Orc Software signs service partner agreement with BCC Group
Stockholm, SWEDEN, Tuesday March 31, 2009 – Orc Software (SSE: ORC), the leading global provider of technology for advanced trading and connectivity solutions, today announced a new independent service partner agreement with BCC Group International GmbH & Co, a consulting firm specialized in Market Data Software Technology.
According to the partner agreement, BCC Group will provide extensive services involving Orc solutions to customers in Austria, Germany and Switzerland, including installation; customization and integration; upgrades; and technical and business support of Orc products. The agreement is not limited to specific products, but will include Orc Trader, Orc Liquidator and Orc CameronFIX products.
BCC Group International has been providing software development and related professional services for market data and trading software providers since 1994. Today, BCC Group offers comprehensive software development services for the integration of external data, i.e. data feeds, into Orc-based trading solutions. BCC Group has also developed turn-key products for real-time data contribution and Corporate Actions Alerting to be deployed together with Orc solutions.
“Tailoring specific solutions for Orc, and supporting them, is a key part of our business and our client offering,” said Mauricio Gonzalez Evans, Managing Director, BCC Group. “We are committed to work with the leading technology suppliers in our field, which is why we have built our expertise on the Orc trading platform. We expect the Orc service partner agreement to further add to this relationship, to the benefit of our current and future mutual customers.”
“BCC Group has a strong track record from working with Orc customers, and their staff has built a solid knowledge of our technology,” said Andrea Beste, Sales Director, Germany and Switzerland, Orc Software. "We readily trust and recommend BCC Group to do implementation, customized add-on development including adaptations to local language, and to run projects onsite with customers.”
About Orc Software’s revenue model
Standard agreements follow Orc’s licensing subscription model, a flexible approach designed to streamline the customer onboarding 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 Orc Software
Orc Software (SSE: ORC) is the leading global provider of powerful solutions for the worldwide financial industry in the critical areas of advanced trading and low latency connectivity. Orc’s competitive edge lies in its depth of knowledge of the derivatives trading world gained by deploying advanced solutions for sophisticated traders for over 20 years.
Orc Trading and Orc Connect provide the tools for making the best trading and connectivity decisions with strong analytics, unmatched market access, powerful automated trading functionality, high performance futures and options trading capabilities, ultra-low latency, and risk management.
Orc’s customers include leading investment banks, trading and market-making firms, exchanges, brokerage houses, institutional investors and hedge funds.
Orc provides sales and quality support services from its offices across EMEA, Americas and Asia Pacific.
About BCC Group
The Banking Competence Center (BCC) represents a network of companies all over Europe focused on providing all kind of services in the area of market data technology and software development to the finance sector. Based in Germany, Rodgau near Frankfurt, BCC Group provides all kind of services for trading rooms and, among others, complex software development based on proprietary software interfaces provided by market data providers like Bloomberg, Reuters, Morningstar etc. using C++, C# , VB.Net and Java along with MS-SQL-Server 2005, Oracle and Sybase. BCC Group also offers unique solutions for the modelling, documentation and deployment of complete financial product lifecycles incl. visualization, code generation and integration into existing business applications. BCC Group products are used in asset liability management, product development of complex structured product, asset management and risk management.
Our partners all over Europe assure the high quality standards for project management, consulting and software & systems development for the banking world.
For further information:
Andrea Beste, Sales Director, Germany and Switzerland, Orc Software. Tel. +49 173 3092 392
Christine Blinke, Investor Relations and Marketing Director, Orc Software Tel. + 46 739 01 02 01