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Winter Journal

Volume 28, Issue 1

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Jon Seals

H2020 DICE consortium to accelerate development of business-critical, data intensive applications in the cloud

 

London and Edinburgh, UKFlexiant today announced its involvement in the €4 Million HORIZON 2020 Research Program, DICE. The purpose is to define a development methodology and related tools to accelerate the development of business-critical data-intensive cloud applications.

 

Flexiant joins leading organizations and universities across Europe in this collaborative research project funded under the ICT theme of HORIZON 2020 Research Program of the European Union. The DICE consortium, coordinated by Imperial College (UK), also includes ProDevelop (Spain), Netfective (France), University of Zaragoza (Spain), Athens Technology Centre (Greece), Xlab Razvoj (Slovenia), Institutul E-AUS (Romania), and Politecnico di Milano (Italy).

 

Head of Research at Flexiant, Craig Sheridan said, “Developing software that meets the high-quality standards expected for business-critical cloud applications remains a barrier to entry for many small and medium ISVs because they often lack resources and expertise for advanced quality engineering. The DICE consortium will tackle this challenge in support of these ISVs across Europe.”

 

Building on the principles of model-driven development (MDD) and on popular standards such as UML, MARTE and TOSCA, the project will define a methodology that can define data and data-intensive technologies in cloud applications. The consortium will apply the methodology to develop a quality engineering toolchain offering simulation, verification, and numerical optimization to drive early design stages of application development and guide software quality evolution.

 

Sheridan said, “Increased demand for data-intensive applications capable of exploiting Big Data technologies such as Hadoop/MapReduce, NoSQL, cloud-based storage, and stream processing offers ISVs opportunities for growth. DICE will enhance the capability of small and medium ISVs to enter the Big Data market.”

 

For more information visit www.dice-h2020.eu. For more information about Flexiant and HORIZON 2020

Research Program, visit http://www.flexiant.com/why-flexiant/research/.

 

About Flexiant

Flexiant provides solutions aimed solely at helping service providers capture the cloud market opportunity. Its portfolio of solutions includes Flexiant Cloud Orchestrator and Flexiant Concerto. Since 2009, Flexiant has armed service providers with the solutions necessary to launch revenue generating cloud services quickly and easily.

Flexiant has been named a Gartner Cool Vendor in Cloud Management and received the Info-Tech Research Group Trendsetter Award for two consecutive years. Flexiant is a Gold Parallels Partner and a Dell certified technology partner. Customers include Brinkster, Computerlinks, FailProof Technology and ThinkGrid Ceano, part of Colt Telecom. Flexiant is also a key participant in the EU’s Horizon 2020 program. For more information visit www.flexiant.com.

LONDON - FusionExperience, the business and data solutions provider, has today announced a powerful new feature, known as ‘Collections’, within NovumIP, the first full end-to-end Intellectual Property (IP) Lifecycle management application in the Cloud.

 

The search functionality within Collections is both unique and flexible. In addition to storing information such as the standard relationship between Patent and Patent Family, for example, NovumIP users can now instruct Collections to search for any data and group different items together, for any purpose.

 

Typical IP Portfolio Management systems hold data in a fixed format that aids in processing, but this rigid format does not take into account the realities of effectively managing all aspects of an IP portfolio.

However, with its combination of smart searching and flexible options, Collections can provide significant benefits in cases where:

  • IP Portfolio Managers are assigned to one (or more than one) collection covering their area of responsibility (for example, technology), as Collections will allow them to group patent families and monitor activity within their portfolio area more effectively. This facilitates IP Portfolio analysis.
  • A divestment team needs to group candidates that have been proposed for divestment
  • A licensing team wants to group families, patents and claim charts for licensing negotiation for each company, ensuring the maximisation of IP portfolio value
  • A Portfolio Manager wants to group various claim charts for negotiation, arbitration or litigation for each target company

Joan Mill, Sales Manager for FusionExperience said; “With this powerful functionality, our clients can now perform extremely smart searches for data that is relevant to a collection in ways that simply have not been possible before. The results are then presented in an accessible and easy-to-understand format within NovumIP.”

Steve Edkins, CEO of FusionExperience added: “Features like Collections require a powerful and scalable technology in order to provide accurate results and business benefits for our customers. Because Collections is part of the overall NovumIP application that runs on Salesforce.com’s Cloud technology, we can now deliver these benefits in real time from within our NovumIP solution.”

