Callataÿ & Wouters and Clearstream Services launch a joint ASP offer

Luxembourg - 25 October 2006

Callataÿ & Wouters, Belgian leader and specialist in banking and financial software, and Clearstream Services, supplier of IT services to the financial sector, join their effort within the framework of a partnership agreement, to provide a joint ASP (Application Service Provider) offer to the financial institutions.

Clearstream Services will host the Thaler front and back-office banking software package as part of its IT environment, so as to offer an expanded range of services to banks based in Luxembourg and beyond. The two companies already provide a full chain of services which are fully adapted to the needs of the market, from the implementation of Thaler in the Clearstream Services infrastructure to the 24-hour monitoring of production, as well as user support, follow-up management and the Disaster Recovery Center.

Callataÿ & Wouters and Clearstream Services are both certified Professionals of the Financial Sector (PFS), the sine qua non condition for offering their services in the Luxembourg banking sector. The partners are expected to announce that they will soon be signing a contract with their first joint client.

For Yves Baguet, Managing Director of Clearstream Services: “The Thaler software package edited by Callataÿ & Wouters, responds specifically to the needs of different banking activities, thanks to its broad and complete functional cover. Our choice is confirmed by Callataÿ & Wouters’ clear strategy and financial stability, which are both signs of longevity and growth.”

For Didier de Callataÿ, CEO of Callataÿ & Wouters: “For Callataÿ & Wouters, Clearstream Services constitutes the ideal partner on more than one level: its expertise on the Luxembourg market, as well as its local force of over 500 specialists make it indisputable. In addition, the fact that both our companies are PFS in Luxembourg enables us to offer a completely innovative, integrated range of services there. Finally, Clearstream’s worldwide presence and reputation constitute a major asset.”

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