CPU Softwarehouse AG

ots Ad hoc-Service: CPU Softwarehouse AG

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    Augsburg (ots Ad hoc-Service) -      

    Co-operation with SYSTOR AG, Zurich, ensures marketing of CPU software in Switzerland and Liechtenstein.

    Represented by its 100% subsidiary ISMC AG, Kreuzlingen, CPU Softwarehouse AG has concluded a co-operation agreement with SYSTOR AG. This agreement concerns the realisation of sales and implementation duties for the CPU-C5 financial software by SYSTOR AG, in Switzerland and the Principality of Liechtenstein.

    The SYSTOR Group is one of the major independent IT contractors in Europe, focussing overwhelmingly on the requirements of the financial market. The group employs over 1900 staff at ten locations in Switzerland, Germany, Great Britain and the USA. SYSTOR provides business-oriented computer science consultancy, sophisticated solutions and numerous other services. SYSTOR AG customers include Credit Suisse and Morgan Stanley Capital International.

    The co-operation with SYSTOR AG enables CPU Softwarehouse AG to establish its standard software CPU-C5 in Switzerland and Liechtenstein - two significant and globally operating financial locations. According to the Swiss Banking Association statistics from February 2000, the Swiss banking sector covered roughly 400 banks in 1998, with a balance sheet total of more than 2050 billion Swiss Francs.

    CPU Softwarehouse AG continues its successful internationalisation strategy with this co-operation agreement.

    Compiled by: Kay Schleef Director of Strategic Marketing, M&A Further information can be found under: www.cpu-ag.com

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