SAGE and Ocean Technology Announce Partnership to Market Prospero in Vietnam

By Sage Ch, PRNE
Tuesday, February 16, 2010

SINGAPORE, February 18, 2010 - SAGE and Ocean Technology have signed an agreement to market Prospero, a
revolutionary financial software, in Vietnam.

Recent growth of the financial services sector in Vietnam has created a
demand for new products and services-in particular, software that simplifies
the banking and asset management process.

SAGE's Prospero meets that demand. The software integrates front-,
middle- and back-office systems via multiple modules covering all aspects of
financial operations, including asset management, risk management and
administration. Modules can be implemented separately or as an integrated
whole, and all interface with legacy systems.

"Prospero is flexible enough to cater to the requirements of Vietnamese
investors and asset managers," says Patrick Rotzetter, chief business
development officer of SAGE. "It will help medium to large investment firms
achieve best practices in banking and asset management."

Rotzetter says Ocean Technology-a consultancy firm that has assisted in
the technical transformation of a number of banking and finance firms in
Vietnam-is the ideal partner in the marketing of Prospero in Vietnam. The
company, which has a deep knowledge of the Vietnamese market, has already
successfully delivered a number of financial solutions to clients throughout
Southeast Asia. These have included core banking, mobile banking and card
management/ATM switch solutions. The company boasts an impressive client
roster, including Techcombank, GP Bank, Vietnam-Russia Bank, Viet A Bank, Nam
A Bank, Cement Finance Company and the Foreign Trade University.

"Given the recent growth of the financial services sector in Vietnam, we
looked for a system that could provide a flexible yet comprehensive solution
for clients seeking wealth management services," says Rick Rodgers, COO of
Ocean Technology. "The Prospero platform delivers a fully integrated system
with both the financial planning tools and the back-office trading and
accounting functions our clients require."

"This agreement shows SAGE's commitment to participating in the growth
the Vietnamese market," says Rotzetter. "We look forward to rolling out
Prospero there."

About SAGE

SAGE SA, established in 1986 and headquartered in Lausanne, Switzerland,
is a software development company that services the global financial
industry. Prospero, its flagship product, offers clients a seamless way to
integrate front-, middle- and back-office systems. SAGE's goal: Help
financial professionals focus on what they do best-managing money, not

About Ocean Technology

Ocean Technology is a consultancy firm that delivers high-performance
software solutions to financial services companies throughout Southeast Asia.
It represents a new trend in Vietnam: the blending of local expertise with
global standards and practices for technology integration. As it continues to
expand, its central focus remains the same: its customers.

Contact: Mr.Tarek Hamdan, Tel: +971-(50)-376-14-76,

Contact: Mr.Tarek Hamdan, Tel: +971 (50) 376 14 76, Tarek.Hamdan at

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