Swissrisk AG and Imagnos AG (formerly CSK Software) have merged to create a medium-sized European software group taht aims to serve the financial services industry.
The new company, which is called Swissrisk – Financial Systems, employs 120 people in 5 offices in Europe. It aims to offer a portfolio management, trading and payments, asset management, custody and customer relationship management applications.
“Through the merger and additional investments in high profile industry executives, we have reinforced our commitment in the German, Swiss, Spanish, Benelux and UK markets, which will lead to improved service levels for our clients,” says Dr. Thomas Wolfensberger, Managing Director Swissrisk. “Customers will benefit from more integrated product solutions that are easier to deploy, and yield a shorter time to market. This in turn will result in lower total cost of ownership with higher overall Return on Investment.”
“Universal challenges that confront every banking institution require individualized solutions to allow banks to differentiate service offerings and lower costs,” adds Vice President, Investment Banking Andreas Wagner. “But big integration projects often fail to deliver the value expected. That’s where our business experience and advanced technology can make a real difference for business as well as IT managers, looking for better ways to realize their own bank’s objectives.”
“Our combined solutions offering reflect the group’s strong core competencies,” says Miguel Angel Villalonga, Managing Director. “These (solutions) extend from high value front office productivity solutions, based on modern web technologies, to robust and proven high-availability Straight-Through-Processing architectures. The new company can now readily execute complex projects through its internationally experienced professional services organization.”
Headquartered in Zurich, Swissrisk AG has offices in Frankfurt, Madrid, Luxembourg, and London.