WorkLight and SAGE Partner to Deliver Mobile Applications for Money Management and Fund Administration

New York - 14 September 2010

The WorkLight Mobile Platform will extend SAGE’s Prospero software to smartphones and tablets

WorkLight and SAGE SA have announced an agreement which will make it easier for financial institutions around the world to extend their offerings to the growing array of smartphones and tablets.

Under the partnership, SAGE will integrate the WorkLight Mobile Platform with SAGE’s Prospero, and develop mobile applications that enable its customers to mobilize all aspects of financial operations, including asset management, wealth management and fund administration. The partnership covers the financial services market in Europe, Asia and the Middle East.

"We have seen increasing demand from our customers and the general market for rich mobile applications that meet the needs of the buy-side and sell-side financial communities," said Patrick Rotzetter, Chief of Business Development at SAGE. "The WorkLight mobile application platform allows us to efficiently and reliably extend Prospero’s modular software across multiple devices and deliver an optimal mobile experience."

"Companies in the financial services market and beyond must now support a multitude of mobile devices, which creates a series of challenges both for developer teams and IT operations," said Kurt Daniel, COO of WorkLight. "We are pleased to welcome SAGE as an OEM and reseller partner and contribute WorkLight’s technology advantages across the entire lifecycle of mobile applications."

Prospero is a suite of software modules that fills the needs of global financial professionals, including portfolio managers, brokers, traders and risk and operations managers. Modules are available for wealth, asset and credit management, fund administration, independent financial advisory, treasury, trading and core operations.

The WorkLight Mobile Platform enables companies to efficiently develop, run and manage applications securely for multiple smartphone and tablet devices. The WorkLight platform includes the WorkLight Studio for native and web application development, the WorkLight Server for secure delivery and backend integration with enterprise systems and the WorkLight Console for deployment, ongoing management and tracking of applications.

SAGE was recently selected as a “Hot Banking Tech Company to Watch in 2010” by Forrester Research Inc. in its July 2010 report entitled “Hot Banking Tech Companies to Watch in 2010: Q2 Update.”

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