Sofico Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS TOP 500 Market Report

Sofico Strengths, Domain Expertise, and Key Differentiators

Sofico’s core strength lies in the unparalleled flexibility of its Miles Enterprise Platform, a cloud-based solution that supports unlimited contract types and seamless business process management. With over 35 years of industry expertise, the company serves a global clientele across 27 countries, managing contracts worth over $100 billion. Its modular microservices architecture ensures scalability and 24/7 availability, while a customer-centric approach, supported by ten global offices, enables tailored solutions. This combination of technological innovation and localized support solidifies Sofico’s leadership in automotive finance, leasing, and mobility management software.

Many finance, leasing, and fleet & mobility management companies worldwide utilize Sofico's industry applications to adapt to changing mobility needs. The cloud-based contract management platform, Miles Enterprise, serves as a foundation for daily operations, and Sofico's suite of modules aids mobility service providers in enhancing service levels and developing new commercial offerings.

Sofico Recent Developments

Sofico has expanded its footprint in the automotive finance and mobility software space by enhancing its cloud-native Miles Enterprise platform to address emerging use cases such as EV leasing, flexible subscription models, and on-demand vehicle access. The company’s entry into the North American market with a new office in Dallas targets rising regional demand for personalized digital experiences and mobility solutions. Sofico’s adoption of a modular microservices architecture supports real-time data integration, continuous availability, and elastic scalability, enabling advanced analytics and laying the foundation for future applications involving machine learning and AI.

Sofico Mergers and Acquisitions (M&A) Activities

In November 2023, Sofico announced a strategic partnership with Astorg, a Pan-European private equity company, along with its current financial partner Apheon. Astorg will take a 51% stake, aiming to support Sofico's long-term development strategy focused on sustainable growth, innovation, and customer engagement, with the goal of turbocharging product development and expanding business outreach across regions.

Sofico Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Sofico applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Sofico and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Miles Enterprise customers.

Sofico Key Enterprise and Cloud Applications

Miles Enterprise

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Sofico Direct vs Indirect sales

Sofico Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Sofico Customers

No. of Sofico Customers: 60

No. of Sofico Enterprise Applications Customers: 60

No. of Sofico Cloud Customers: x

No. of Sofico Cloud Subscribers: x

Sofico supports over 60 customers across 30 countries and four continents, delivering solutions for both B2B and B2C use cases in corporate leasing, retail finance, and fleet management. Clients include organizations such as Banque PSA, Volkswagen Pon Financial Services, AlphaCredit, EFL Autoleasing AG, and Ichinen Holdings. With offices in regions including the U.S., Japan, and Australia, the company provides localized support to address diverse regulatory and operational requirements, reflecting the adaptability of its platform across global markets.

Sofico Market Opportunities, M&A and Geo Expansions

Sofico is positioned to benefit from trends such as mobility-as-a-service, autonomous driving, and electric vehicle adoption, with its cloud-native platform enabling support for car subscriptions, on-demand mobility, and expanded digital touchpoints through mobile apps and APIs. The company is targeting growth in regions like the U.S. and Asia-Pacific, while leveraging AI and machine learning for predictive analytics and operational efficiency. The acquisition of Car Systems extends Sofico’s reach into short-term rental markets and strengthens its presence in France and southern Europe. Additionally, a partnership with Connective has introduced electronic signature functionality to the Miles platform, building on existing collaboration around digital document management.

Sofico Risks and Challenges

Sofico's global presence across 27 countries introduces exposure to regulatory variation, geopolitical risks, and operational challenges tied to time zone differences and centralized decision-making from its Belgium headquarters. These factors may affect responsiveness and local market alignment. The pace of technological change, especially in areas like AI and autonomous vehicles, requires sustained investment to maintain platform competitiveness. As Sofico expands internationally, it must navigate regional complexities in customer behavior, compliance, and infrastructure, while managing increasing competition and margin pressures in the mobility software sector.

Sofico Ecosystem, Partners, Resellers and SI

Sofico operates within a connected ecosystem built on technology integrations and partnerships that extend the functionality of its Miles platform. Collaborations with providers like Connective enable digital document management and electronic signatures, streamlining enterprise workflows. The company maintains a distributed international footprint with offices in regions including Mexico, Germany, the UK, Belgium, France, the Netherlands, Japan, Australia, and the U.S., supporting localized operations. Partnerships such as the one with JATO Dynamics provide real-time vehicle data to leasing companies, aligning with market needs for personalized digital experiences, flexible mobility options, and data-driven decision-making across geographies.

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: