INTRACOM IT Services and Smartstream Technologies announce strategic partnership
INTRACOM IT Services will distribute Smartstream Technologies' TLM Reconciliations and TLM Cash Management Solutions in Greece and Cyprus
Peania, Greece, 21 July 2009-INTRACOM IT Services, the leading provider of IT Services in Southeast Europe and the Middle East, and Smartstream Technologies the Financial Transaction Lifecycle Management specialist, announce their strategic partnership for the distribution of Smartstream TLM Reconciliations and TLM Cash Management Solutions by INTRACOM IT Services, in Greece and in Cyprus.
INTRACOM IT Services, having extensive experience in financial transaction lifecycle management solutions, selected Smartstream TLM Reconciliations and TLM Cash Management after a meticulous benchmarking and evaluation process, as the most complete solutions amongst other renowned ones. Through its profound knowhow in software development, systems integration, outsourcing and support services, INTRACOM IT Services will offer to its customers innovative and robust solutions, which leverage Smartstream Technologies' products. SmartStream's portfolio includes products such as Corona? for automated reconciliation and exception management of trades, accounts, positions and processes, and Cash Management? for comprehensive, real-time cash and liquidity management to support optimal investment and lending opportunities.
Commenting on the new partnership, Mr. Andreas Diamanteas, Deputy General Manager of Financial & Enterprise Solutions Division of INTRACOM IT Services, said: "Smartstream's solutions complement INTRACOM IT Services' existing products and services portfolio providing to our customers internationally proven and state of the art integrated solutions in reconciliation and cash management. Smartstream's globally established solutions provide rich functionality in these areas, can be easily interfaced with other systems and flexibly adjusted to our customers' specific needs. Joining our complementary forces in this strategic partnership, we are ready to assist institutions both in Greece and Cyprus to optimize their reconciliation and cash management processes especially in the financial sector, where INTRACOM IT Services has a remarkable experience."
Mr. Christian Schiebl, EVP of SmartStream, commented: "SmartStream knows the importance of working with partners with a strong record in their respective markets and understands the needs of local firms to deliver successful automation projects. INTRACOM IT Services will support SmartStream to further penetrate the Greek and Cypriot markets. Together we will work with local institutions to create more efficient reconciliations and cash management processes that will lower their operational risk and cost."
Through this partnership INTRACOM IT Services, will address the Greek and Cypriot Financial markets with solutions that provide operational flexibility, increase of productivity and processes improvement.
About INTRACOM IT Services Group
The INTRACOM IT Services group belongs to INTRACOM Holdings and is the largest Greek IT Solutions and Services Group. It has remarkably extended international presence and its international activities contribute 65% to its total income. It employs 1.600 people, of whom 55% work outside Greece. More than 500 organizations (agencies of the European Union, national governments, public bodies, banks, telecommunication organizations, businesses) in 55 countries worldwide have chosen the Group's services and solutions. The dynamically developing companies of the Group INTRACOM IT Services (parent company), Intrasoft International, INTRACOM Jordan, and INTRACOM IT Services Denmark enjoy a dominant position in the markets where they are active, and they are distinguished by the quality of their service provision. IDC systematically lists INTRACOM IT Services as the leading provider of IT solutions and services in Greece.
Information for Press only
Christina Geronlicola, Communications Director, INTRACOM S.A. Holdings
e-mail: christina.geronicola@INTRACOM.com