DE-CIX to establish neutral Internet exchange at key landing site for Mediterranean, Africa and Middle East Internet traffic at TI Sparkle’s latest Next Generation Data Center in Palermo

 

Rome – TI Sparkle, the International Services arm of Telecom Italia Group, is announcing a new partnership with the world’s leading Internet exchange provider, DE-CIX, who will establish an Internet exchange (IX) in “Sicily Hub,” TI Sparkle’s latest Next Generation Data Center in Palermo.

 

DE-CIX provides premium IX services to all kinds of networks and operates numerous carrier-neutral and data center-neutral Internet exchanges around the world, including its flagship exchange, DE-CIX Frankfurt. The new exchange will be based on DE-CIX’s leading APOLLON platform, which provides unmatched scalability and performance.

 

DE-CIX’s new exchange at Sicily Hub was designed to allow carriers that land their IP backbones in Sicily to directly interconnect with each other and to other providers that have a presence in the facility.  These other providers include some of the world’s most well-known and largest content players.

 

The new TI Sparkle facility is located closer to North Africa, the Mediterranean and the Middle East than any other European peering point. It is also connected to all cable landing stations in Sicily and served by the TI Sparkle tier 1-grade IP Transit service, Seabone.

In addition, Sicily Hub’s open and resilient configuration supports carriers and ISPs that want to enhance the redundancy of their networks, while enjoying a rich ecosystem and market place of multi-breed interconnected players.

 

Our partnership with DE-CIX and their new IX node in our Sicily Hub is the most important milestone in the creation of a massive IP gravitational center in the middle of  the Mediterranean,” says Alessandro Talotta, TI Sparkle CEO. “We will be able to better serve ISPs in the area, including Africa and the Middle East, by bringing worldwide content directly to their doorsteps. The presence of DE-CIX’s leading global carrier-neutral Internet exchange as well as the most relevant  global content providers that deliver media, gaming, e-commerce, social networks and video platforms, make Sicily Hub the best location for top-quality and cost-efficient public and private peering in the region.

 

”There is an intense need in the region to bring content closer to the end users,” confirms Harald A. Summa, DE-CIX President. “The powerful combination of Sicily Hub and DE-CIX’s APOLLON platform will support Internet growth in this region so that end users will have a better Internet experience, better security and a lower risk of network outages.”

 

TI Sparkle’ Sicily Hub has been designed with the most advanced technologies and follows the most restrictive technical parameters typical of Telecom Italia Group’s Next Generation Data Centers. This partnership between TI Sparkle and DE-CIX represents a first step towards a wider collaboration that will extend to other locations in the Mediterranean.

______________________________

About DE-CIX

DE-CIX is provider of premium Internet exchange (IX) services and operates several carrier-neutral and independent Internet exchanges internationally, including  DE-CIX Frankfurt, Germany; DE-CIX New York, USA; and UAE-IX in Dubai, UAE. With 3.8+ Terabits per second of peak traffic, DE-CIX Frankfurt is the world’s  leading Internet exchange. Founded in 1995, DE-CIX has established an environment for the bilateral settlement-free exchange of Internet traffic, called peering. The company is serving 600+ carriers, ISPs and content networks from 60+ countries including all leading international players. In addition to Frankfurt, New York and Dubai, DE-CIX operates Internet exchange points in Hamburg and Munich. DE-CIX is your one-stop-shop for Peering, Interconnections and additional IX services. For more information, please go to www.de-cix.net

 

About Telecom Italia Sparkle
Telecom Italia Sparkle S.p.A. (TI Sparkle) is the wholly owned subsidiary of Telecom Italia Group (NYSE:TI) with the mission to develop and consolidate the Italian telco’s international services business.  As a leading global carrier, TI Sparkle offers a full range of IP, Data, Mobile Data and Voice solutions to fixed and  mobile operators, Internet service providers, Media and Content providers and to Multinational enterprises. Its sales force is active worldwide and distributed over 39 countries.

Find out more about Telecom Italia Sparkle at www.tisparkle.com or www.world.tisparkle.com

For more info on Sicily Hub please check www.tisparkle.com/default.aspx?Lang=ENG&idPage=2509

SANDWICH, Kent – Ultra Secure Cloud service provider, The Bunker has announced the launch of a partner programme that makes the benefits of its ultra available and compliant IT infrastructure available to value added resellers (VARs) and eliminates the risk associated with conventional Cloud offerings.

