Swissrisk and Imagnos MERGER to form new entity:

Frankfurt/Zürich/London/Madrid/Luxemburg - 27 June 2005

Swissrisk AG and Imagnos AG (formerly CSK Software) have merged, creating
a true medium sized European financial services software concern. The
combined privately held company will be known as Swissrisk Financial
Systems; its 120 professionals working from 5 offices in the major European
financial centers. The merged entity has a broad portfolio of complimentary
products and integration solutions required by leading banking institutions.

With Imagnos, founded in 1976, and Swissrisk, the new entity brings together 26 years serving the worldwide financial community. It has reorganized along industry lines by recruiting and appointing executives with insider knowledge to be closer to each customer’s needs.

Imagnos' solutions have strong acceptance from blue chip clients and the SWIFT community with labels: SWIFT Ready Financial EAI Gold, SWIFTNet Ready Nostro Account Information, and SWIFTNet Ready Funds.

Swissrisk's relationship and advisory solutions, Client First and Client Advisory Suite, serve private banking, corporate banking and wealth management organizations seeking to increase quality of advisory services while reducing costs using efficient advisory processes.

“Customers benefit from integrated product solutions that are easier to deploy, yield shorter time to market; resulting in lower cost of ownership with higher ROI,” notes Swissrisk founder Dr. Thomas Wolfensberger.

“Universal challenges confronting financial institutions require individualized solutions,” VP Investment Banking Andreas Wagner notes, “but big integration projects often fail to deliver the value expected.

That’s where our combined experience and solutions can make a real difference.”
Managing Director, Miguel Angel Villalonga, adds, “The exciting possibilities of our combined offerings reflect our strong core competencies; from front office productivity solutions, based on modern web technologies, to robust and proven Straight-Through-Processing architectures.”

Headquartered in Zürich, Swissrisk Financial Systems maintains offices in Frankfurt, Madrid,
Luxembourg, and London.

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