LBS IT

What LBS IT does

LBS IT Informations-Technologie GmbH & Co KG is a German IT services company that develops, maintains, and operates specialized building society (Bausparkassen) software on behalf of the five Landesbausparkassen within the Sparkassen-Finanzgruppe. The company was established in 1998 as a joint venture of the state building societies and is headquartered in Berlin, with branch offices in Kiel and Münster. Its customer base is the five LBS entities — LBS NordWest, LBS NordOst, LBS Hessen-Thüringen, LBS Saar, and LBS Süd — for which it provides shared, domain-specific Bausparkassensoftware covering the regulatory, contractual, and operational core of the building society business model.

Name

LBS IT

Legal name

LBS IT Informations-Technologie GmbH & Co KG

Website

https://lbs-it.de

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

1–10 employees

Short description

LBS IT Informations-Technologie GmbH & Co KG, founded 1998, jointly develops and operates Bausparkassen (building society) software for the five Landesbausparkassen within Germany's Sparkassen-Finanzgruppe, headquartered in Berlin with offices in Kiel and Münster.

Ownership category

akta.pro rank

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations

Distribution channels2 records

Marketing channels3 records

Core offering

LBS IT is the shared IT services entity for the German Landesbausparkassen (state building societies). It jointly develops, maintains, and operates Bausparkassensoftware (building society software) on behalf of its five shareholders (LBS NordWest, LBS NordOst, LBS Hessen-Thüringen, LBS Saar, LBS Süd), enabling the full Bausparvertrag (building savings contract) lifecycle from contract initiation through savings accumulation to loan disbursement.

Product overview

LBS IT operates as a unified software solutions provider serving the Landesbausparkassen (German state building societies). The company delivers and maintains a single core product: specialized Bausparkassensoftware (building society software) that powers the Bausparen (building savings) business operations across all participating Landesbausparkassen. This software enables the full lifecycle of Bausparvertrag (building savings contract) products, supporting contract management, savings accumulation phases, and loan disbursement processes. As a shared-services IT organization established by the Landesbausparkassen in 1998, LBS IT focuses on delivering and operating these software solutions rather than offering distinct product modules or separate platforms.

Differentiator

Problem solved

Functional benefit

Products and services

• Bausparkassensoftware (Building Society Software)

Quantifiable outcome

• 35% market share in German building societies
• +5 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Landesbausparkassen (LBS NordWest, LBS NordOst, LBS Hessen-Thüringen, LBS Saar, LBS Süd)coreStrategic or Co-development Partner · 1 January 1998LBS IT was founded in 1998 as a joint venture (Gemeinschaftsunternehmen) of all Landesbausparkassen (state building societies). The founding shareholders are the five German state building societies. LBS IT's mission is to jointly develop, maintain, and operate Bausparkassensoftware (building society software) for all participating members, creating shared synergy effects across the group.
• Sparkassen-Finanzgruppe (Savings Bank Financial Group)coreStrategic or Co-development PartnerAs 'Bausparkasse der Sparkassen' (building society of the savings banks), LBS works closely with the Sparkassen-Finanzgruppe in consulting, sales, and communication. The Sparkassenverbund is committed to comprehensive, human-centered, and fair financial advice. The group employs ~287,000 people and is the largest trainer in the financial sector. LBS products are accessible through ~10,600 Sparkassen branches.
• Deka (DekaBank)minorStrategic or Co-development PartnerDeka is one of the strategic partner companies within the Sparkassen-Finanzgruppe financial network, alongside LBS and public insurers.
• Öffentliche Versicherer (Public Insurers)minorStrategic or Co-development PartnerThe public/regional insurers are part of the Sparkassen-Finanzgruppe ecosystem, alongside LBS and Deka.
• Deutsche LeasingminorStrategic or Co-development PartnerDeutsche Leasing is one of the partner companies within the Sparkassen-Finanzgruppe financial network, alongside LBS.

Scale indicators8 records

Recent moves5 records

Expansion highlights1 record

Direct peers

• PPI AG: German IT services firm specialized in financial services and insurance. Comparable to LBS IT as a domestic German IT partner serving regulated financial institutions with mission-critical core systems.
• Atruvia AG: IT services joint venture for the German cooperative banking sector (Volksbanken/Raiffeisenbanken). Like LBS IT, it operates as a sector-specific shared IT entity owned by multiple member banks, providing core banking platforms and digital services to a German public-law-style financial network.
• Finanz Informatik GmbH & Co. KG: Central IT service provider for the German Sparkassen (savings banks), operating as a joint entity within the same Sparkassen-Finanzgruppe ecosystem as LBS IT. Mirrors the same institutional-shared-IT model for a much larger savings-bank constituency and is the closest structural analog to LBS IT for building societies.

Broad incumbents

• adesso SE: German-headquartered IT services provider with a dedicated banking and insurance business line. Competes for the same type of regulated financial-sector digitalization projects that LBS IT performs for the Landesbausparkassen.
• Sopra Steria GmbH: European IT services group with a dedicated financial services practice serving banks and insurance carriers. Comparable as a large-scale incumbent addressing regulated financial-sector IT and digital transformation needs in Germany.
• T-Systems International: Deutsche Telekom's enterprise IT subsidiary with large German banking and public-sector contracts. A broadly comparable incumbent delivering IT infrastructure and application services to regulated domestic financial institutions.
• msg systems AG: Large German IT services and consulting group with substantial banking and insurance sector exposure. Competes for financial-services IT mandates in Germany at a broader, multi-vertical scale than LBS IT's narrow Bausparkassen focus.

Regional players

• SNT Deutschland GmbH (formerly SD&C): German IT services firm with a strong focus on Sparkassen and other public-sector banks, providing core and adjacent banking software. Directly comparable in customer-base overlap with the Sparkassen-Finanzgruppe ecosystem that LBS IT serves.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/lbs-it

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 LBS IT