NAVAX was founded by Oliver Krizek, who recognized early on the potential of digitizing business processes—initially around Microsoft Navision and later on the Microsoft Dynamics platform. Over the years, the company built a loyal customer base founded on deep implementation expertise and an exceptional understanding of business processes.
NAVAX quickly applied this process expertise to the financial services industry. Banks, leasing providers, and financial institutions required software that could do more than support complex core processes—it had to integrate them end to end, from quotation and credit workflows to contract and billing management. The result is a software platform deeply embedded in customers’ day-to-day operations, securely processing business-critical data and serving as a core operational system.
At the same time, significant growth opportunities emerged across both business units. On the software side in particular, Oliver Krizek deliberately sought a partner with deep software expertise and a proven track record of scaling founder-led businesses—both to strengthen the go-to-market organization and to support strategic acquisitions.
From our perspective, NAVAX stood out from day one as a mission-critical software provider with exceptional customer loyalty and a strong reputation in a highly regulated market. A major milestone followed in 2022 with the acquisition of Munich-based afb Application Services, transforming NAVAX from a leading Austrian provider into the market leader for financial services software across the DACH region.