Global in Saudi Goes Live With SAGE's Prospero

By Sage Sa, PRNE
Sunday, September 19, 2010

Prospero Implemented for Both Asset Management and Wealth Management

RIYADH, Saudi Arabia, September 20, 2010 - SAGE, the publisher of banking solutions specialized in the development
of wealth and asset management systems, is pleased to announce that Global
Investment House (www.globalinv.net/) in Saudi Arabia started the
implementation of Prospero (www.sage.ch/index.php?id=prospero) as
its front- to back-office platform for its Investment Management arena.
Global is a leading asset management and investment banking company in the
GCC and MENA with offices across the Middle East. Global has successfully
implemented some Prospero modules in its operations in Kuwait and decided
this year to extend the use of Prospero in its office in Riyadh, Saudi
Arabia
. Global, in Saudi, manages and administers local funds and
portfolios for High Net Worth clients in addition to offering its clients
brokerage services in the Saudi Equity market.

Global's Chief Information Officer, Mr. Hakam Abu-Zarour, stated:
"Prospero is a good fit for Global as it offers one Front- to Back- Office
platform. This reduces our maintenance costs and operational risk, while
enhancing our productivity and efficiency to better services our clients."

This is Prospero's first implementation in Saudi and it affirms SAGE's
presence and commitment in the MENA region. Mr. Tarek Hamdan, SAGE's Chief
Marketing Officer, adds: "There is a significant demand in Saudi for a
sophisticated tool on asset management and Prospero clearly answers to this
need-even more than what is required."

Mr. Patrick Rotzetter, Head of SAGE's Business Development, states that
this success is an important milestone for SAGE. The Saudi market has seen a
small slowdown in 2009, and is picking up this year. With this excellent
reference, we will participate fully to the growth of the Saudi market.
Global is a leading investment firm in the region, and we are delighted to
extend the rollout of Prospero to other international locations of Global
Investment House.

GLOBAL INVESTMENT HOUSE (www.globalinv.net) is a Kuwaiti
investment company that has grown to become one of the leading asset
management and investment banking companies in the GCC and the wider MENA
regions.

Prospero is a product of SAGE (www.sage.ch), a software
development company that specializes in servicing the global financial
industry. SAGE is the reference in providing integrated, modular and
innovative front- to back-office banking solutions. Its goal: Help financial
professionals to focus on what they do best - managing money, not systems.

Contact: Tarek Hamdan, Chief Marketing Officer, +971-4-428-1385

Tarek Hamdan, Chief Marketing Officer, +971-4-428-1385

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