Comprised of three accreditation levels – Gold, Platinum and Silver – The Bunker’s partner programme provides VARs with access to an array of resources including comprehensive training, a dedicated online portal, lead registration and sales support. With a range of strategic IT infrastructure providers already signed as its first partners, The Bunker is now inviting other specialist VARs to join and take advantage of its easy to use, encrypted, Ultra Secure, Ultra reliable, cost effective, UK-based Cloud services.

 

“We recruited experienced Channel Sales Manager, Phelim Scallon, to lead our channel partner programme,” says Simon Neal, Director of Data Centre Services at The Bunker. “This is an exciting new phase in the evolution of The Bunker and presents VARs with a compelling opportunity to introduce high margin, year on year recurring, Secure Cloud offerings into their product portfolios. It means VARs can enable their customers to step into the Cloud securely, with UK data sovereignty assured and the peace of mind only our Ultra Secure, ultra available solutions can provide.”

 

Secure Slice Object Storage is the first product to be made available under The Bunker’s channel partner programme. This comprehensive Cloud solution solves the growing challenge of data storage by creating redundant storage with built-in encryption that is infinitely scalable. It provides mid-market firms with a cost-effective solution for safely storing backup and archiving data securely in the Cloud. Further offerings from The Bunker will be made available to approved VARs under its channel partner programme over the coming months.

 

“A growing number of VARs see the Cloud playing a major role in the future of their business, with Object Storage providing an excellent entry point as it enables them to expand their portfolios without impacting on existing business or their security stance,” continues Neal. “With The Bunker’s Object Storage, VARs are assured of full compliance with regulatory mandates. Crucially, it enables them to establish a recurring revenue model alongside traditional sales and realise a significant uplift in margin.”

Upgrade offers organizations more tools to alert, assess, and act on threats to people, facilities, supply chain and operations

 

Lansing, MI – IDV Solutions, LLC, has launched the latest release of its Enterprise Risk Visualization (ERV) software, Visual Command Center® 4.0.

The new version brings enhanced weather radar data, new alert actions, an updated tablet interface, and other capabilities that will empower organizations to protect people and assets, ensure continuity of operations and optimize performance.

“As organizations continue to face an increase in global risks, Visual Command Center 4.0 does even more to empower them to effectively and efficiently respond to risk,” said George Siegle, Director of Product Management, IDV Solutions. “This new release brings refinements to operational workflows, additional capabilities for connecting to data sources, and behind-the-scenes enhancements.”

Visual Command Center provides a real-time, common operating picture of a company’s assets, personnel and operations in relation to potential threats to those assets. It unites information on global sources of risk, like weather, terrorism, and natural disasters, with data from an organization's internal data stores and physical security systems on an interactive map and timeline. When a risk is detected near an asset or employee location, Visual Command Center automatically generates an alert and provides tools to assess whether the risk is a threat and take immediate action to mitigate the impact of the threat.

Some of the world’s largest private and public organizations use Visual Command Center for corporate security, crisis response, event security, traveler and VIP protection, public safety, supply chain risk management, field services risk management and more.

The platform’s updated tablet interface, Tablet AlertViewer, supports on-the-go command center staff and security/risk executives as they respond to alerts from wherever they are working. Other Visual Command Center 4.0 changes include the new storm chaser-quality radar, new actions related to risk alerts that allow operators to eliminate excess noise, and behind-the-scenes changes.

To request more information and to learn how Visual Command Center can support your organization, click here.

About IDV Solutions, LLC

IDV Solutions, LLC helps organizations take command of risk by delivering Enterprise Risk Visualization capabilities through software and services that enable organizations to protect their assets, ensure continuity of operations and optimize performance. Its Visual Command Center software is used in organizational functions such as security, field services, supply chain, and operations. By repeatedly solving key problems for customers in the Global 2000 and government, IDV and its products have earned a reputation for delivering immediate value and building risk resilient organizations. For more information, please visit http://www.idvsolutions.com.

Company's 101st Patent Describes Technology That Allows Dot Hill to Deliver AssuredSAN Arrays With Software Optimized for Media & Entertainment, Video Surveillance, Telecommunications, and Oil & Gas

LONGMONT, Colo. – Dot Hill Systems Corp.(Nasdaq:HILL), a trusted supplier of innovative enterprise-class storage systems, today announced that it has been awarded a patent for a write-cache management feature that intelligently manages cache usage, allowing Dot Hill AssuredSAN® storage solutions to improve write performance by up to 100 percent in demanding storage workloads with high stream counts.

