The company's purpose is the development, marketing and distribution of IT systems and software solutions and the provision of related services, particularly in the hospitality industry. The company may establish branches and subsidiaries in Switzerland and/or abroad and invest in other companies in Switzerland and/or abroad, acquire, hold, encumber and dispose of real estate or intellectual property rights in Switzerland and/or abroad as well as conduct all commercial, financial or other transactions that are directly or indirectly related to the company's purpose. Furthermore, the company may grant loans or other financing to its direct or indirect shareholders and their direct or indirect subsidiaries as well as to third parties, with or without consideration, and provide security of any kind for the liabilities of such persons or group companies, including guarantees, pledges and fiduciary transfers of the company's assets. In addition, it may engage in or participate in liquidity equalization/net liquidity centralization (cash pooling), including periodic balance adjustments (balancing), with group companies, also without consideration, on preferential terms, interest-free, without the intention of making a profit for the company and assuming clumping risks.
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