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SmartStream expands African operations with new office in Johannesburg

SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced that it has expanded its global operations with the opening of a new office in Johannesburg.

SmartStream has an established client base in Africa and the launch of this new office signals its intent to provide a full range of middle and back-office solutions through a direct sales operation with assistance from channel partners in certain countries. The new operation will be led by Pritesh Kotecha, Vice President Middle East, Africa and South Asia. Roland Brandli has also been appointed Sales Manager, Africa.

Commenting on the increased market presence, Pritesh said, “Over the past few years SmartStream has transformed itself by bringing a wealth of new middle and back-office automation solutions to market. In Africa, growth rates, combined with client and regulatory demands, are forcing organisations to seek ways to achieve greater efficiency and control, while looking to drive down unnecessary costs. I truly believe SmartStream is in a unique position to help these firms and I am looking forward to working with these institutions to achieve more efficient, streamlined and cost-effective operations.”

Roland added, “The Johannesburg office is a significant step for SmartStream, it demonstrates our intention to invest resources in this rapidly developing market. As financial institutions in the region continue to experience a high level of growth, the need for automation is becoming more pressing. By establishing a local presence we are not only able to provide a better service to our existing clients, but can also help other firms in the region by delivering scalable and flexible transaction processing environments.”

To launch SmartStream’s new South African operations, the office will be hosting a series of transaction lifecycle management focused events over the coming months.