The innovation allows Dot Hill to deliver AssuredSAN storage systems that are optimized to maintain high performance for randomized sequential workloads. This is critical to Dot Hill's continued success in vertical markets such as Media & Entertainment, Video Surveillance, Telecommunications, and Oil & Gas, among others, which require storage solutions that can effectively manage multiple data streams with high throughput. Dot Hill AssuredSAN storage systems enable these businesses to edit video content faster, ingest more network traffic streams, and analyze seismic data more quickly. This unique feature establishes Dot Hill to address the need for massive ingest of sensor data as the Internet of Things becomes a reality. With more than 100 patents, Dot Hill continues its innovation leadership in storage solutions. The company's 101st US patent numbered 8,886,880 is used in all Dot Hill AssuredSAN solutions that are based on the company's 4004 storage controller series.

Dot Hill's latest patented technology provides improved write performance to RAID arrays by intelligently managing limited memory resources in advanced storage controllers. The controller maintains statistics on what is stored in the write-data cache as well as the history of previously received writes. Based on these statistics, the controller selectively maintains or stores information to storage devices in the write-data cache, while always maintaining space for new write-data. 

"With more than 100 patents in our portfolio, this latest breakthrough really sets Dot Hill apart from the competition," said Ken Day, chief technology officer, Dot Hill. "An integral part of our latest AssuredSAN 4004 offerings, this innovation allows our storage solutions to optimize write-cache functions in a superior fashion. Since the offerings of our competitors can't provide this feature in the same way that Dot Hill does, they may copy write-data too aggressively or not aggressively enough for randomized sequential workloads. The result is reduced performance compared to Dot Hill's solutions that deliver data where customers need it, and at the speed that they need it."

Dot Hill's patent portfolio builds on the extensive intellectual property behind Dot Hill AssuredSAN and AssuredSAN Pro solutions, which deliver rock-solid, wicked-fast performance to customers and OEM partners. Dot Hill's continuous innovation benefits the company's key vertical market customers in a variety of imaging applications such as Media & Entertainment, Video Surveillance, and Digital Imaging, as well as Telecommunications, Oil & Gas, and Big Data & Analytics sectors that require high-performing storage to support demanding applications.

About Dot Hill

Leveraging its proprietary Assured family of storage solutions, Dot Hill solves many of today's most challenging storage problems - helping IT to improve performance, increase availability, simplify operations, and reduce costs. Dot Hill's solutions combine breakthrough software with the industry's most flexible and extensive hardware platform and automated management to deliver best-in-class solutions. Headquartered in Longmont, Colo., Dot Hill has offices and/or representatives in China, Germany, India, Japan, Singapore, the United Kingdom, and the United States.

For more information, visit us awww.dothill.com.

HILL-G

Statements contained in this press release regarding matters that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. Because such statements are subject to risks and uncertainties, actual results may differ from those expressed or implied by the statements. For a discussion of risks and uncertainties that Dot Hill may face, please consult the Forms 10-K and 10-Q most recently filed with the Securities and Exchange Commission by Dot Hill. Forward-looking statements speak only as of the date they were made and Dot Hill undertakes no obligation to update such statements to reflect changes in circumstances and events.

PARIS – Ekinops, a leader in providing next-generation optical transport solutions, achieved remarkable product reliability performance in 2014, the company announced today.

Ekinops revealed its Product Reliability Metric (PRM) of 0.33% for 2013/2014. PRM is the metric used to quantify the number of equipment failures over a specified period of time as measured against the embedded base of equipment. Across the industry, the average is between 1% and 1.5%, which means Ekinops outperformed the average.

“While it may not always make the headlines, at the end of the day, we believe that product quality and reliability are the keys to a long-term partnership with our customers around the world,” said François Xavier Ollivier, COO at Ekinops.

Ekinops' superior product quality is definitely noticed by its customers, such as Recovery Point Systems, a leading U.S. national provider of integrated business continuity and IT disaster recovery solutions.

“Successful disaster recovery depends on the network. If the network stops, the service stops,” commented Marc Langer, President and Founder of Recovery Point. “The Ekinops DWDM technology not only delivers nearly unlimited transport capacity and supports all of our business-critical protocols, but the simplicity of the platform translates to minimum operational support and attention. This helps us provide a consistent, positive customer experience.”

