CSC and DirectFN (Mubasher) Team Up to Provide End-to-End investment Banking IT Management Platform
News Release -- February 11, 2015
DUBAI,UAE, 11th February 2015 CSC (NYSE: CSC), a global leader in next-generation IT services and solutions, today announced a new partnership with DirectFN, a market leading investment banking and asset management platform, to expand its growth across the financial sector. The companies have not disclosed the terms of the agreement.
In DirectFN (Mubasher), CSC gains a partner in Saudi Arabia with proven capabilities, deep knowledge and marketing success in buy- and sell-side platforms and local market information systems. DirectFN will leverage CSC’s global presence, its expertise in capital markets solutions, and its world-class implementation, support and hosting capabilities to expand DirectFN’s customer base.
In turn, the partnership with DirectFN will allow CSC to offer more complete on-premises wrap-around services, enabling CSC clients to gain new end-to-end service capabilities to realize maximum results from their investment banking technology platforms. New clients will further benefit from the implementation and support services of CSC through its in-country and global delivery center network.
“Co-creating a high-value, integrated investment banking and brokerage management platform with CSC affords clients significant opportunity to benefit from a one-stop integrated brokerage solution that makes it easier for the clients to run their business,” said Dr Walid Al Ballaa, managing director, DirectFN.
“Direct FN, also known as Mubasher, is the preferred platform of choice for investment banks and brokers,” said Ge Drossaert, CTO, Banking & Capital Markets AMEA, at CSC. “DirectFN has a strong brand, excellent product capabilities, and a well-defined future evolution roadmap. We are confident that this partnership will bring exceptional value to our global capital markets customer base.”
Computer Sciences Corporation (CSC) is a global leader of next generation information technology (IT) services and solutions. The Company's mission is to enable superior returns on our clients’ technology investments through best-in-class industry solutions, domain expertise and global scale. CSC has approximately 72,000 employees and reported revenue of $12.6 billion for the 12 months ended January 2, 2015. For more information, visit the company's website at www.csc.com.
DirectFN™, a wholly owned subsidiary of National Technology Group (NTG) - one of the largest ICT companies in the Middle East, specializes in providing solutions ranging from desktop information workstations, transaction systems and order management systems through to total end to end solutions. DirectFN™ products are deployed in some of the largest financial institutions across the Middle East and South Asia. DirectFN™ is also a provider of exchange information to institutions via direct feeds or its DirectFN™ workstation, which includes reference data, charting tools and other content required by both the professional and retail investment community in the Middle East and global investment community.