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Business & Decision increases its presence in Switzerland by acquiring a 28% share in Integrated Solutions
Business & Decision, the European consulting and data engineering company specialising in Business Intelligence, Customer Relationship Management and e-Business, today announced the acquisition of a 28% share in Integrated Solutions, the Swiss consultancy company.
Founded in 1999 in Geneva and still owned by its founders, Integrated Solutions is well known in the field of Business Intelligence, Systems Integration and Application Support and Maintenance (notably in Supply Chain Management and Enterprise Resource Planning). With over 50 consultants and highly qualified experts, Integrated Solutions recorded a turnover of €3.1M in 2003, with a profit of €0.3M. For 2004 the turnover is expected to be in the region of €4.5M.
Integrated Solutions has significant experience in the financial, pharmaceutical and service sectors, and holds many clients in the banking sector as well as companies like Serono (biotechnology) and SGS (certification services). The company has technological expertise in Ascential Software, Cognos, Hyperion and Informatica - who are all existing long term partners of Business & Decision in Europe.
Business & Decision is a significant shareholder for Integrated Solutions, and will include the results in their consolidated accounts on a proportional basis.
Business & Decision's Presence in Switzerland
The Business & Decision Group has had a presence in Switzerland since March 2000, when a subsidiary was established in Zurich. It now has a dozen staff and recorded a turnover of €1.0M for the financial year ending June 2004. In Switzerland the Group has provided Business Intelligence, Customer Relationship Management and e-Business services for companies such as Credit Suisse, EWZ (The Zurich Electricity Company), Givaudan, Japan Tobacco International, MCI (organiser of professional exhibitions and conventions), Novartis, Swiss Post, Roche, Syngenta and UBS.
"With this share purchase, which is part of our growth strategy, we have reinforced our presence in Switzerland, particularly in the French speaking areas", says Patrick Bensabat, Chairman, Business & Decision. "The banking and pharmaceutical areas are very buoyant and the Group will have access to strong expertise and good reference sites.""The investment by Business & Decision will allow us to develop our activities in the French speaking areas of Switzerland using the experience and competencies of a European leader in Business Intelligence, CRM and E-business" added Sami Jaballah and Laurent Progin, co-founders of Integrated Solutions.
For more information on Integrated Solutions visit www.i-sols.com http://www.i-sols.com/.
About Business & Decision - www.businessdecision.com
Founded in 1992, Business & Decision is an International consulting and Systems Integration company specializing in Business Intelligence, Customer Relationship Management (CRM) and E-Business. The Group works with clients to implement systems that aim at driving business functions and performance (dashboards, reporting, consolidation etc.); help in customer relationship management (sales force automation, call centers, campaign management, analytical CRM); and assist in E-Business (intranet and extranet portals, directories and Meta directories, e-commerce, knowledge management, Open source technologies, etc.). With more than 2,800 employees worldwide, Business & Decision has developed a "complete project" approach that spans from consulting to implementation. The Group has a reputation for its functional and technological expertise and has forged partnerships with all of the key technology vendors. At present, Business & Decision has more than 1,200 clients.
Business & Decision has been listed on the Euronext Paris since February 2001 (compartment B / Isin code: FR 00000 7895 8 / Symbol: BND). Business & Decision is listed in the NextEconomy segment and in the IT-Cac (technology market). For more information, visit: http://www.businessdecision.com/
Press Contact at Business & Decision
Investor relations
Pauline Cieutat - pauline.cieutat@businessdecision.com
Tel: +33 1 56 21 21 20
Fax: +33 1 56 21 21 22
