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POSITIVE DEVELOPMENTS HAVE MANY DIMENSIONS<br />
&
PRESS RELEASE<br />
PRESS CONTACT<br />
Anna Thesseling<br />
Telefon +49 (221) 888 26 - 375<br />
Anna.Thesseling@convista.com<br />
<strong>ConVista</strong> and Faktor Zehn are planning to merge<br />
Cologne, 02.12.2011 It h<strong>as</strong> been announced that <strong>ConVista</strong> Consulting AG, the SAP consulting<br />
house from Cologne, and Faktor Zehn AG, the IT service company from Munich,<br />
intend to merge under the umbrella of <strong>ConVista</strong> Consulting AG.<br />
From this strategic move, both independently owned companies intend to significantly<br />
improve their service portfolio and market positions.<br />
The Convista Group is already a leading international player in both process and IT consulting<br />
for the energy, financial services and telecommunications sectors. After the merger<br />
with Faktor Zehn, they will be at the forefront of the market – especially in the field of<br />
‘SAP for Insurance’.<br />
Faktor Zehn AG, also specializes in Java and Open Source Solutions. It will continue to offer<br />
in-house standard applications and consulting services <strong>as</strong> an independent subsidiary<br />
of <strong>ConVista</strong> Consulting AG under the label ‘Faktor Zehn’. All SAP services will be incorporated<br />
into the ‘<strong>ConVista</strong>’ brand.<br />
P<strong>as</strong>t collaborations between the two companies have proved successful and have displayed<br />
the benefits that will be gained by existing and future customers.
<strong>ConVista</strong> ConSulting AG<br />
Faktor zehn AG<br />
As a SAP AG Service Partner and Special-Expertise-<br />
Partner, <strong>ConVista</strong> is an international consulting company<br />
specialising in the organizational and technical<br />
integration of standard software. Our portfolio<br />
of services is underpinned by our competences in<br />
processes, technology and methodology. Our consulting<br />
services focus on the insurance and utilities<br />
sectors, but we also have numerous clients in the<br />
telecommunications, banking, commerce, and the<br />
car industry. From a technological point of view our<br />
services are b<strong>as</strong>ed around the ERP and industry solutions<br />
from SAP <strong>as</strong> well <strong>as</strong> ALICE/msg.PIA.<br />
As an international consulting firm we support our<br />
clients across borders. This allows us to provide<br />
optimal consulting expertise locally. For this re<strong>as</strong>on,<br />
<strong>ConVista</strong> h<strong>as</strong> offices across the globe: with<br />
our headquarters in Cologne, we also have offices<br />
in Munich and Walldorf. Our international branches<br />
are located in Europe, USA, Africa and Asia.<br />
Faktor Zehn AG is a recognised specialist for IT in<br />
the insurance sector. The company w<strong>as</strong> founded in<br />
2004 and h<strong>as</strong> since become a reliable partner for<br />
SAP and Java-b<strong>as</strong>ed software solutions, employing<br />
close to 100 highly qualified experts.<br />
Due to their focus on the insurance sector, Faktor<br />
Zehn h<strong>as</strong> been able to combine years of well-founded<br />
industry knowledge with excellent IT know-how<br />
and methodical expertise to the benefit of their<br />
clients. Their main focus lies on the are<strong>as</strong> of inventory<br />
ma-nagement, product development, and sales<br />
& service systems.<br />
The company culture of Faktor Zehn is b<strong>as</strong>ed on<br />
premium quality, open and fair conduct, transparency,<br />
creativity, and the fun factor of a job well<br />
done – a perfect recipe for success and optimised<br />
performance!<br />
Faktor Zehn AG is a recognised specialist for IT in<br />
www.<strong>ConVista</strong>.com<br />
www.Faktorzehn.de