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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

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