Rubikon rises to top six in the 2009 IBS Sales League Table

8 March 2010

Neptune Software plc, a leading international provider of banking and finance systems, today announced that its flagship banking solution – Rubikon, achieved a top six universal banking system ranking in the IBS Sales League Table of banking system vendors.

Rubikon was launched in 2008 and in that year Neptune signed 3 banks for implementation, which is a momentous achievement in its own right. To move from the 18th place in the IBS Sales League Table in 2008 to the 6th for universal banking solutions in 2009 through 11 new clients is an even greater accomplishment.

Neptune’s Chairman, Mr. Simeon Agu, stated ‘Securing Rubikon as one of the top 6 universal banking solutions worldwide, in only its second year of system availability, is a fantastic success. This is even more significant, given the ongoing very negative market conditions. Our position this year in the IBS Intelligence Sales League Table is a springboard for Rubikon, in that it shows the world that Rubikon is a world class solution.’

Rubikon, with its leading edge design and architecture, will continue to triumph and the latest position in the League couldn’t have come at a better time for Neptune, especially with the establishment of Neptune Financial Software Pvt. Ltd. in Chennai to take over all the staff of our outsourced operation, previously owned by Cordiant Technologies in India. Additionally, Neptune has plans to further expand its global presence and negotiations are currently underway with key distribution partners in Latin America, Middle East and Russia/CIS.

The IBS Sales League Table is published by IBS Intelligence and is based on sales of back-office banking systems to new clients.

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