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Press release

Swisscom IT Services and Comit join forces to become a leading IT service provider to the Swiss financial sector

13 September 2005

Swisscom IT Services AG and Comit AG are merging their expertise and their activities in the banking sector. Swisscom IT Services will purchase all shares in Comit for around CHF 60 million. As from 1 January 2006, Comit AG will be run as an independent subsidiary of Swisscom IT Services and will take over the Financial Services business unit. The newly formed company will employ around 420 staff, generating annual revenue of around CHF 200 million, and thus becoming a leading provider of IT services to the Swiss financial industry. Urs Buner will be Chief Executive Officer (CEO) of Comit, and Michael Shipton will be Chairman of the Board of Directors.

Swisscom IT Services and Comit are combining their strengths. Future services will focus on implementation, operation and application management of integrated banking solutions. Services such as consulting, project management, development and maintenance of individual software, workplace management, and infrastructure services in computing centres will also be strengthened. The consulting, project business and application management side will be handled by Comit's own resources, while computing centre services will be provided by Swisscom IT Services.

"I am certain that the strategic partnership with Comit AG will help us to reinforce and develop our position as one of the leading IT service providers for the Swiss financial sector," says Jens Alder, CEO of Swisscom, in reference to the merger. In future, customers will benefit from comprehensive expertise along the whole value chain. The new company will continue to develop its strengths as a competent partner for large IT projects.

 

Management continuity is guaranteed

When the companies merge their activities, around 200 Swisscom IT Services employees from the Financial Services business unit will be brought together with around 220 Comit employees. The company will thus employ approximately 420 staff and will generate annual revenue of around CHF 200 million.

Management continuity is guaranteed: the Executive Board of the new company will now include three representatives of Swisscom IT Services. The successful partnership-based management model currently in place at Comit will also be retained. Urs Buner will be CEO of the new Comit AG. He has been a member of the Comit Executive Board since 1993, and in 2000 he and his partners took over the Comit Group through a management buyout.

 

Ambitions at home and abroad

Under the umbrella of Swisscom, the Comit brand and its focus on the financial sector will create the basis for sustained competitive strength and long-term commercial success. The new Comit has ambitious goals, and wants to expand on its position as the number one IT provider to the Swiss financial sector. In its new and strengthened form, Comit aims to build a leading position as an application services implementer and service provider to the Swiss banking industry. Over the next few years, the company also aims to achieve above-average growth, and is looking to consolidate its position in international business as an implementer of banking platforms.

 

Management team 

Comit (new)   Previous function
Chairman of the Board of Directors Michael Shipton Swisscom IT Services, CEO (continues)
CEO Urs Buner Comit, partner and member of the Executive Board
Member of the Executive Board Michel Döringer Swisscom IT Services, Head of Business Line Financial Services
GL-Mitglied Heiner Eichenberger Comit, partner and member of the Executive Board
Member of the Executive Board Beat Grimm Swisscom IT Services, Head of Business Lines and member of the Executive Board
Member of the Executive Board Bernard Hofmann Swisscom IT Services, Head of Business Development Financial Services
Member of the Executive Board Johs Höhener Comit, partner and member of the Executive Board
Member of the Executive Board Jürg Rebsamen Comit, partner and member of the Executive Board
Member of the Executive Board Marcel Walker Comit, partner and member of the Executive Board
CFO Stefanie Bobst Comit, Head of Finance and Accounting
Locations in Switzerland: Zurich (Head Office), Basel, Freiburg, Geneva, Lucerne, St. Gallen, Weinfelden
Locations abroad: Frankfurt am Main, Vienna

Kontakt

Swisscom AG
Media Relations
3050 Bern

media@swisscom.com