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Cylite Announces Integrated Business Development Services for Financial Software Vendors

New Offerings Greatly Enhances Clients Abilities to Serve Customers

Frankfurt, Germany (April 28, 2004) Cylite Consulting, a Frankfurt, Germany based business and sales acceleration firm specialized in providing market entry and business development (outsourced sales) support for banking software vendors have expanded their service offering to encompass facilities management and professional services support.

Stefan Schnitzler, co-founder and Managing Partner of Cylite stated, "With banks and other financial services organizations taking a holistic view on vendor selection, company risk and project-delivery risk are on every decision maker's agenda. To enable software vendors to better meet their client expectations we have expanded our service offering to include facilities management and project delivery services".

There are clear signs that investment in banking application software in continental Europe is picking up in 2004. "Banks are conscious about having a local entity to deal with and local resources for project implementation. Whilst few medium size vendors can afford to make all these upfront investments, Cylite provides a full service business development offering" adds Schnitzler.