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msg global solutions and Netconomy Form Joint Venture: msgNETCONOMY

msgNETCONOMY will enable msg global solutions to extend their market approach for end-to-end solutions designed to help customers enhance digital transformation, support omni-channel strategies, and improve customer experience.


(Regensdorf, Switzerland)  December 10, 2015: msg global solutions, a Swiss-based provider of integrated technology and services to the financial services industry globally, and Netconomy Software and Consulting GmbH, an Austria-based specialist in successful implementations of omni-channel-strategies and integration of online-channels, especially deploying SAP hybris, are pleased to announce the formation of a joint venture company, msgNETCONOMY.

The formation of msgNETCONOMY follows discussions between the leadership of both companies, which together recognized the synergies that msg and Netconomy offer in the field of digitalization and e-commerce for the financial services industry. The company will serve a global market from a single location in Belgrade, Serbia.

One of the goals behind the joint venture is to provide services to accommodate customers looking for process efficiencies through digitalization and improved customer experience across channels. This includes insurers and companies from other vertical markets that are involved in an omni-channel strategic transformation to facilitate increased customer engagement and distribution, enhanced brand and reduced costs. Both msg and Netconomy are Certified Partners of SAP hybris software, an SAP company and an e-commerce, omni-channel platform technology provider, and msgNETCONOMY will act as a sourcing partner, delivering services around enterprise multichannel e-commerce and product content management software.

The joint venture represents msg’s execution on its larger growth strategy: to broaden its service offerings and meet market demand for transformative technology and end-to-end solutions. The joint venture will enable msg to build on its existing strengths of delivering integrated software and services, while expanding its customer base with a focus on customer experience, process digitalization, and new digital business.

“With the msgNETCONOMY venture, we can realize our vision to bring end-to-end insurance to life for our customers,” notes Peter Umscheid msg global solutions’ co-CEO. “We will be able to do this cost effectively and from a position of business and technical experience. However, we won’t be limited to insurance as a wide variety of vertical markets are seeking solutions on an e-commerce, customer-centric and omni-channel platform. This truly is our next big step into the future and a way to bring our customers into a new realm of operational excellence.”

Martin Barzuaner CEO of Netconomy adds, “Netconomy stands for quality and reliability when it comes to digital transformation for selected industries like retail, wholesale, telecommunications and consumer products. We have joined forces with a trusted partner to continue to successfully deliver to customers in the financial services industry in a global context. We will continue to adapt and connect the business processes of our mutual customers with state-of-the-art technologies and create future-oriented online-solutions, which push our customers’ business to a new level.”

About msg global solutions ag

msg global solutions is a product- and solutions-based systems integrator that serves the financial services/insurer/reinsurer markets in all lines of business, in all regions of the world. Our expert teams employ a complete selection of consulting services and software products to help large and mid-size clients succeed with a range of business and IT strategies, including digital transformation. Operating from 17 global offices and growing, msg global solutions’ market presence covers the major insurance markets worldwide with domain and solution expertise.

msg global solutions is part of msg, an independent, international group of companies with autonomous regional companies and subsidiaries and well over 5,000 employees worldwide.

To learn more about msg global solutions, visit: www.msg-global.com

About Netconomy

Netconomy is a quality leading integrator of omnichannel and digital commerce solutions, fully focused on SAP hybris. The regional focus of Netconomy is the D-A-CH Region, the primary industry focus is on retail, wholesale, consumer products, telco and transportation. Netconomy employs over 180 highly skilled professionals within 5 offices in Germany, Austria and Switzerland.

The Services of Netconomy cover solution architecture and strategy, specification, implementation, service desk and web operations. The company has a partnership with SAP hybris since 2003 and is an SAP hybris Platinum partner. Netconomy is privately owned. 

To learn more about Netconomy, visit: www.netconomy.net

Contact:
Mendee Morgan
Global Marketing Director
msg global solutions
Mendee.Morgan@msg-global.com
Mobile: +1 617-680-4417


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