Orc signs independent service partner agreement with TradeTech Consulting
TradeTech Consulting to support Orc’s customers in the Nordic region with installation, customization, integration, upgrades as well as technical and business support.
Stockholm, SWEDEN, Tuesday March 29, 2011 – Orc Software (SSE: ORC), the leading provider of technology and services for the global financial industry, today announced a partnership with TradeTech Consulting, a leading provider of services to the treasury, asset management and capital markets space. Orc and TradeTech have signed an independent service partner agreement, where TradeTech will provide advanced development and integration services to users of Orc’s trading solutions in the Nordic region. The partnership deal was booked in Q4 2010.
Focused exclusively on finance, TradeTech Consulting offers a complete range of highly specialized services. To Orc customers, TradeTech offers support ranging from installation to technical and business support – throughout the process, or for specific assignments.
“We’re excited about becoming partners with Orc Software, a leading vendor that represents a highly innovative and agile trading technology,” says Joakim Wiener, CEO of TradeTech Consulting. “We are impressed with the pace at which Orc continuously renews their offering to stay at the edge of the ever-changing financial markets. We also appreciate the way Orc cooperate with partners and look forward to working with them and their customers.”
”With customers that only put their trusts in the best and continuously evolving trading technology, one can imagine the strategic importance for Orc to be working with the preeminent consulting partner in the region,” said Peter O Bäck VP Sales Nordic Region, Orc Software. “TradeTech Consulting not only possess the expertise to do the job; they also have an excellent reputation for quality. This, in combination with their strong local presence, made TradeTech the obvious choice to support our customers in the Nordic region.”
About Orc Software’s revenue model
Standard agreements follow Orc’s licensing subscription model, a flexible approach designed to streamline the customer on boarding process and provide ease of access to software updates, together with a mature support framework. Customers are invoiced quarterly, in advance, and revenue allocated to the invoicing period.
About TradeTech
TradeTech Consulting is a leading provider of consulting services to the treasury, asset management and capital markets space. TradeTech also provides customized business intelligence solutions tailored to these segments. Established in 1998, TradeTech serves four of Sweden’s top six corporates, as well as leading banks, asset managers and mid-sized companies. Visit TradeTech at www.tradetechconsulting.com.
About Orc
Orc is a leading provider of technology and services for the global financial industry. Orc delivers trading and market access solutions used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses worldwide.
Available as deployed software or as managed services, Orc develops and provides the tools needed for running a profitable trading and brokerage business in today’s competitive and ever-changing markets.
With market presence in all major global financial centers, Orc provides sales and support services from its offices across the EMEA, Americas and Asia-Pacific regions. Orc Software is listed on Nasdaq OMX Stockholm (SSE: ORC). www.orcsoftware.com
For further information, please contact:
Orc Software
Peter O Bäck, VP Sales Nordic, Tel. +46 8 506 477 69
Christine Blinke, VP of Marketing and Investor Relations, Tel. + 46 739 01 02 01
TradeTech Consulting
Katarina Klangby, CMO, +46 70 483 74 02, katarina.klangby@tradetechconsulting.com
Joakim Wiener, CEO +46 70 871 21 18, joakim.wiener@tradetechconsulting.com
Tags: