At the end of April 2020, Crealogix (CLX) terminated its customers' maintenance contract for the well-known CLX payment software OfficeWings as of the end of 2020. For a recommendation to its customers, CLX evaluated an alternative product for OfficeWings. In this process, the web-based magnet™ convinced with its high technological standard (SQL-DB etc.), modular price concept, scalability and user friendliness. For this reason, CLX recommended softcash ag's magnet™ for the replacement of OfficeWings.
For Release 4.2, the main focus was given to security. Consequently, the user management was comprehensively revised and extended. This included the '4-eyes principle'. In addition, an interface to the 360T trading platform was implemented.
In 2012, the company moved into its new domicile in the Business Center Sihlpark at Chaltbodenstrasse 16, 8834 Schindellegi (SZ), Switzerland.
Release 3.4 was an important milestone in the history of magnet™. With the integration of the communication tool FTX NG (Crealogix), it was possible to ensure communication with practically all Swiss financial institutions on a modern and secure platform.
After the successful field tests, the web-based magnet™ was released for sale. As one of the first companies in their sector, softcash ag offered a new business model. The SaaS (Software-as-a-Service) was based on an ASP (Application Service Provider) solution rather than the traditional software licensing model (one-time licence fees and maintenance/hotline contracts). At that time, and for many years afterwards, that business model was revolutionary.
softcash ag demonstrated their pioneering role already in 1991 with the development of a Windows software. An equally significant milestone was the start of programming of the web-based treasury application magnet™ in summer 2003.
The anniversary year was also a commercial success. The revenue per head increased by > 270,000 CHF. A dividend was distributed for the first time in the company's history.
euroCASH was subjected to a major reengineering. Turnover increased by over 36 % compared to the previous year.
With the leaving of the founding member J. Walt, the company was renamed softcash ag and new strategic direction was taken.
The hardware/network area was closed down in order to focus on the Windows treasury software euroCASH.
In spring 1992, euroCASH was released for the sale. The market launch of this Windows application was sensational because there were practically no Windows programs at the time. By the end of 1992, 10 new customers had been acquired.
Start programming the new Windows application euroCASH.
Termination of the cooperation with Fides Informatik and decision to develop an own Windows treasury application. At that time, there were actually no Windows applications.
Foundation of Walt & Partner AG with the purpose: consulting in the financial and EDP sector, production, representation and trade in software distribution and consulting of the MS-DOS treasury application Treasurer-PC from Fides Informatik AG. Sale, installation and maintenance of hardware and network installations for 'blue chips'.
