Brokat, a fast-growing German-owned provider of Internet banking and electronic commerce software, announced a charter change and management restructuring ahead of a planned initial public stock offering.

The four-year-old company has incorporated under a new name, Brokat Infosystems AG.

Brokat said its Twister technology platform is used by more than 1,500 financial service companies worldwide.

Recently, Brokat also announced it plans to double the staff in its North American headquarters, located in Atlanta, by yearend.

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