FXall Successfully Implements Kovair Global Life Cycle for Customer On-boarding and Helpdesk Management

Milpitas, CA - 28 July 2008

Kovair Software, Inc. today announced that FXall, the world’s leading foreign exchange platform and provider of workflow solutions for foreign exchange and treasury products has successfully implemented Kovair Global Lifecycle Enterprise software for managing and automating their Customer On-boarding and Helpdesk processes.

"Kovair Global Lifecycle provides an industry leading Process engine to automate a wide range of business and IT processes," said Kovair Chief Technology Officer, Sky Basu. "With the help of Kovair Global Lifecycle’s 100% browser based interface, FXall is able to streamline and automate its On-boarding and Helpdesk Processes across their six offices in N. America, Europe, Asia and Australia."

Minor Huffman, Chief Technology Officer at FXall said “Our trading volumes continue to increase rapidly with average daily volumes of over $98bn last year and overall volumes up by 39% year on year in Q1. With almost 1,000.participants world-wide we required a solution that could help us manage such high level of growth. We believe that the power of Kovair’s Lifecycle management capability as well as its superior Workflow technology delivers the versatility and functionality we demand”.

Kovair Software, Inc.’s flagship product, Kovair Global Lifecycle, is a feature-rich, configurable global development and integration platform that offers a complete set of integrated tools and processes for managing the entire application lifecycle. Architected with a common user interface and a single shared repository to ease the complexities of “any time, anywhere” development, Kovair Global Lifecycle has been adopted rapidly in market sectors where there is a critical need for automated workflow and reliable, predictable application lifecycle management processes.

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