SlaterLabs responds to major market interest by launching the first Internet-based delivery and maintenance programme for banking software.
SlaterLabs announces Etude-Virtuoso™ and senior appointments in Europe & United Arab Emirates.
GENEVA, 11 July 2007 ¾
SlaterLabs Inc., today announced a number of major company
milestones, directly responding to increased demand for
next-generation banking software renewal and replacement solutions
by introducing Etude-Virtuoso™, an innovative programme for
customers to evaluate, purchase, implement and continuously upgrade
their banking software entirely over the Internet.
The company is also announcing the opening of new offices in Dubai
and Geneva; the appointment of two key senior management positions;
and the formation of an Advisory Board in preparation of the
Company’s NASDAQ Direct Public Offering (DPO) early next year.
“For years, banking software vendors have been incapable of
delivering a software system able to eliminate the need for massive
in-house software development or heavy customisation of
off-the-shelf products. This market deficiency is the direct cause
of the continuous high costs and resource dependencies banks
worldwide have on their IT functions,” says John Slater, CEO and
Chairman, SlaterLabs. “Resolving this deficiency is the premise on
which the Etude Programme has been introduced. Today’s announcements
are in further response to strong market demand for a truly
commodity-based banking system, and entirely consistent with our
company’s vision of a fully commoditised banking software industry
by 2015.”
Mr. Slater continues, “Etude-Virtuoso empowers financial
institutions with greater speed and optimised control of their
application software renewal or replacement projects by providing
on-line access to a global community of banking software
developers.”
Etude-Virtuoso employs SlaterLabs revolutionary FugaGRID™
development technology, which facilitates large-scale, distributed
and synchronous application software development. FugaGRID
co-ordinates and monitors interaction between SlaterLabs own
development laboratories and its global community of customer
development teams. The operational benefits of this innovative
approach are many, with significant economies of scale contributing
to unparalleled cost savings Industry-wide.
“Together with our carefully selected network of strategic business
partners, SlaterLabs is uniquely positioned to successfully deliver
this operationally efficient and cost effective model to the global
Financial Services Industry,” says Mr. Slater. “Above all,
Etude-Virtuoso ensures each customer’s individual commercial and
business strategies are safeguarded independently.” In order to
further meet industry demand for The Etude Programme, SlaterLabs is
today also announcing the appointment of Dr. Jose Louis Pages,
Senior Executive Vice President, Global Business Development, and
named to the Company’s Board of Directors. Additionally, Patrick
Henri Scire is appointed Country General Manager of SlaterLabs in
Geneva, Switzerland. Additionally, SlaterLabs has appointed an
independent Advisory Board to ensure its corporate strategies are
consistent with general market, macro-economic and socio-economic
trends. The Advisory Board is comprised of the following members:
• Dr. Heinz Zimmer, Chairman, SCS Alliance Bank; Zurich, Switzerland
• Osama Hamza Al-Rahma, CEO, Al Fardan Exchange; Dubai, U.A.E.
• Kevin Woods, Managing Partner GBS Finanzas; Madrid, Spain
• Dr. Neil Cripps, Former Surgeon Commander, British Royal Navy;
London, UK
• Kim Goodall, Chairman, Admerex Corporation; Sydney, Australia
• Gabriel Arteche, Former Executive, PricewaterhouseCoopers EMEA;
Madrid, Spain
• Robert J. Slater, Former President, Crane Co.; New York, USA