Brainpower NV (Neuer Markt: BPW) and S1 Corporation (Nasdaq: SONE), today announced a joint marketing and sales agreement in Europe. Under the alliance, Brainpower, a provider of investment analysis and decision-support software tools for the investment community and S1 Corporation, a leading global provider of e-Finance solutions and services with more than 1,500 clients, have agreed to co-operate to provide European financial services providers with an integrated solution.
The combination of Brainpower’s NetXceed Internet investment analysis platform and S1’s Consumer Suite and Wealth Management products enables banking institutions, insurance companies, e-brokers, fund supermarkets and financial portals to provide their customers and advisors with an integrated suite of online investment analytics, advice, portfolio management, trade execution and banking solutions.
Commenting on the agreement, Rocco Pellegrinelli, president and CEO of Brainpower said, “The agreement with S1 is evidence of the fact that we are executing on our strategy with respect to the development of third party alliances, a strategy that can significantly expand our sales flow.”
James Peverell, vice president of S1 EMEA added, “We have utilised NetXceed to complement our European offering as Brainpower provides the investment tools and analysis focused on meeting the needs of our market. We are delivering this combined solution to banks and asset managers to help them increase the level of customer interactions, create cross-sell opportunities, increase product density and expand fee revenues.”
More than 145 major financial institutions use Brainpower’s products globally. This client base, combined with S1’s strong presence in Europe, gives the two companies considerable increased market penetration and cross-selling opportunities.
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Notes to Editors:
Brainpower (Neuer Markt: BPW) is a developer and supplier of investment analysis and decision support tools for investment professionals and online financial service providers. Brainpower’s solutions are differentiated by their advanced capabilities to support enhanced decision-making for investment professionals and their clients, including retail investors.
The organisation’s high-end decision support tools for investment professionals, Brainpower FINEST and Brainpower TOPFUNDS, support the analysis and management of stocks, mutual funds and portfolios. The technology is database-independent operating in a client/server environment. Based on recognised industry standards and solutions, the technology can be fully integrated into a client’s existing technological environment.
The newly developed Brainpower NETXCEED supplies the key functionalities of Brainpower FINEST and Brainpower TOPFUNDS offering for online financial service providers. Brainpower COMPETE! and Brainpower FRIENDS are innovative tools for marketing and sales professionals in the financial services sector facilitating client acquisition and retention. Customers include leading players in the fields of asset management, private banking and online financial services.
S1 (Nasdaq: SONE) is a leading global provider of innovative eFinance solutions and services. S1 EMEA is an operating unit of S1 Corporation focused on enabling European banks, insurers, asset managers and intermediaries. At the core of the offering is the S1 Open eFinance Architecture™ that facilitates the financial service provider’s need for multi-platform, flexible applications that can integrate best of breed in-house and product technology. S1’s platform also helps financial service providers manage their technology solutions investments. Unlike fragmented single applications, S1 offers integrated applications that cover retail banking, wealth management, insurance, brokerage, aggregation, corporate and small business banking and trade finance, and has the extensibility needed to help clients maintain a single approach to their customer relationships. S1 provides software, implementation services and data processing around the world at its eFinance Data Centres. With!
more than 1,700 employees worldwide, S1 maintains 21 offices in 11 countries including a worldwide ‘customer engagements’ team of hundreds of highly qualified professionals to assist with customisation and implementation of its applications.
Forward Looking Statements
This press release contains forward-looking statements relating to results of operations, availability and features of future products; benefits of certain programs; market penetration and market strategies. Such statements are made based on management's beliefs as well as assumptions made by, and information currently available to, management, pursuant to “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. While these statements reflect our best judgement, they are subject to risks and uncertainties that could cause a change in focus and direction. A discussion of certain risk factors that may cause actual results to differ from these forward-looking statements can be found in S1’s Annual Report on Form 10-K for the period ended December 31, 2000, on file with the SEC.
Curtis E. Fox
Director, Communications & Investor Relations
Tel : +44 (0) 20 7464 8626
e-mail : firstname.lastname@example.org
Sara Mak/Sarah Menendez
Ogilvy Public Relations Worldwide
For S1 Corporation
Tel : +44 (0) 20 7309 1081/1030
e-mail : email@example.com
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