Recovery Point’s network was designed for maximum performance, security and flexibility. The infrastructure, thanks to the Ekinops 360 optical transport platform, allows clients to eliminate many of the complexities, delays and expenses of last-mile, local loop, and long-haul circuits. As the size of these data circuits continues to grow, so does the value of the network.

Ekinops recognizes that any impairment or loss in the transmission of data can have a negative effect and even pose a significant risk to the network operator’s business. That is why Ekinops has developed and continues to refine products and processes that insure the delivery of services of the highest quality and reliability.

“At Ekinops, we are fully committed to delivering innovation as a layer one optical transport solution leader and our exceptional product reliability is helping us achieve that goal,” concluded Ollivier.

About Recovery Point

Recovery Point is a national provider of IT solutions focused on business continuity, disaster recovery, managed hosting and robust, carrier neutral network services. Delivered from the most secure and resilient recovery facilities in the industry, Recovery Point helps clients plan and execute robust recovery testing programs and recover business operations quickly and economically in the event of a significant, unplanned interruption of IT infrastructure. For more information about Recovery Point, visit www.recoverypoint.com

About Ekinops

Ekinops is a leading supplier of next generation optical transport equipment for telecommunications service providers. The Ekinops 360 addresses Metro, Regional, and Long-Haul applications with a single, highly-integrated platform. Ekinops is a market-leading innovator in 100G transport with a coherent line of products that truly optimizes optical networks and comes in 1RU, 2RU or 7RU chassis. The Ekinops 360 relies on the highly-programmable Ekinops T-Chip® (Transport-on-a-Chip) architecture that enables fast, flexible and cost-effective delivery of new services for high-speed, high-capacity transport. Using the Ekinops 360 carrier-grade system, operators can simply increase capacity of their networks – CWDM, DWDM, Ethernet, ESCON, Fibre Channel, SONET/SDH, and uncompressed video (HD-SDI, SD-SDI, ASI). Ekinops is headquartered in Lannion, France, and Ekinops Corp., a wholly-owned subsidiary, is incorporated in the USA. For more information, visit www.ekinops.net

SAN FRANCISCO, Calif.Scandit, developer of the leading software-based barcode scanning solutions for smartphones, tablets and wearable devices, today unveiled a new mobile app suite for the transportation and logistics industries designed to greatly enhance enterprise profitability and operational efficiency. The company also announced that it is launching a cloud-configurable barcode scanning solution, which offers powerful new enterprise-ready barcode workflows that can be effortlessly created online.

 

The new Mobile App Suite for Logistics and Transport consists of mobile app templates and powerful backend services that are ideal for logistics and transportation businesses. Available separately or bundled together, each solution within the Mobile App Suite—Pickup and Delivery; Shipping and Receiving; Asset Management; and Check-In and Boarding—is fully-customisable and cross-platform, allowing businesses to transform smartphones and tablets into enterprise-grade scanning devices without the need to purchase separate standalone barcode scanners. Scandit’s comprehensive selection of customisable mobile app templates speeds time-to-market and reduces costs for companies looking to bring mobile efficiencies to existing operations by eliminating the need to develop purpose-built apps and backend services.

 

“Transportation and logistics businesses power the flow of goods and services for millions of businesses and consumers every day around the world. The new Mobile App Suite for Logistics and Transport helps these businesses lower costs, increase efficiencies, and boost worker productivity by enabling them to use existing mobile devices in new and powerful ways,” said Samuel Mueller, CEO of Scandit. “By turning a standard smartphone or tablet into an enterprise-ready scanning device, logistics and transportation companies benefit from greater control and visibility into their operations while empowering employees to manage workflows more effectively, greatly enhancing their competitiveness and profitability.”

Scandit’s mobile app solutions for Logistics and Transport enable companies to:

  • Streamline operations and drastically improve tracking processes — Next-generation barcode scanning technology offers a powerful fully-integrated SDK and customisable app templates that enhance product tracking and delivery and enable a range of new services for gaining visibility into logistics and transportation operations.
  • Reduce upfront and operational costs — Logistics and transportation businesses are able to leverage existing hardware and infrastructure without the need for dedicated devices while empowering employees to use familiar smartphones and tablets.
  • Future-proof operations and user experience with the most flexible platform available — Fully customisable for the perfect user experience across iOS and Android and a wide array of platforms, including smartphones, tablets, and wearables, Mobile App Suite for Logistics and Transport enables businesses to prepare for future operations.

