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SAGE and Ocean Technology announce partnership to market Prospero in Vietnam

Posted on: February 15, 2010

SAGE and Ocean Technology announce partnership to market Prospero in Vietnam

SAGE Group SA and Ocean Technology have signed an agreement to market Prospero, a revolutionary financial software, in Vietnam.
Recent growth of the financial services sector in Vietnam has created a demand for new products and services–in particular, software that simplifies the banking and asset management process.

SAGE’ Prospero meets that demand. The software integrates front-, middle- and back-office systems via multiple modules covering all aspects of financial operations, including asset management, risk management and administration. Modules can be implemented separately or as an integrated whole, and all interface with legacy systems.

“Prospero is flexible enough to cater to the requirements of Vietnamese investors and asset managers,” says Patrick Rotzetter, chief business development officer of SAGE Group SA. “It will help medium to large investment firms achieve best practices in banking and asset management.”

Rotzetter says Ocean Technology–a consultancy firm that has assisted in the technical transformation of a number of banking and finance firms in Vietnam–is the ideal partner in the marketing of Prospero in Vietnam. The company, which has a deep knowledge of the Vietnamese market, has already successfully delivered a number of financial solutions to clients throughout Southeast Asia. These have included core banking, mobile banking and card management/ATM switch solutions. The company boasts an impressive client roster, including Techcombank, GP Bank, Vietnam-Russia Bank, Viet A Bank, Nam A Bank, Cement Finance Company and the Foreign Trade University.

“Given the recent growth of the financial services sector in Vietnam, we looked for a system that could provide a flexible yet comprehensive solution for clients seeking wealth management services,” says Rick Rodgers, COO of Ocean Technology. “The Prospero platform delivers a fully integrated system with both the financial planning tools and the back-office trading and accounting functions our clients require.”

“This agreement shows SAGE’ commitment to participating in the growth the Vietnamese market,” says Rotzetter. “We look forward to rolling out Prospero there.”

About Ocean TechnologyOcean Technology is a consultancy firm that delivers high-performance software solutions to financial services companies throughout Southeast Asia. It represents a new trend in Vietnam: the blending of local expertise with global standards and practices for technology integration. As it continues to expand, its central focus remains the same: its customers.

 

About SAGE
SAGE Group SA, established in 1986 and headquartered in Lausanne, Switzerland, is a software development company that services the global financial industry. Prospero, its flagship product, offers clients a seamless way to integrate front-, middle- and back-office systems. SAGE’ goal: Help financial professionals focus on what they do best–managing money, not systems.

 

For more information on this news, please contact SAGE at +41 21 653 64 01 (Switzerland).


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