It absolutly does https://zefix.ch/en/search/entity/list/firm/1391256 :-)
The matter is definitely more complex than yes and no... my general stand has been that jurisdiction matters a lot when you store and process data from customers, like many cloud services do. iIt matters less if you can take a software and self-host it.
And I think this speaks to my point that it isn’t a simple yes/no question :)