S1 Corporation and EverSystems Join Forces to Deliver S1 Enterprise Solutions in Latin America.Business Editors ATLANTA--(BUSINESS WIRE)--April 20, 2004 S1 triples presence in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. by leveraging EverSystems' sales force, experienced implementation teams and brand name S1 Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : SONE), the leading provider of integrated front-office solutions for financial institutions, and EverSystems, the leading provider of IT services and solutions for financial institutions in Latin America, today announced a 10-year strategic agreement in which EverSystems will resell re·sell tr.v. re·sold , re·sell·ing, re·sells 1. To sell again. 2. To sell (a product or service) to the public or to an end user, especially as an authorized dealer. , localize lo·cal·ize v. lo·cal·ized, lo·cal·iz·ing, lo·cal·iz·es v.tr. 1. To make local: decentralize and localize political authority. 2. , implement and support S1 Enterprise solutions to its broad base of financial institutions throughout Latin America. The region's financial institutions will now have access to a comprehensive suite of front-office applications that operate on a single, J2EE-based platform to help reduce costs, increase revenue opportunities and improve customer relationships. Under the terms of the agreement, EverSystems will migrate some of its current turn-key e-banking offerings to related S1 Enterprise solutions, including S1 Personal Banking, S1 Business Banking, S1 Corporate Banking, S1 Insurance, S1 Enterprise Teller, S1 Enterprise Sales and Service Platform, and S1 Enterprise Call Center, all of which are offered on the S1 Enterprise Platform. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Marco Garib, president and 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. of EverSystems, "A key component of our growth strategy is to build long-term, mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" partnerships with global players to expand our product portfolio, reach new markets, and better serve our customers with end-to-end financial solutions. This agreement enables us to leverage S1's depth of software development experience in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry and the company's $100 million investment in designing, developing and deploying integrated, front-office applications with best-in-class functionality." According Maria Luisa Maria Luisa may refer to:
According to Jaime Ellertson, CEO of S1 Corporation, "We are excited to join forces with EverSystems, historically a competitor in Latin America. As we continue to strategically enhance our global distribution network, this agreement will enable S1 to more than triple its presence in Latin America by leveraging EverSystems' extensive sales force, experienced implementation teams, and prestigious brand name. While the global financial services industry begins to demand integrated, multi-channel ready solutions, our investment in S1 Enterprise solutions will continue to open new distribution channels and opportunities for S1 and its partners around the world." The two organizations will serve approximately 50 of Latin America's leading financial institutions, including Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Citibank, BankBoston, Unibanco, Santander, ABN AMRO ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) , Banamex, Grupo AVAL and Scotiabank Inverlat. Joint customers of the two organizations will now benefit from feature-rich applications that operate on an open, scalable platform, all delivered and supported by local resources with extensive domain expertise at a lower cost. EverSystems' deep expertise in local e-finance systems, payment networks, regulatory issues, bill pay requirements, varying languages, and other regional specifications will enhance the experience that financial institutions will have implementing and operating S1 Enterprise solutions. The availability of S1's internationally ready applications will also enable Latin America-based financial institutions to compete more effectively with the large, global financial enterprises that have entered the region. The organizations anticipate being able to localize and deliver the solutions, which will be branded by EverSystems but include "Powered by S1" to customers later this year. They will also be working closely with customers to present the benefits of a migration plan from their current operations to the S1 solutions, localized and customized by EverSystems. About EverSystems EverSystems is one of the world's leading IT services and solutions providers for banks in several Latin American countries List of American countries Nations:
About S1 Corporation S1 Corporation (Nasdaq: SONE) is a leading global provider of enterprise software solutions for more than 4,000 banks, credit unions and insurance providers around the world. Comprised of applications that address virtually every market segment and delivery channel, S1 solutions help integrate and optimize an institution's entire front office, resulting in increased operational efficiencies, revenue opportunities and overall customer satisfaction. S1 is the only provider with the proven experience, breadth of products and financial strength to empower financial services companies' enterprise strategies. Additional information about S1 is available at www.s1.com. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release contains forward-looking statements within the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and . These statements include statements with respect to our financial condition, results of operations and business. The words "believes," "expects," "may," "will," "should," "projects," "contemplates," "anticipates," "forecasts," "intends" or similar terminology identify forward-looking statements. These statements are based on our beliefs as well as assumptions made using information currently available to us. Because these statements reflect our current views concerning future events, they involve risks, uncertainties and assumptions. Therefore, actual results may differ significantly from the results discussed in the forward-looking statements. The risk factors included in our reports filed with the Securities and Exchange Commission (and available on our web site at www.s1.com or the SEC's web site at www.sec.gov) provide examples of risks, uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Except as provided by law, we undertake no obligation to update any forward-looking statement. |
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