02.10.2007 13:00:00
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Sterling Commerce Partners with Allied Engineering Group and Alliance Factors to Expand Global Financial Services Offerings
At Sibos 2007, Boston, Sterling Commerce, an AT&T Inc. (NYSE:T)
subsidiary, today announced partnerships with Allied Engineering Group
and Alliance Factors to distribute Sterling Commerce solutions for the
financial services industry in Africa, the Middle East and the
Commonwealth of Independent States (CIS countries). By combining
Sterling Commerce financial services solutions with the companies’
regional expertise, business focus and experience in payment systems,
these partnerships provide Sterling Commerce with a strong platform to
deliver flexible and customer-focused solutions to end-users in these
markets.
Allied Engineering Group’s territory spans
more than 40 countries, and Alliance Factors’
territory covers 13 countries. Together with the partnership with Perago
Africa, Sterling Commerce expertise now spans more than 75 countries
across Europe, the Middle East, Africa and Central Asia, delivering
additional value to the SWIFT member community through continued
investment and expansion in established and emerging markets.
Sterling Commerce and Allied Engineering Group see a significant
opportunity to provide Middle Eastern and African organizations with
solutions to integrate, automate, secure and manage the exchange of
financial and payment information. Allied Engineering Group is a leading
provider of financial infrastructure services and a SWIFT Business
Partner, Service Partner and Solutions Partner for the Middle East,
Africa and Cyprus. Sterling Commerce and Alliance Factors are partnering
to support the growing demand in Russia/CIS and Mongolia. Alliance
Factors, also a SWIFT Business and Service partner, offers integration
middleware and straight through processing (STP) solutions.
Sterling Commerce, celebrating its fifth year of SWIFT partnership
status this year, offers a unique combination of network, community
management and market-leading, multi-enterprise collaboration
infrastructure solutions to help financial services organizations to
optimize and integrate business processes within their enterprise and
among their trading communities.
"The partnerships with Alliance Factors and
Allied Engineering Group build on the existing relationship between
Sterling Commerce and SWIFT to provide comprehensive solutions to the
financial services industry,” said Michele
Carvalho, director of business partners for Sterling Commerce. "With
these two new partners, Sterling Commerce continues to execute on its
growth strategy to deliver solutions for the financial services
industry. Both companies are well positioned in this territory and
business area to deliver these solutions at optimal value for our
customers.” "Through the partnership with Sterling
Commerce, Alliance Factors will be able to extend its solution offering
to our existing customer base and unlock new business opportunities
based on the Sterling Commerce solution set,”
said Alexander Kousheversky, director of sales and business development
for Alliance Factors. "In Sterling Commerce,
we see a partner with a proven track record of providing
industry-leading products and solutions to financial services customers
worldwide. This fits perfectly with Alliance Factors’
vision to provide financial system solutions within the larger financial
services market.”
"Sterling Commerce has a long-standing reputation as a company with the
vision and expertise to provide industry-approved solutions to solve
complex business challenges,” said Dr.
Mohamed Sadek of Allied Engineering Group. "Our
partnership with Sterling Commerce presents a powerful proposition on
which we can further build and extend our own experience to deliver
additional value to our customers as well as exploit new business
opportunities.”
Sterling Commerce will be showcasing the Service Bureau offering and
Sterling Multi-Enterprise Finance Gateway at Sibos, taking place from
October 1-5 in Boston. For more information, please visit the Sterling
Commerce Stand, G33, or visit us online at www.sterlingcommerce.com.
About Allied Engineering Group
Allied Engineering Group (AEG) was established in 1993 in Lebanon, and
expanded to open branches in Bahrain, Algeria, Egypt, Iran, Iraq, and
soon in Cyprus and Ivory Coast. AEG offers software applications
products and high-quality IT consultancy services to financial
institutions and has been a SWIFT Service Partner and SWIFT Business
Partner since 1998. AEG has today the largest Service Bureau with 285
member banks. It also offers service to more than 450 banks in 40
countries. For more information, please visit www.aeg-mea.com.
About Alliance Factors
Alliance Factors Ltd. is a provider of professional services and
solutions for the FSI since 1994. Being Business, Service and Education
Partner of SWIFT the company serves 800+ banks and financial
institutions in Russia, CIS and Mongolia. SWIFT Service Bureau operated
by Alliance Factors Ltd. outsources SWIFT infrastructure for 139 small
and medium size banks. Among other business lines of the company are
implementation of banking applications, STP and integration solutions,
certified maintenance and enhancements for the hardware and software
environment. Detailed information about Alliance Factors Ltd. can be
found at http://www.alliance.ru.
About Sterling Commerce
Sterling Commerce, a subsidiary of AT&T Inc. (NYSE:T), has more than 30
years of leadership and expertise in extending processes beyond the edge
of the enterprise to enable visible business with suppliers, customers,
partners and employees. With more than 29,000 customers worldwide, the
company is one of the world’s largest
providers of multi-enterprise collaboration solutions. Sterling Commerce
builds collaborative, multi-enterprise communities for customers in the
retail, consumer packaged goods, manufacturing, financial services,
healthcare and telecommunications industries. For detailed, up-to-date
information about Sterling Commerce and its solutions, visit http://www.sterlingcommerce.co.uk.
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