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PROFILE forms a strategic alliance in DUBAI

IMSplus is now installed in the United Arab Emirate

PROFILE has entered into a strategic alliance with The Communication Group, a large financial and technological group of companies headquartered in Denmark. The main objective of the alliance is the promotion and local implementation of IMSplus – the company’s leading investment management software platform – in the Gulf countries (United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain).

The Communication Group’s decision to enter into the alliance and select the IMSplus Brokerage configuration was based mainly on the system’s rich functionality, scalability, its ability to seamlessly integrate with other solutions such as the Asset & Wealth Management module as well as PROFILE’s international client base with current installations in 7 countries in Europe, the Middle East, Africa and Asia.

As an integral part of the agreement, the IMSplus Brokerage solution will initially be installed at a Dubai brokerage firm, which is an affiliated company of The Communication Group, with the objective of automating all transaction-related functions with the 3 Stock Exchanges in the U.A.E. including Dubai and the Abu Dhabi (DIFX, DFM, ADSM).

Specifically, PROFILE will provide the local implementation of IMSplus integrating with its advanced e-trading platform for investors, which among others provides on-line market monitoring, on-line portfolio valuation and management as well as transaction monitoring, thus providing the Customer with a complete and integrated transaction management and trading platform. This integrated transactions monitoring and trading platform provide multi channel functionality access such as desktop client, PDA and Internet access.

The technological platform, that will be available for the Group and its customers is ASP (Application Service Provider), will provide them with easy and secure access via the web to servers, utilizing PROFILE’s Data Center, from any location and at anytime over secure connections.