Surecomp Acquires DOS Dialog Orientierte Software GmbH
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Hamburg, Germany - September 21, 2010 - Surecomp Inc., a world leader in the development and licensing of wholesale banking solutions announced today that it has acquired Hamburg based DOS Dialog Orientierte Software GmbH (DOS), a long-established German banking software vendor.
DOS founders, Mr. Jochen Oberländer and Mr. Klaus Schmelzeisen, will remain with the company and take on new expanded roles within the Surecomp organization.
Explaining the thinking behind the move Klaus Schmelzeisen commented "Jochen and myself realized that to best serve our clients and employees we needed to position DOS and its products with a strong global operation. When the opportunity to join the Surecomp organization presented itself, we realized that we had found the ultimate partner. Surecomp has an unrivaled reputation for customer support and product enhancement. The financial strength of Surecomp provides long-term security and stability to DOS customers worldwide. We have every confidence that the combined operation will best serve everyone - DOS customers and employees - in the years to come."
Surecomp Chairman, Joel Koschitzky commented "Surecomp and DOS both share an entrepreneurial spirit and a heritage of innovation and creativity. We are both fully committed to our employees and our customers. This is a unique opportunity to continue that spirit and to leverage the combined operations. There is tremendous synergy between our organizations and professionals. "
Jochen Oberländer added "I am especially excited about the product opportunities. I am confident that DOS clients will be interested in Surecomp's allFAC factoring solution. I am equally enthusiastic about the opportunity to offer DocX globally and leverage the Surecomp support base."
DOS Dialog Orientierte Software GmbH (DOS) will be renamed Surecomp DOS GmbH and remain in its Hamburg and Cologne offices.
Market Advisory Services (MAS) of Spring Lake, New Jersey advised Surecomp. MAS is an international advisory boutique specializing in commodities, energy and financial information technology. MAS has advised on more than 60 transactions including capital raising, acquisitions and divestitures.
About Surecomp®
Surecomp is a leading provider of global trade solutions for the financial services community. Established in 1987, Surecomp is a market pioneer with a proven track record delivering innovative solutions to major banks and financial services providers worldwide. With a global network of regional offices and state-of-the-art development centers, Surecomp successfully supports hundreds of installations in over 70 countries. Surecomp's integrated portfolio of trade finance, receivables management and treasury confirmation matching solutions streamlines the transaction lifecycle to minimize costs and maximize profits. For additional information, visit www.surecomp.com.
Surecomp's full-range of award-winning solutions will be showcased later this year at Sibos 2010, which is to be held in the Netherlands on October 25-29, 2010, at the Amsterdam RAI convention center. 2010 will mark the 20th consecutive year that Surecomp has exhibited at the annual Sibos event. Guests at Sibos 2010 are invited to visit Surecomp at booth A239, see our products and meet with the Surecomp team.
Surecomp
Murray Freeman
Marketing Communications Manager
Tel: 1 201 217 1437
e-Mail: marketing@surecomp.com