About Scandit

Scandit delivers high performance mobile solutions for smartphones, tablets and wearables, designed to transform consumer engagement and operational efficiency for today’s forward-looking enterprises. Scandit solutions are built on its patented software-based barcode scanner and are used in a variety of industries including retail, manufacturing and logistics. With more than 15,000 licensees in 80 countries, Scandit processes hundreds of millions of scans per year and develops enterprise-grade solutions for many of the world’s most prestigious brands including Ahold, Coop, Homeplus (Tesco), NASA and Saks Fifth Avenue. Founded in 2009 by a group of researchers from MIT, ETH Zurich and IBM Research, today Scandit and its network of global integration and technology partners are pushing the boundaries of mobile AIDC (automatic identification and data capture), delivering groundbreaking identification and data capture applications to customers. For more information visit www.scandit.com.

Move will allow company to better serve distinct sets of customers and partners

 

Parallels® today announced the rebranding of its Service Provider business unit. Effective immediately, the company’s Service Provider business will operate as Odin (www.odin.com) while the Cross-Platform Solutions unit will continue to operate as Parallels (www.parallels.com).

 

“Operating under two distinct brands will enable us to better serve customers, address market shifts and capitalise on the tremendous potential we see in both of our two businesses,” said Birger Steen, chief executive officer of the Parallels group. “Odin will continue to focus on helping its more than 10,000 service provider customers worldwide drive profitable growth with cloud services. The Cross-Platform Solutions unit, Parallels, will continue to provide the best cross-platform experience to millions of users of Parallels Desktop for Mac, Parallels Access and its other market leading products.”

 

Odin

Odin provides software that powers the cloud ecosystem, from small and local hosters to some of the world’s largest telecommunications providers. Odin delivers industry expertise, a catalogue of in-demand cloud applications, and the most comprehensive selection of software including web server management, server virtualisation, provisioning, and billing automation. With offices in 15 countries, Odin supports more than 10,000 service providers in delivering applications and cloud services to more than 10 million SMBs.

 

Parallels

Parallels makes it possible and simple for customers to use and access the applications and files they need on any device or operating system. Our products include Parallels Desktop for Mac (www.parallels.com/desktop), the No.1 selling software for running Windows applications on a Mac, and Parallels Access (www.parallels.com/access), the industry-leading remote access productivity app. Parallels recently acquired 2X Software, (www.2x.com), a leader in desktop virtualisation, application publishing solutions and mobile device management (MDM).

Leading banks and financial organisations are choosing international specialist’s method-driven approach and cloud-based software in support of improved productivity

 

Reading, UK – Active Operations Management International (AOMi) has announced major contract wins in Ireland, including a new deployment with Dublin-based Bank of Ireland.

 

Widely used in the global financial services industry, Active Operations Management (AOM™) combines best-practice operations performance management approaches with its Workware™ planning and control software platform. The rapid payback and results delivered via AOM address analyst beliefs that, in the current static market, improving performance and control is important for European banks and financial services companies.

 

The announcement follows AOMi’s acquisition of RedOwl Technology Ltd in April last year, which has offices in Limerick, extending the firm’s footprint in Ireland.

 

“The growing demand AOMi is seeing in Ireland stems from an industry-wide need in the financial services sector to make internal operations match fit and ready for growth,” said AOMi Chairman John O’Connell. “By increasing their operational agility, organisations are much better equipped to deal with strategic change, from boardroom reshuffles to the introduction of new processes or regulation. It also supports financial services businesses in reacting to and managing external factors, such as adjustments to lending criteria.”

 

Commenting on the current industry themes contributing to a rise in demand for improved operations performance management, Alex Potter, a banking analyst at Mirabaud Securities Revenue, said: “At the moment, growth opportunities remain limited for European Banks because of stable interest rates and limited new sales of debt into an already saturated banking system.

 

“With Basel III and other emerging standards pushing up capital requirements, growing the loan book becomes tougher still. This results in further pressure on cost control, cutting out bad costs, re-investing in good ones and doing more for the customer, for less. All of which makes any solution able to improve performance and control extremely attractive, especially where results can be rapidly delivered without the risks of major technology change.”

In December, AOMi confirmed a 40% uptake in users of its proprietary cloud-based Workware software in just six months across Europe. Worldwide, organisations already using AOM, such as Abu Dhabi Commercial Bank (ADCB), South Africa’s Nedbank and Barclays Africa, have all extended the number of Workware users in recent months. In all, AOMi now has 20 banks operating on five continents as clients and is managing around 30,000 staff within these organisations.