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Wincor Nixdorf takes majority stake in Prosystems, extends bank-outsourcing portfolio
April 21, 2008
PADERBORN, Germany — Wincor Nixdorf AG has assumed a majority stake and the operative management of prosystems IT GmbH, an IT services company based in Bonn, Germany.
According to a news release, Wincor Nixdorf's majority stake acquisition is retroactive to Jan. 1, and aims to push Wincor Nixdorf's outsourcing-portfolio expansion for IT-operations management within retail banking.
"We've seen that the trend toward outsourcing and automation in retail banking continues," said Wincor president and chief executive Eckard Heidloff. "We're strengthening our outsourcing portfolio with prosystems IT. We already have customers in this area, but we want to attract additional banks with our portfolio so that we can continue to grow."
For Wincor Nixdorf, the move marks the company's second joint venture specializing in the operational management of IT for branch-related processes.
Prosystems IT was created in 2004 when the IT operations of two savings banks, Stadtsparkasse Köln and Kreissparkasse Köln, merged with the subsidiary of the now amalgamated Sparkasse Bonn and Kreissparkasse Siegburg, PROSERVICE GmbH, and with the SDZ Sparkassen-Dienstezentrum, a savings-bank service center.
The participating Sparkassen have outsourced large parts of the operational management of their IT to prosystems IT. Prosystems has 223 employees and had sales last fiscal year of approximately 43 million euros.
In the future, Wincor Nixdorf will hold a 51-percent stake in Prosystems. The remaining interests will be held by Kreissparkasse Köln, Sparkasse KölnBonn and SDZ Sparkassen-Dienstezentrum, which itself is the subsidiary of the savings banks Verbandssparkasse Goch, Sparkasse Wiehl, Stadtsparkasse Wermelskirchen, Stadtsparkasse Bad Honnef and Kreissparkasse Düsseldorf.
Prosystems provides the operation of decentralized IT infrastructures from networks to IT workstations to telecommunications systems. The company's primary business fields include managed services (standardized services for the operation of IT systems and infrastructures), project management, project performance and the in-house development and sales of customized software solutions. Wincor Nixdorf may build upon those offerings in the future.
"With this second majority stake in an outsourcing joint venture in Germany, we're expanding our position as a specialized provider of IT services for financial institutions," said Heidloff. "This is part of the targeted implementation of our concept of offering IT solutions for the optimization of branch processes in retail banking, solutions that encompass all the necessary steps in modernization, from consulting to operation."
Banking Executive SummaryNorth AmericaPublic CompaniesATM HistoryOutsourcingBank SecurityConsultingOtherBank / Credit UnionBranch TransformationWincor Nixdorf International
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