Orc Software adds strategic partner for Gulf region

3 from Automated Trader Magazine

June 13th, 2008 - Orc Software has announced a comprehensive reseller agreement with Abana Enterprises Group.

Anders Henriksson, President, Benelux, Central and Eastern Europe, Orc Software: "Abana has the local expertise and market presence we require, and their contributions will be a welcome addition to our current sales and marketing activities in the Middle East."

The agreement enables Abana to resell Orc’s full range of products and solutions for advanced electronic trading and connectivity, and to provide additional services and support to local customers in Saudi Arabia, UAE, Kuwait and Qatar.

"Orc Software is a leading software supplier to the global financial markets, and we see a great need for their state-of-the-art electronic trading solutions in our region,” said Tanveer Ahmed Ansari, Director of Production with Abana Enterprises Group Co. "Orc delivers advanced trading and connectivity capabilities that can readily be deployed for creating competitive advantage by our customers and prospects."

"By teaming up with Abana, we greatly enhance our opportunities by offering strategic technology for electronic trading to financial markets in the dynamic GCC region," said Anders Henriksson, President Benelux, Central and Eastern Europe, Orc Software. "Abana has the local expertise and market presence we require, and their contributions will be a welcome addition to our current sales and marketing activities in the Middle East."