Swisscom to acquire Entris Operations
Swisscom is finalising its acquisition of financial institution, Entris Operations, from RBA Holding and Berner Kantonalbank.
The acquisition is expected to secure additional processing volume for the company, and boosts Swisscom’s experience in business process outsourcing (BPO).
“Swisscom is continuing to strengthen its processing centre and is driving the industrialisation of banking,” said Andreas König, CEO of Swisscom IT Services.
“The acquisition of Entris Operations sees Swisscom IT Services continue to pursue its strategy as a leading sourcing partner for the financial sector.”
Entris Operations is headquartered in Gümligen, Switzerland, and Swisscom will retain this site for future operations.
The acquisition is expected to be finalised at the end of the month, and Entris Operations will change its name to Swisscom as of July 2013.
The Swiss operator will also take on 220 Entris Opertions employees.
Financial details of the deal have not yet been disclosed.
In March this year, Swisscom partnered with Akamai Technologies for the development of its content delivery, web applications and cloud security.