ERI & SOFGEN Announce Partnership Agreement

Geneva - 20 December 2011

SOFGEN Holdings Limited (SOFGEN), an international provider of IT solutions for banks, and ERI are pleased to announce that they have signed a global partnership agreement.

The agreement covers cooperation on furnishing services to users of the OLYMPIC Banking System. As such the wide experience and deep resource pool of SOFGEN consultants will now be available to both new and existing users of the OLYMPIC Banking System, in addition and as a complement to, the services directly concentrating on the OLYMPIC Banking System itself from ERI.

Nicholas Hacking, Sales Director at ERI, said, "We are looking forward to working with SOFGEN's worldwide network on developing business together, and in further assisting our large and diverse client base to maximise the value they receive from their investment in the OLYMPIC Banking System. We are confident that SOFGEN's service offerings combined with OLYMPIC's extensive functional coverage and highly competitive Total Cost of Ownership will prove to be a winning combination."

ERI and SOFGEN will work on the integration of SaveTax, SOFGEN's leading edge multi-jurisdictional tax calculation and reporting platform for high net worth clients, which currently covers 9 European tax jurisdictions, the latest addition being Germany.

Andre Israel, SOFGEN COO, commented, "We greatly value this new partnership which we will bring our private banking and wealth-management expertise to bear on an ever increasing number of banks in more markets than ever before."

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