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Lang & Schwarz and P3 establish “P3 finance GmbH” joint venture

Lang & Schwarz Aktiengesellschaft and P3 group GmbH, an independent and internationally active management consulting and software development company with more than 1,500 employees and headquarters in Stuttgart, have jointly founded P3 finance GmbH at the end of 2022. The business activities of P3 finance GmbH initially comprise the operation of the communication system on the Lang & Schwarz (LS) Exchange.

“With the LS Exchange, we have been able to establish a new exchange specifically for retail customers. The technical basis – the heart of the exchange – is of extreme importance for shaping the future of this rapidly growing market. The challenge here was to develop our own high-performance software that could be adapted for the future. It was quickly clear to us that we have found a strong partner for this in the team of P3. Now it is only logical to establish the operating company together. It is obvious that this can also be a foundation of new innovative solutions for the financial industry in the future”, says Carsten Lütke-Bornefeld, Managing Director of Lang & Schwarz.

“As P3, we are creating an important strategic step into the financial industry with the new joint venture,” continues Dr. Christoph Theis, Founder and Managing Director of P3 Group GmbH. “Our IT specific know-how as software developer and service provider is paired with the knowledge of regulatory and stock exchange requirements of the financial industry.”

“With P3 group GmbH we have a very competent partner at our side. Particularly in view of the ever-changing technical and regulatory requirements, we will be able to act quickly, which is a significant competitive advantage,” adds Torsten Klanten, the board member responsible for IT at Lang & Schwarz.

Together, the joint venture develops a tailored, high-performance communication system that is capable of meeting the complex demands of the future while remaining flexible and adaptable.