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Global banking software company Eontec announces the opening of new Asia Pacific HQ with David Jones as managing director

Dublin, 15 January 2002 – Eontec, the leading provider of Enterprise JavaBeans™ (EJB™)–based multi-channel banking software, today announces the opening of a new office in Tokyo, Japan, that will serve as the foundation for the company’s expansion across Asia Pacific. David Jones has been appointed managing director and will be responsible for building awareness and driving Eontec’s development programme at a strategic level. As headquarters for the region, the new office will support the growing demand from retail financial services institutions for open, scalable technology to revolutionise their customer service systems.

Jones will also provide hands-on support, heading up the organisation’s subsidiary office in Singapore and leading sales, marketing and partner activity on the ground throughout Japan, Korea, Australia, New Zealand, Singapore (South Asia) and Greater China. As one of the largest financial services markets in the world, Japan will be a key focus for business development over the coming years.

David Jones comments: “In the current climate of deregulation and consolidation, many local banks in Japan, Australia and Asia Pacific regions see the banking service for retail and small/medium sized corporates as the essence of their future profitability. Many also recognise that technology application is key to improved service, reduced costs and elimination of process redundancy. Banks are looking to extend service delivery channels in line with technological advances and customer demand, ensuring consistent, enhanced levels of customer service; react faster to new opportunities in the market by shortening the product release cycle; and position themselves to gradually move away from expensive and inflexible legacy systems.

“Eontec’s EJB banking components, methodologies and tools combined with our ‘buy and build’ approach address these challenges. The flexibility allowed by reusable banking processes and the deployment of an open, scalable multi-channel architecture is crucial to enable the banks to react effectively to this rapidly evolving market.”

Jones has extensive experience in bringing financial technology products to the Japan, Australian and Asia Pacific markets. Following a degree in Computer Applications at Dublin City University, Jones moved to Japan in 1986 to develop financial software and two years later joined Misys.

Having successfully brought several Misys products to Japan, he became managing director for SunGard Capital Markets and introduced the Panorama and Infinity products to both the Japanese and Korean markets. Prior to joining Eontec, Jones headed up the Asia Pacific division of Cognotec, an FX automation company, expanding operations into over five countries throughout the region.

Patrick Brazel, executive chairman, Eontec comments: “Asia Pacific is an exciting market for Eontec. With operations in Tokyo and Singapore, we will be ideally positioned to capitalise on the growing enthusiasm for state-of-the-art technologies that will help banks in the region remain competitive in the global market. David has all the knowledge and experience necessary to help us accelerate our aggressive growth plan, to ensure that Eontec is the EJB banking solutions provider of choice on a global scale.”

About Eontec

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. Eontec offers a next generation global Enterprise Banking Platform enabling banks to achieve a consolidated view of any customer across all service delivery channels. Based on Enterprise JavaBeans™ (EJB™) technology, our solution 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.

Founded in 1994 by Banking and IT specialists, Eontec is based in Dublin and currently employs 300 people worldwide with offices and development centres in Ireland, United States, Canada, Germany, UK, Tokyo and Singapore.

For further information:

Karin Clark/Sara Toal
Write Image
Tel: + 44 (0) 207 959 5400

Lisa Kelly
Tel: + 353 1 500 9200

This press release was distributed by ResponseSource Press Release Wire on behalf of Metia LTD (formally Write Image Ltd) in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit