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The inspiration to establish a new enterprise came about in 1980 when the Zurich Stock Exchange issued an inquiry to distribute data from 24 terminals to 600 stock exchange trader screens. With an ingenious idea and the unrestrained will to offer a perfect solution, Hubert Wey developed the first monochrome video matrix - technically unequalled at the time - within only 6 months. This project marked the beginning of WEY’s success story. But growth and profit were never top priority for Hubert Wey. The primary objective of the founder was to establish a small yet highly specialized company focusing on trading room solutions for banks. The first milestone in the history of the WEY Group was the foundation of WEY Elektronik AG by Hubert and Marlise Wey.
The products and solutions which Hubert Wey produced exclusively for banks were constantly being adapted and improved upon to keep up with progress being made in PC technology as well as new applications in financial trading. This proved to be the secret behind the young company’s success. The clever entrepreneur always sought direct contact to his clients as it was his belief that this was the only way to create needs-based, customized solutions. His goal was to provide a full range of professional services from development to production, sales, installation and maintenance from a single source.
WEY Elektronik AG developed the first monochrome monitor in 1984, followed by high-resolution twisted pair data transmission lines in 1986. From 1988 onwards, a series of RGB video converters made the company famous far beyond Switzerland’s borders. With Mario Okle and Armin Klingler, who joined the company in 1993 and 1995 respectively, WEY's organization was reinforced to manage future challenges.
Mario Okle and Hubert Wey soon saw the opportunity to penetrate a niche market with an innovative new product. A major bank based in Zurich was completely reequipping its trading room. Mario Okle and Hubert Wey had analyzed competitor products and then designed a video switch system of their own, combining all the advantages of systems available on the market into one single product. Recalling the start of a fantastic success story, Mario Okle explains, "Our solution was half the size and half as expensive as the rival systems. But it only existed on paper. Looking back, it was sheer madness to offer a product at that stage".
Trader workstations now boast between two and eight screens, displaying information from a wide array of different systems and sources. WEY products make it possible to quickly and comfortably control up to 8 monitors with one keyboard and mouse, and distribute data signals between various users. Via a single fibre optic cable, desks can be linked to workstations located in a separate room. The trader is able to switch between PC applications, TV, information or trading systems at the push of a button. Thanks to the rigorous exchange with clients and the constant development of products, the WEY Group is able to offer integrated systems for optimal trader workstations and security control centers, in addition to unique and specialized applications in the health care and infotainment segments.
Starting in 1996, an international sales and marketing organization with subsidiaries all over the world has been established under the name WEY Technology. In parallel, the company's product range has been developed and expanded continuously.
Today and tomorrow
Today, the WEY Group is the world’s leading provider of highly integrated traders’ workstations. But WEY is also increasingly focusing on command and control centers for the security, utilitie, transportation and aviation segments. The list of customers includes many of the world’s leading banks. Since the management buyout in 2003, the WEY Group has been owned in equal shares by Mario Okle and Armin Klingler. The Group encompasses WEY Technology AG in Unterengstringen, Switzerland as well as numerous, rapidly growing service, sales and marketing organizations the world over. The product range is undergoing continuous development and is being expanded to include further innovative solutions. The result is a global workforce of 125 engaged people, all committed to facing new challenges.
Last updated 2015