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Press release

Sicap acquires Swapcom to strengthen global market position

Berne, 04 August 2006

Sicap, a leading provider of products and solutions for mobile operators, today announced that it has acquired Swapcom. The acquisition will strengthen Sicap"s position in the market as leader in the Mobile Device Management (MDM) space and extend the global offer to include solutions which facilitate business between operators and value-added service providers. Sicap and Swapcom have a total of 190 employees and achieve an annual turnover of about CHF 66 million. Sicap is a subsidiary of Swisscom Mobile, Switzerland"s leading mobile communications provider. This deal enables Swisscom to further enhance their activities in a contiguous business area.

The addition of Swapcom technology to the Sicap offer will enable the consolidation of Mobile Device Management, SMS/MMS Hub management and content management. As technologies multiply and mobile devices become increasingly sophisticated, the combined mobile software offering is in line with current trends by operators to converge and consolidate services, and as such it will have a clear competitive advantage in the market.

Sicap was one of the first mobile application providers to emerge. It was founded in 1994 as part of Swiss Telecom PTT and has since independently gained a solid reputation for cost-efficient mobile applications. Hans Theler, CEO of Sicap, said: ?Today?s announcement represents a significant step in our aim to become the leading force in the MDM market. MDM enables operators to drive new revenue opportunities, offers lower operating costs and increases customer satisfaction and loyalty. The acquisition of Swapcom will strengthen our product portfolio which already includes our successful Over-the-Air (OTA), USSD and Charging & Rating offering.?
Swapcom, a private French company funded by Spef Venture, Part?Com (managed by Iris Capital Management) and Banque de Vizille, was founded in 1999 and has achieved a number of World firsts in software design, gaining strong recognition within the telecom industry. According to Swapcom co-CEOs Olivier Gräeff, Jean-Marc Truong and Philippe Vial-Grelier, ?our technology-oriented service offer was a strong plus for Sicap and the acquisition confirms our common ambition to implement high quality, carrier-grade solutions on mobile networks around the world?.

In gaining direct access to markets in Africa and the Middle East through the acquisition, Sicap will build on its strong presence in Europe and Asia Pacific to achieve global footprint status. The combined software offer by Sicap and Swapcom will address a merged portfolio of mobile operators and service providers, including several tier-one operators like Vodafone, Telenor, Orange, O2/Telefonica, Wataniya and T-Mobile.


About Sicap

Sicap is a software company based in Bern, Switzerland that develops and provides mobile applications and network products for GSM operators. Sicap?s goal is to continuously improve and innovate by adding value through ingenuity. Since 1995 Sicap has focused on cost-effective products and solutions that minimize infrastructure upgrades, thereby ensuring a quick return on investment for our customers. Sicap provide solutions in the areas of Charging & Rating and (U)SIM & Device Management. For further information on Sicap please visit


About Swapcom

Specialized in server-side mobile architecture, Swapcom consistently delivers software solutions in line with emerging technology issues. The Swapcom approach involves remote management of devices and carrier-grade hub services as part of a user-shaped mobile multimedia solutions portfolio. Cartagena Capital advised the Shareholders of Swapcom in connection with the transaction. For further information on Swapcom please visit


Swisscom AG
Media Relations
3050 Bern