Swisscom IT Services to take over Conextrade business activities
23 October 2002
In order to bundle the e-business competence and market positioning in the Swisscom Group, Swisscom IT Services Ltd will take over the business activities of Conextrade AG from 1 January 2003.
Conextrade AG, a 100% subsidiary of the Swisscom Group, has been operating as an independent company in the field of "electronic trade between businesses" since the year 2000. Conextrade has developed from a horizontal marketplace to a comprehensive provider of B2B integration solutions and a specialist in e-procurement solutions. The solutions portfolio comprises XML applications, catalogue solutions and EDI technologies.
The integration of the business into Swisscom IT Services Ltd will take place on 1 January 2003 and will necessitate structural changes. The detailed plan is currently being drawn up. Conextrade currently has 69 employees.
Swisscom IT Services to bundle IT competences within the Swisscom Group
By taking over the business activities of Conextrade, Swisscom IT Services is enabling a targeted expansion of its position as a provider of e-commerce solutions. Swisscom IT Services was created in September 2001 from the merger of Swisscom's IT unit and AGI IT Services AG. Swisscom IT Services Ltd is a major Swiss IT full service provider in which Swisscom holds a 71.1 percent stake and AGI Holding 28.9 percent. The company has around 2,300 employees at 19 locations in Switzerland.