Investor Group Acquires CSK Software

A group of private Swiss industry investors has acquired all shares in CSK Software AG previously held by the CSK CORPORATION for an undisclosed amount. The group of investors was lead by Dr Thomas Wolfensberger, who in turn is a

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A group of private Swiss industry investors has acquired all shares in CSK Software AG previously held by the CSK CORPORATION for an undisclosed amount.

The group of investors was lead by Dr Thomas Wolfensberger, who in turn is a major shareholder and CEO of Swissrisk AG, a developer and vendor of Wealth Management Solutions for Private and Retail Banking. The private investors group intends to further build up the company based on its portfolio of solutions.

The new owners of the CSK Software plan to position Swissrisk as a new partner for CSK Software. Through this partnership, CSK Software will act as distributor and integration partner of Swissrisk Solutions in all markets currently served by CSK Software. Additionally, CSK Software’s connectivity and data distribution solutions will facilitate the integration of Swissrisk Solutions in heterogeneous banking environments.

Frankfurt/Main, Germany-based CSK Software AG is a vendor of business process automation solutions to the financial services industry. The company specializes in solutions for automation and management of business processes, focusing on areas such as payment inquiry, SWIFT integration, securities trading and settlement, real-time data distribution and fund management within the financial services industry.

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