Swisscom is set to be the sole owner of Swisscom IT Services Sourcing AG (previously Sourcag AG). In 2009, Swisscom IT Services acquired 60% of the company's shares and therefore the majority interest. The two minority shareholders, Basler Kantonalbank and Basellandschaftliche Kantonalbank, are now selling their respective 20% shares to Swisscom. The parties involved have agreed not to disclose details of the purchase price.
The full takeover has allowed Swisscom to press ahead with its plans to expand the leading processing centre for banks in Switzerland and evolve into the only independent full outsourcing provider for Swiss financial institutions. Marcel Walker, Head of Banking at Swisscom, sees this as being an important step forward: "Establishing a clear distinction between the service provider and the customer is of crucial importance for an industrial solution. This is the only way in which an outsourcing partner can ensure that all customers are on an equal footing."
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