Swisscom IT Services acquires majority stake in Sourcag

The previous owners, BKB and BLKB, still hold a 20 percent stake each. Together with Comit, its subsidiary specialising in banking, Swisscom IT Services is moving into the area of Business Process Outsourcing (BPO) and thus expanding its service portfolio for the financial sector. Sourcag will be run as an independent subsidiary of Swisscom IT Services and Beat Lehmann will continue as Chief Executive of the company, which is based in Münchenstein. Eros Fregonas, a member of the Swisscom Group Executive Board, will serve as Chairman of the Board of Directors. The objective is to expand the company's current strong position and range of services in the banking sector and become Switzerland's leading provider of back-office services for banks.