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3i Infotech bolsters Western European Factoring Practice

3i Infotech, a global provider of IT solutions today announces that its Western European Factoring Practice took a significant step forward in its expansion with the appointment of Cynthia and Brian Hennessey.

Cynthia Hennessey has joined as Pre Sales Manager. Cynthia brings almost 20 years of industry knowledge to the team; 8 years working in a Sales and Marketing role for two major UK factoring companies; the old Lloyds Bank factoring arm, International Factors and later Venture Finance followed by 11 years as an Account Manager for a Factoring software supplier; Surecomp Limited, managing a portfolio of clients in both the UK and international markets. As well as managing clients, Cynthia has been involved in acceptance testing and training of users on the factoring system.

Cynthia Hennessey says: “I am delighted to be joining the 3i Infotech Factoring team at a time when there are many sales opportunities arising in the emerging markets for the KASTLE™ Factoring system. With the system being a complete solution incorporating a robust & integrated risk management module for the factoring portfolio, I am confident it will be well received”.

Brian Hennessey has joined the Factoring Practice as a Business Analyst. Brian has 20 years experience in software development involving all aspects of the project lifecycle, 13 years of which have been spent developing factoring software for a UK software supplier; Surecomp Limited. He has been involved in Factoring, Invoice Finance and Asset Based Lending projects in the UK, European and US markets. .

Brian Hennessey adds: “There is an expanding market for factoring software throughout Eastern Europe and the newly formed EU Members. The market demands web based platform independent systems that can easily integrate with other products. With KASTLE™ Factoring, 3i Infotech have a proven product to meet this demand. I am very excited about moving the product forward to cater for specific needs of the emerging markets. I feel confident that my product and business knowledge will be of great assistance to 3i Infotech in driving the KASTLE™ Factoring product forward.

Faisal Khan, Head of Banking, 3i Infotech – Western Europe says: “Brian and Cynthia bring a wealth of knowledge and experience to the team. We are delighted to be able to strengthen the business with such valuable experience, particularly during a time when the factoring market continues to experience significant growth throughout Europe and established software vendors struggle to serve the market with modern technology.”