Login SA enters strategic partnership with i-flex solutions

Login SA enters strategic partnership with i-flex solutions to deliver front to back risk management and treasury solutions

Paris, 25 March 2004

Login SA today announced that it has signed a business alliance agreement with i-flex solutions limited today to jointly engage in providing to financial institutions end-to-end solution for the front end treasury, risk management and treasury back office with their products, Login-Acumen, FLEXCUBE and Reveleus.

Login SA is a leading supplier of advanced and integrated front office trading and risk management systems for treasury, derivatives and capital markets instruments. Login’s leading product Login-Acumen is built on 16 years experience gained with major European Banks and financial institutions. Login-Acumen’s core principles are the event driven and real-time technology, its operational Risk approach and its flexible portfolio analysis and reporting.

i-flex solutions limited (Reuters : IFLX.BO & IFLX.NS), is a world leading provider of information technology solutions to the global financial services industry. i-flex has serviced over 450 customers across 100 countries. i-flex offers a comprehensive range of products and customized services comprising FLEXCUBE, ranked the world’s number one selling banking solution for two successive years 2002 and 2003 by International Banking Systems UK.

"Login has ever focussed all its efforts towards the full satisfaction of its customers with sophisticated systems dedicated to derivatives and treasury management, with M2S in the past and now with our flagship Acumen" said Marc Beaulande, co-founder and Executive Director, Login SA. "Since several years we have been looking for a dynamic partnership with a company allowing Login to enrich its expertise and offer towards back-office functionality. I-flex represents this ideal and prestigious partner. Ideal with respect to the complementarity of our systems, ideal too regarding its marketing and support network world-wide. All those assets will contribute for sure to increase the business of both our companies significantly."

"We are committed to providing our customers with comprehensive solutions. Acumen satisfactorily complements i-flex’s offerings in the treasury area, and together would be a powerful solution to the financial institutions." stated R Ravisankar, CEO International Operations and Technology, i-flex solutions.

i-flex and Login SA have already successfully completed the implementation of their respective products, FLEXCUBE and Login-Acumen, for a major retail Bank in the Netherlands. This site is now fully operational for several months.

Last modification date: 04/07/2008