26NOV04 – TCG (The Communications Group) and Omikron Systemhaus GmbH have signed an agreement by which TCG has acquired the rights to sell and support MultiCash in France and Spain. Further both companies have agreed that TCG will take over the existing business including people and offices from Omikron in France and Spain. The French office of TCG will get the responsibility for France and Monaco and the Spanish TCG office will be responsible for Spain and Gibraltar.

TCG’s foot print has increased dramatically during the recent months. Besides the head office in the offices in the Czech Republic, offices in Kazakhstan and Russia; TCG now also has offices in The Netherlands, France and Spain. In addition TCG is present in Austria, Hungary and Romania.

By taking over the existing MultiCash® business the customer base of TCG has increased with Banque CIALial, Commerzbank France, Deutsche Bank France, Société Générale France and Spain, ABN AMRO Spain and Monaco.

According to Rudolf Fontijn, TCG’s CEO, the new offices will provide the perfect platform to further extend the MultiCash usage within Western Europe. WithSince MultiCash is the market leader in Europe for Electronic and Internet Banking, and MultiCash is fully localised for the French and Spanish markets, TCG has great expectations of increasing the customer base.

Further TCG will launch a direct approach towards the Treasurers of large Corporations, because MultiCash enables them to fully integrate their fulfils their need of having their accounting system / ERP and treasury management system with their cash management solution fully integrated with MultiCash. By integrating MultiCash the Treasurer can automatically send payment orders to its banks in a secure manner, as well as automatically retrieveing statements from its banks. And since MultiCash has been localised for more than twenty different countries, it provides a real European- wide coverage of domestic payment formats.

Market leading

Besides MultiCash, TCG offers a number of market leading software products to its customers. TCG is partner of CityNetworks that has supplied systems for AutomatedAccounts Reconciliation Solutions and Confirmation Matching to more than 500 financial institutions. TCG also represents ai Corporation – the makers of RiskNet, the well known Visa certified system for fraud detection and prevention in use by major cCards Issuing and Acquiring institutions in Europe and the USA. Recently TCG also increased its dealings with NetSupport to supply the award winning NetSupport Products rangeManager system to a wider range of countries.

Through its team of twenty five Associate Consultants, TCG has been working in more than thirty countries providing Consultancy to Banks. The TCG Consultants all have been working in Senior Management positions in International Banks and have all gained a multitude of international experiences.

TCG is working for major International Financial Institutions in the fields of Consulting, Software Sales & Support and Outsourcing. Further TCG teams up with large cConsulting firms to participate in tenders for international organisations as the World Bank and the European Bank for Reconstruction and Development.

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