portfolio is complemented by IPLS-branded EDI and communication solutions for IBM i Systems (TBT400, MultiTBT, TBT EDI, TBT AES, TBT Web Access), iSecurity cybersecurity solutions from Raz-Lee, and SDS mainframe solutions (VitalSigns, E-Business Server). In 2023, the group restructured into Virtel SAS and Synapse SAS subsidiaries to better focus each business line.

Differentiator

Problem solved

Functional benefit

Brands

• Virtel Web Suite: Mainframe z Systems access, modernization and integration software solutions for 3270 applications
• Synapse
• IPLS
• zHeritage
• zAcademy
• Virtel Screen Redesigner (VSR)
• Synapse Compliance Manager (SCM)

Products and services

• Virtel Web Suite Multi-module mainframe modernization platform for IBM z Systems providing browser-based thin-client access to 3270 applications, no-code conversion of green screens to web GUIs, and web services integration. Sold to enterprise IT teams that need to modernize access to legacy mainframe applications without replacing core systems.
• Synapse Legal and financial data broker that aggregates information from 500+ sources for KYC processes, credit risk management, and third-party compliance evaluation. Automates credit scoring, decision-making, and onboarding workflows for banks, insurers, and other regulated institutions.
• Synapse Compliance Manager (SCM) Portal designed for global assessment of third parties that supports Sapin 2 compliance, due diligence requirements, financial risk analysis, and CSR maturity evaluation. Used by compliance teams at banks and corporates.
• TBT400 Native IBM i file transfer solution supporting multiple protocols including AS2, EBICS, SFTP, PeSIT, and Odette FTP with full traceability and encryption. Sold to enterprises that need secure automated B2B communication from IBM i systems.
• MultiTBT Multi-site version of TBT400 for centralizing all business flows with a DMZ architecture and protocol break for enhanced communication security on IBM i environments.
• TBT EDI Multi-protocol any-to-any EDI translator for IBM i enabling file transformation between international standards including EDIFACT, XML, ANSI X12, VDA, GALIA, and TRADACOMS.
• TBT AES Integrated solution combining TBT400 and TBT EDI for complete communication and EDI translation management in IBM i environments.
• TBT Web Access 5250 emulation solution in thin client mode for TCP/IP web access to IBM i applications, replacing heavy clients with easy deployment.
• iSecurity (Raz-Lee) Complete cybersecurity and compliance suite for IBM i servers including multi-factor authentication, field encryption, PGP encryption, firewall, anti-ransomware, anti-virus, SIEM/DAM integration, and audit/compliance management. Distributed by Syspertec in European markets.
• IPLS Brand (IBM i Solutions) French software brand developing communication and EDI tools for IBM i Systems (AS/400). Provides automated, secure data transfers and native EDI translation under a complete packaged offer for IBM i servers.
• z/Heritage Mainframe Services Training and support services for IBM z Systems platforms that help companies preserve legacy applications and develop new mainframe expertise. Includes tailor-made training programs and management services for z/OS environments.
• zAcademy Mainframe Training Personalized mainframe training programs for z/OS environments combining basic training, mentoring, and skills transfer from senior to junior staff. Targets enterprises facing mainframe skills shortages.

Quantifiable outcome

• Turn your mainframe system & applications agile
• +3 more outcomes

Named customers67 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration26 records

AI capability5 records

Feature5 records

Partnerships

38 partnerships are on record, tiered regional distributor, core distributor, technology partner, core distribution, strategic partner, software distribution, technology integration, training partner and data provider.

