Logica and Wall Street Systems sign partner agreement

28 July 2008

Logica, a leading European IT and business services company, has signed a global partnership agreement with Wall Street Systems (Wallstreet), the global provider of treasury, trading and settlement solutions and services. Under this new agreement, Logica has been appointed as authorised reseller of Wallstreet Suite and as implementation services provider for some specific clients, such as central banks and debt management offices.

Wallstreet’s award-winning, flagship solution, Wallstreet Suite, enables efficient reserve management, asset management and monetary policy execution in a single integrated system. 98 per cent of Eurozone central bank reserves are currently handled by this solution, making Wallstreet the leading provider of front to back office systems to this market.

Logica and Wallstreet have been working together since 1998 to bring innovative, end-to-end solutions to treasuries. Working with clients in the Netherlands, Luxemburg, Switzerland, France and Morocco, Wall Street Systems and Logica are demonstrating that global expertise combined with local knowledge and advice yields powerful results.

Michel Massain, Sales Director for Central Market Infrastructure at Logica, commented: "Logica is working with over fifty central banks and institutions which operate central market infrastructures for interbank payments. Twenty of them are operating Real-Time Gross Settlement systems, and liquidity management solutions from Logica. By further extending our offering with Wallstreet Suite we are able to even better serve our clients with our global expertise and local presence."

The combination of Logica’s global presence and in-depth longstanding experience in providing innovative solutions to the financial services sector, and Wallstreet’s history of providing strategic application platforms to financial institutions will enable central banks to improve their reserve and cash management.

“Logica is well positioned to support us from both a business and technical perspective,” said Takis Hinaris, Director of Business Development for Government at Wall Street Systems. “As a leader in sales and implementation of complementary solutions, we expect Logica to play a fundamental role in further developing our business from government institutions. Having worked closely with Logica for a number of years on several successful projects, we expect this alliance to be mutually beneficial.”

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