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HandySoft announces cooperation with T-Systems to bring Business Process Management and Outsourcing solutions to German-speaking markets

London (UK), Magdeburg (Germany) – 14th September 2004 - HandySoft Global Corporation, a leading provider of Business Process Management (BPM) solutions, has further underlined its long-term commitment to the European market by announcing a cooperation with one of Europe’s leading providers of information and communications technology (ICT), T-Systems, a division of Deutsche Telekom. As a starting point, the companies will work together on some projects in the market of Business Process Outsourcing and Business Process Management. HandySoft will provide software solutions and T-Systems will be responsible for consulting, customizing, hosting and service. The applications will run in T-Systems data centers.

Initially, sales activity will target the German, Austrian and Swiss markets, and will focus on existing HandySoft applications like e.g. Government applications, AR/ AP applications, SOX solutions etc.. The flagship solution SOXA for example is designed for US-listed, European companies to help them meet the stringent reporting requirements of the Sarbanes-Oxley Act. If cooperation successfully develops, the sales focus could be expanded to include further solutions from HandySoft’s BizFlow product portfolio, and other jointly developed services.

The BizFlow portfolio could be delivered both as a solution from HandySoft and as part of managed hosting or outsourcing services from T-Systems’ e-business technology and managed service capabilities. BizFlow controls and optimises core business processes, and has a global client base of organisations in finance, government, healthcare and manufacturing.

Wendy Cohen, EMEA sales and operations director, HandySoft, comments, “We are confident that cooperating with such a respected European integrator as T-Systems will be successful and significantly enhance our position in the German-speaking world. The combination of HandySoft’s proven Business Process Management software and T-Systems’ advanced web services and strong customer focus represents a compelling proposition.

"Europe’s strengthening economic recovery is heralding a revitalisation of investment in IT. At the same time, European corporates are under pressure to tighten up internal financial controls in line with their US counterparts, and it is even likely that legislation similar to the Sarbanes Oxley Act will be implemented in Europe. We predict that Business Process Management solutions will play a key role in meeting these market needs."