BBP takes over the British Synergy Financial
Systems Ltd.

1 October 2008

As of 1 October 2008, BBP, the leading supplier of interbank solutions in Switzerland has taken over 100% of the British company, Synergy Financial Systems Ltd. The former majority stakeholders, Peter Sandhu and Ed Prendergast, will stay on as Managing Directors. The company, located in Nottingham and London, is specialized in the development of interbank solutions and the operation of a SWIFT ServiceBureau.

 

Synergy Financial Systems Ltd. has a large client base in the UK and is strongly positioned in the London financial sector. In the future, Synergy Financial Systems Ltd. will be offering various additional solutions in the area of the ServiceBureau based on BBP products: in the area of compliance, reconciliation, as well as message conversion.

 

While the BBP subsidiary, Datasphère in Geneva, which was acquired by BBP in 2004, will be responsible for the French-speaking markets, Synergy Financial Systems Ltd. will concentrate on Great Britain, Ireland and other English-speaking markets.

 

With the acquisition of Synergy Financial Systems Ltd., BBP significantly expands its international presence. BBP products will now be available to a much larger market through the new subsidiary Synergy Financial Systems Ltd.

 

BBP's main focus will remain on the German-speaking market, with Switzerland at the hub of its activities.