Following recent USD25 million equity funding, Brazel joins Eontec board
Dublin, 11 December 2001 – Eontec, the leading provider of Enterprise JavaBeans™ (EJB™)–based multi-channel banking software, today announces the appointment of Patrick Brazel as executive chairman to the board. Brazel will work closely with CEO, Jim Callan, to build awareness and drive the company’s global development programme to ensure that Eontec is firmly established as the EJB banking solutions provider of choice on a global scale.
Brazel has over 25 years’ experience working within the international finance and software industries. Through his dynamic leadership and expansive knowledge of the market sector, Brazel has been instrumental in the strategic growth and success of numerous financial technology organisations. Notably, as president of SunGard Capital Markets, he led the company to become the most competitive and dominant player in the trading and risk management systems market, and witnessed SunGard’s value rise from 0 million to over billion.
Brazel comments: “Eontec’s combination of EJB banking components, methodologies and tools addresses the mission-critical challenges facing banks today - customer focus, multi-channel delivery and IT cost control. Our ’buy and build’ vision is widely recognised as the most practical route to the timely and cost-effective delivery of tailored solutions that underpin the future direction and success of financial institutions around the world.”
Jim Callan, CEO, Eontec, comments: “Pat has joined Eontec at an exciting time. The financial technology marketplace has become increasingly competitive over the past 12 months, with financial services organisations striving to drive down costs. Eontec’s success to date is reflected in its market-leading technology and Pat’s knowledge and experience will be invaluable as we deploy that technology to the benefit of our clients-.”
Eontec is recognised as the global leader in the development and delivery of Enterprise Java Banking solutions and is the only vendor providing an Enterprise Banking Platform that combines business content, architecture and tools in one offering. BankFrame™ from Eontec is the next generation global Enterprise Banking Platform enabling banks to achieve a consolidated view of any customer across all service delivery channels. Based on Enterprise JavaBean™ (EJB™) technology, BankFrame™ is composed of a multi-channel architecture, the world’s largest repository of reusable banking processes and a unique and powerful automated toolset. This enables future-proof banking solutions to be easily assembled and deployed across all delivery channels, including wireless devices, the internet, call centres and traditional branches.
Eontec pioneered EJB™ technology for the financial services industry and today is still building on its significant first mover advantages. Eontec was the first company to offer multi-channel EJB™ based banking software and the first to offer a fully automated end-to-end design, assembly and delivery toolset for rolling out secure, scalable banking products and delivery channels. BankFrame™ is delivered through ‘JavaBanking.com’ the world’s first web portal for banking developers, and deployed by a worldwide partner network. Business Partners include IBM, Hewlett Packard, Sun Microsystems, BEA, and Perot Systems.
Founded in 1994 by banking and IT specialists, Eontec is based in Dublin and currently employs over 300 people worldwide with offices and development centres in Ireland, US, Canada, Germany, The Netherlands and UK.
For further information:
Karin Clark/Sara Toal
Tel: + 44 (0) 207 959 5400
Tel: + 353 1 500 9200
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