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Surecomp buys DOS Dialog Orientierte Software

21 September 2010  |  3952 views  |  0 Source: Surecomp

Surecomp, a world leader in the development and licensing of wholesale banking solutions announced today that it has acquired Hamburg based DOS Dialog Orientierte Software GmbH (DOS), a long-established German banking software vendor.

DOS founders, Mr. Jochen Oberländer and Mr. Klaus Schmelzeisen, will remain with the company and take on new expanded roles within the Surecomp organization.

Explaining the thinking behind the move Klaus Schmelzeisen commented "Jochen and myself realized that to best serve our clients and employees we needed to position DOS and its products with a strong global operation. When the opportunity to join the Surecomp organization presented itself, we realized that we had found the ultimate partner. Surecomp has an unrivaled reputation for customer support and product enhancement. The financial strength of Surecomp provides long-term security and stability to DOS customers worldwide. We have every confidence that the combined operation will best serve everyone - DOS customers and employees - in the years to come."

Surecomp Chairman, Joel Koschitzky commented "Surecomp and DOS both share an entrepreneurial spirit and a heritage of innovation and creativity. We are both fully committed to our employees and our customers. This is a unique opportunity to continue that spirit and to leverage the combined operations. There is tremendous synergy between our organizations and professionals. "

Jochen Oberländer added "I am especially excited about the product opportunities. I am confident that DOS clients will be interested in Surecomp's allFAC factoring solution. I am equally enthusiastic about the opportunity to offer DocX globally and leverage the Surecomp support base."

DOS Dialog Orientierte Software GmbH (DOS) will be renamed Surecomp DOS GmbH and remain in its Hamburg and Cologne offices. Market Advisory Services (MAS) of Spring Lake, New Jersey advised Surecomp. MAS is an international advisory boutique specializing in commodities, energy and financial information technology. MAS has advised on more than 60 transactions including capital raising, acquisitions and divestitures.

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