• Vertali APACregional distributorChannel Partner/ Reseller/ Distributor · 3 March 2025Partnership announced March 2025 to expand Virtel distribution in the Asia-Pacific region. Vertali serves as exclusive APAC distributor for Virtel products.
• SDS Softwarecore distributorChannel Partner/ Reseller/ DistributorSyspertec Group distributes SDS solutions (VitalSigns, E-Business Server) in European market (except Italy). SDS distributes Virtel in USA market.
• JMR Softwareregional distributorChannel Partner/ Reseller/ DistributorSouth Africa-based distributor for Virtel products in African market.
• TPS-dataregional distributorChannel Partner/ Reseller/ DistributorGermany-based distributor for Virtel products.
• Sogetiregional distributorChannel Partner/ Reseller/ DistributorBelgium-based distributor for Virtel products.
• DBA-Sistemiregional distributorChannel Partner/ Reseller/ DistributorItaly-based distributor for Virtel products.
• IBMtechnology partnerTechnology or IntegrationApproved IBM System z Development Partner and member of IBM Destination z Community. Provides tools to test and develop solutions on mainframe environments.
• Kyndryltechnology partnerTechnology or IntegrationStrategic technology partner for mainframe solutions integration.
• 21cstechnology partnerTechnology or IntegrationTechnology partner integrating Syspertec technology into their own software solutions.
• Raz-lee Securitycore distributionChannel Partner/ Reseller/ DistributorSyspertec distributes Raz-lee Security's iSecurity suite for IBM i in European markets. Partnership announced February 2019.
• CTMSstrategic partnerTechnology or IntegrationLeader in identity and documentary fraud solutions for KYC processes. Partnership announced October 2019 for combined compliance offerings.
• Insoft Infotel Software GmbHstrategic partnerChannel Partner/ Reseller/ DistributorPartnership announced March 2021 to provide secure access to business-critical mainframe applications for the anywhere workforce.
• Vanguardsoftware distributionChannel Partner/ Reseller/ DistributorSecurity solutions distributed by Virtel including penetration testing and security audit automation.
• SSHsoftware distributionChannel Partner/ Reseller/ DistributorSSH key mapping and lifecycle management solutions distributed by Virtel.
• EPV Technologiesoftware distributionChannel Partner/ Reseller/ DistributorPerformance management, capacity planning and metrology solutions for z/OS distributed by Virtel.
• SVA Softwaresoftware distributionChannel Partner/ Reseller/ DistributorGerman mainframe software solutions distributor and partner.
• Gluesync (MOLO17)technology integrationTechnology or IntegrationReal-time data replication solution connecting NoSQL databases with traditional SQL systems, integrated with Virtel offerings.
• Interskilltraining partnerImplementation/ SI/ Consulting PartnerTraining partner for IBM systems education alongside Blondeau Informatique.
• Global Knowledgetraining partnerImplementation/ SI/ Consulting PartnerGlobal training partner for mainframe education programs.
• LearnQuesttraining partnerImplementation/ SI/ Consulting PartnerTraining partner for IBM systems education.
• European Mainframe Academy (EMA)training partnerImplementation/ SI/ Consulting PartnerMainframe Academy Germany - training partner for z/OS environments education.
• Banque de Francedata providerTechnology or IntegrationData provider for Synapse KYC platform - provides FIBEN, FCC, FICP, FNCI data files.
• Altares (Dun & Bradstreet)data providerTechnology or IntegrationBusiness data provider for Synapse KYC platform.
• Ellisphere (former Coface)data providerTechnology or IntegrationCredit risk and business data provider for Synapse KYC platform.
• CreditSafedata providerTechnology or IntegrationCredit data provider for Synapse KYC platform.
• Dow Jonesdata providerTechnology or IntegrationFinancial and business intelligence data provider for Synapse KYC platform.
• Refinitivdata providerTechnology or IntegrationFinancial data provider for Synapse KYC platform.
• Acurisdata providerTechnology or IntegrationBusiness intelligence and compliance data provider for Synapse.
• Infogreffedata providerTechnology or IntegrationFrench company registration data provider for Synapse KYC platform.
• Infolégaledata providerTechnology or IntegrationLegal data provider for Synapse KYC platform.
• Score et Décisionsdata providerTechnology or IntegrationCredit scoring and decision data provider for Synapse KYC platform.
• Resocomdata providerTechnology or IntegrationData provider for Synapse KYC platform.
• Flatirons Jouvedata providerTechnology or IntegrationDocument dematerialization and data extraction provider for Synapse.
• L'Argusdata providerTechnology or IntegrationInsurance data provider for Synapse KYC platform.
• Aaa-datadata providerTechnology or IntegrationData provider for Synapse KYC platform.
• Ariad Nextdata providerTechnology or IntegrationIdentity and document verification data provider for Synapse KYC.
• Cadeniadata providerTechnology or IntegrationData provider for Synapse KYC platform.
• Inovaticdata providerTechnology or IntegrationData provider for Synapse KYC platform.

Scale indicators4 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• LexisNexis Risk Solutions: Global provider of KYC, AML, sanctions, and entity-resolution data and analytics. Overlaps with Syspertec's Synapse in KYC/compliance data aggregation, scoring, and due diligence workflows, but with deeper regulatory and AML coverage.
• Refinitiv (LSEG): Global financial data, KYC, and World-Check AML provider (a Synapse data partner). Comparable to Synapse on the KYC data source side and increasingly on integrated KYC workflow tooling, with much greater scale and global coverage.
• Micro Focus (OpenText): Acquired Micro Focus and now offers mainframe modernization, connectivity, and enterprise application development tools. Overlaps directly with Syspertec's Virtel and mainframe integration offerings as part of a much larger software portfolio.
• BMC Software: Large incumbent offering mainframe operations management, automation, and workload automation (BMC AMI). Comparable to Syspertec's Virtel in targeting IBM z Systems environments but across a much broader product portfolio.
• Dun & Bradstreet: Global business data and credit information provider (also integrated into Synapse via Altares). Comparable to Synapse's KYC data aggregation role at a much larger scale and broader geographic coverage.
• Software AG: Enterprise integration, API management, and mainframe-to-modern connectivity vendor. Comparable to Virtel's mainframe/web services integration capabilities and Synapse's data orchestration, but at significantly larger scale.
• Moody's (Bureau van Dijk): Owner of Bureau van Dijk, providing business data and KYC/AML solutions at global scale. Directly comparable to Syspertec's Synapse platform as a legal/financial data aggregator serving KYC and compliance use cases, but with a vastly larger data and customer footprint.

Direct peers

• Rocket Software: Independent mainframe software vendor offering modernization, connectivity, and DevOps tooling for IBM z Systems. Directly comparable to Syspertec's Virtel Web Suite as a niche mainframe-modernization specialist serving similar enterprise customer profiles.
• Encompass Corporation: Specialist KYC automation platform focused on corporate KYC, ultimate beneficial owner discovery, and regulatory onboarding. Direct peer to Synapse's KYC and third-party assessment use cases, particularly for banking customers.
• Heirloom Computing: Specialist in migrating and modernizing mainframe COBOL/CICS applications to cloud-native Java. A more disruptive alternative to Syspertec's Virtel approach (rehost vs. web-enable) targeting the same enterprise mainframe modernization buyer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/VirtelWeb
• LinkedInlinkedin.com/company/syspertec-communication
• Xx.com/SysperTec

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SYSPERTEC COMMUNICATION