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Jenny Bedran
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HOLCOM Group Becomes a Shareholder in Capital Banking Solutions

Capital Banking Solutions, a provider of end-to-end banking software for retail, corporate and private banks, today announced that HOLCOM Group, a $3B IT Group with presence in the Middle East, Europe and Africa, has become a shareholder.

"We are excited by HOLCOM's investment in us and see it as a testament to our strength, vision and direction as a company," said Nicolas Jabbour, Group CEO of Capital Banking Solutions. "The partnership offers our company and our customers tremendous benefits by empowering us with expanded reach, additional resources and a full spectrum of strong IT capabilities. By working together with HOLCOM we know that we can further grow our portfolio of offerings and provide continued excellence in the banking field while accelerating the execution of our strategic vision and plans for the company."

"As we invest in our value-add offerings we are excited to strengthen our position in the banking market by adding the Capital Banking Solutions' suite of products to our portfolio," said Mr. Claude J. Bahsali, Chairman & CEO of ITG (Holding) group which is affiliated to HOLCOM and will drive the partnership forward. "We will be able to approach our markets and customers with a broader range of high-quality products, as well as expand into new regions where Capital Banking Solutions has a presence. With our established reputation in the IT industry we look to team with companies like Capital Banking Solutions that have innovative software, a proven track record and the same commitment to customer excellence and professionalism."