Cordiant Technologies to Help Neptune Software, UK to Extend Product Development into India.Cordiant Builds a Development Team in India That Will Be an Extension of Neptune's Development Effort Through a Build-Operate-Transfer (BOT) Agreement PRINCETON, N.J.& CHENNAI, India & LONDON -- Cordiant Technologies, the trusted offshore product development partner for Independent Software Vendors (ISVs) worldwide, today announced that the company has entered into a Build-Operate-Transfer (BOT) agreement with Neptune Software Plc, a leading provider of universal banking solutions, to advance its comprehensive Universal Banking System application code-named 'Supernova' for Neptune. Under the terms of the agreement, Cordiant has put together a new development team in Chennai, India that will serve as an extension of Neptune's development efforts to work on its next-generation UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System application. The India team was put in place within 60 days and will now work with Neptune's teams in London and Lagos in a Distributed Collaborative Development framework. Cordiant's focus is on building dedicated offshore development teams in India for ISVs and software developers. Cordiant will leverage the company's Resource Lab for ISVs in International Tech Park, Chennai for its work with Neptune Software. The Cordiant team in India will develop the UBS system for Neptune Software through a seamless transfer of Product Domain Knowledge and taking control of some elements of the new application midway Midway, island group (2 sq mi/5.2 sq km), central Pacific, c.1,150 mi (1,850 km) NW of Honolulu, comprising Sand and Eastern islands with the surrounding atoll. Discovered by Americans in 1859, Midway was annexed in 1867. A cable station was opened in 1903. through the software development life cycle. Cordiant's experience in banking application development will provide new functionality for this UBS system in the areas of regulatory reporting and monitoring systems using Java and related SOA (1) (Start Of Authority) The first record in a DNS zone file. See DNS records. (2) (Service Oriented Architecture) The modularization of business functions for greater flexibility and reusability. technologies. "We are delighted to have reached an agreement with Cordiant to advance what we believe is a new world-class Universal Banking System in London, Lagos, and Chennai, India," said Harold Dempster, director, Neptune Software. "Cordiant provides us with a low risk entry for offshore development efforts and an experienced team that ramps up its software development efforts while providing a stable infrastructure to get the work done with speed and quality." "We are very pleased to work with our new business partner to develop this UBS application," said Dennis Paul, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Cordiant Technologies. "Our staff specializes in providing complete offshore development services for ISVs around the world with exceptional value. Our functional and technical design, rapid development, product testing and deployment testing teams make sure our software development results meet the high expectations of our partners and their customers." Neptune sought to increase its UBS leadership through a significant investment in product research and development. By partnering with Cordiant, Neptune gains a new development subsidiary that uses offshore development, quality assurance, and rigid product development testing cycles that result in software products being brought to market faster and more cost effectively. Cordiant's proven leadership and results for global ISVs made the company the ideal partner for Neptune Software. About Neptune Software Since incorporation in 1999, Neptune has developed Equinox equinox (ē`kwĭnŏks), either of two points on the celestial sphere where the ecliptic and the celestial equator intersect. The vernal equinox, also known as "the first point of Aries," is the point at which the sun appears to cross the , a universal banking solution and has acquired a client base of more than 30 banks. Banks looking to implement process efficiencies and increase long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. value will appreciate the strategic approach that has resulted in Equinox's success. The combination of Neptune's professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. ethic eth·ic n. 1. a. A set of principles of right conduct. b. A theory or a system of moral values: "An ethic of service is at war with a craving for gain" of local consultants supported by the ISO-certified quality control of a UK PLC contributes to Neptune's success. Neptune has established an enviable en·vi·a·ble adj. So desirable as to arouse envy: "the enviable English quality of being able to be mute without unrest" Henry James. support network that includes a corporate head office in the UK and hubs in Paris, Lagos, and Nairobi, in addition to an extensive and expanding network of agents and distributors. Neptune is on the verge On the Verge (or The Geography of Yearning) is a play written by Eric Overmyer. It makes extensive use of esoteric language and pop culture references from the late nineteenth century to 1955. of completing its browser browser Software that allows a computer user to find and view information on the Internet. The first text-based browser for the World Wide Web became available in 1991; Web use expanded rapidly after the release in 1993 of a browser called Mosaic, which used based J2EE (Java 2 Platform, Enterprise Edition) A platform from Sun for building distributed enterprise applications. J2EE services are performed in the middle tier between the user's machine and the enterprise's databases and legacy information systems. continuous banking offering running on Oracle. For more information, call +44 (0)20 8680 0239 or visit www.neptunesoftwareplc.com. About Cordiant Technologies Founded in 1995, Cordiant Technologies is an offshore provider of outsourced product development services to Independent Software Vendors. With development centers in Chennai and Kochi, Southern India, the company's U.S. office is located in Princeton, NJ. For more information, call 609-375-2354 (US), +91-44-4266-6015 (India) or visit http://www.cordiant.com. Cordiant and Cordiant Technologies are trademarks of Cordiant Technologies. All other company, product and publication names are trademarks of their respective organizations. |
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