Only a few lines described the creation of the company in the first edition of the Paperjam magazine in June 2000 when it announced the opening 'of the greatest business assistance centre for companies in Luxembourg': Business Recovery Centre. The company announced the availability, in summer, of more than 5,000 square metres of fully operational offices equipped with computers and advanced telecommunications tools, ready to welcome workers after a disaster in their own offices, as well as trading rooms. The company was located in Cloche d'Or.
The announced initial investment was 230 million Luxembourg francs, 5.7 million euros, and some 40 hires were promised. Behind the creation were the companies P&T (41% shareholder), Omnis Sofitec (designer of the IT infrastructure, 10% shareholder) and a consortium of private shareholders united under the name 'Worldtec' who controlled the remaining 49%.
Starting in July 2000, Yves Reding was entrusted with the daily management of the company as its manager, a position he still holds today and in which he accompanied the steep development of a company that employs more than 170 people today.
Three months later, the company underwent its first name change, adding the letter "e" to its original acronym.