NOMAD Software is already well established in Poland, having provided payment solutions to two premier banks supporting ongoing major growth plans - Bank Zachodni WBK and Bank BPH. The partnership with TALEX will give NOMAD an operational base in the region. In addition, the close collaboration will enable NOMAD to draw upon TALEX's in-depth knowledge and experience in strategic implementations and help to extend its reach across the Polish banking and financial sector.
This new agreement forms part of NOMAD's Alliance Partnership Programme, which forges partnerships with companies based in EMEA. Access to specialist market expertise will enable the scope of NOMAD's solutions to be extended and tailored for specific territorial and customer nuances.
John Yeomans, Chief Executive of NOMAD Software, commented: "We're stepping-up our channel activity and this partnership fits in perfectly with our EMEA expansion initiative. TALEX is our partner of choice in the Polish market, following joint cooperation on projects within Bank Zachodni WBK. Both organisations have well-established relationships with BEA Systems and Oracle, which adds a further dimension to this relationship."
He added: "According to European Card Review, between 1998 and 2002 the number of issued bank cards in Poland increased more than fourfold from 3.9 million to 16.8 million. The financial services market in Poland is clearly advanced, and we are looking forward to working with TALEX who will provide us with in-roads into this dynamic market."
Janusz Gocalek, Chief Executive of TALEX commented: "Many banks and financial institutions in Poland are using aging or over-complex legacy systems making it costly and time consuming to offer innovative services."
Gocalek added: "In a bid to provide financial institutions with a fast, reliable, flexible and secure card payment system, we did not hesitate to join forces with NOMAD Software for its NOMAD CORTEX solution. Our sound understanding of the Polish banking sector, coupled with our footprint in Poland means that we are perfectly positioned to provide NOMAD Software with a rapid route to market."
NOMAD is providing TALEX with extensive sales and consultancy support.