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 October 4, 2001, New York, NY and Stamford, CT
Octet Japan Offers Financial Software Engines and Integration Expertise to Japanese Market
JPComCenter, Inc. of Stamford, CT and Octet Corporation of New York, NY today announced
the formation of Octet Japan. This new venture provides a variety of innovative financial
software applications, tools, and support services exclusively to the Japanese market,
both in Japan and the United States. Unlike most software companies, Octet Japan guarantees
clients on-time delivery at the agreed-upon price, along with a one-year software warranty and
full support. Until its planned Japanese office opens, the company will operate from the
United States.
The advantage to clients is clear: Sophisticated software solutions for institutional and
individual investor portfolio management, risk management, online banking, charting and wireless
trading, along with the expertise needed to merge existing legacy applications with modern
financial systems, will now be available from a single vendor. Octet Japan's prebuilt trading
and banking solutions will assist companies suffering from Japan's acute shortage of skilled
software engineers, and will shorten the time to develop new products and services.
"Naturally, we're very excited," says Tatiana Aleksa, CEO of Octet. "Combining JPComCenter's
expertise in creating enterprise-level software for Japanese users and its extensive knowledge
of Japan's financial markets with Octet's robust back-end engines is a winning combination."
JPComCenter's clients are Japanese and multinational corporations targeting Japanese users.
While JPComCenter was building its reputation and business ties in Japan, Octet was quietly
building the mission-critical and end-to-end applications that many leading financial firms
rely on to deliver services to online customers worldwide. Its expertise lies not only in
creating robust, real-time trading and banking solutions but in integrating those applications
with clients' existing software infrastructure.
"Most Japanese companies need assistance to seamlessly merge their highly dependable legacy
mainframe systems with their new online trading and banking systems," explains Marc Ira, CEO
of JPComCenter. "Leveraging, extending and building on existing infrastructure is crucial to
success in the modern Japanese financial markets, and Octet's extensive experience in this area
is invaluable."
The rapid growth of the cell phone and PDA markets provides a huge opportunity for Octet Japan's
wireless trading systems. "More than 81% of the world's Internet-enabled cell phones are in
Japan," notes Ira. "Enthusiasm for wireless solutions is forcing Japan's financial-services
industry to create and deploy wireless banking and trading applications in order to attract and
retain customers."
Over the past few years, Japan's financial markets have become significantly more flexible for
investors, providing access to the enormous pent-up demand for trading stocks, bonds and other
financial instruments. "Remember, Japan leads the world in savings but investment options were
limited," says Ira. "Competition, both domestic and from abroad, is forcing financial service
companies to improve their tools and interfaces at an unheard of pace."
The convergence of trading fees to nearly identical amounts and the reform of Japan's securities
laws to stimulate financial markets has altered the financial-services landscape significantly.
"Intense competition between firms now drives innovation and sales, leading to a 'market-leader
take all' approach," says Ashraf Ebid, Octet's Executive Vice President. "Success requires
continual improvement: lowering risk, reducing operating costs, improving time-to-market, and
increasing sophistication in software infrastructure."
Octet Japan's prebuilt trading and banking solutions, along with its extensive integration
expertise, allow rapid and cost-effective deployment of complex financial-services applications
while minimizing risk. "Octet Japan is the ideal partner for companies recognizing the value
of software solutions delivered on-schedule, at the contracted price, and with a one-year warranty
against all defects," says Ebid. "Companies seeking a skillful and trustworthy supplier only need
to remember one name: Octet Japan."
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