Tokyo, Hong Kong & Sydney July 15, 2009 - Orc Software (SSE: ORC), the leading global provider of technology for advanced trading and connectivity solutions, today announced that it has signed an Independent Service Partner Agreement with Canon IT Solutions Inc., a wholly owned subsidiary of Canon Marketing Japan Inc.
According to the partner agreement, Canon IT Solutions will provide services and solutions to Orc's growing domestic Japanese customer base. Canon IT Solutions will typically offer services such as integration and upgrades related to Orc's Trading solutions and Orc's various market connections to the Japanese exchanges.
"One of our key business strategies across the Asia Pacific region is to team up with quality local service providers in order to ensure that our customers have access to trained and experienced resources capable of assisting them with integrating and scaling the Orc system within their business. We see the local expertise and market presence that Canon IT Solutions brings to the Orc Vantage program as providing the basis of a strong relationship which will leverage the core competencies of both companies to provide the Japanese trading community with world class systems, solutions and support, " says Greg Chambers, President, Orc Software Asia Pacific.
"Canon IT Solutions is excited about the prospect of collaborating with Orc in order to capitalize on the evolving financial market landscape in Japan. We see that our locally provided technical services and expertise will strongly complement Orc's globally proven trading solutions on next generation exchange platforms such as those provided by LIFFE Connect and Nasdaq OMX," says Masanori Ito, Corporate Officer, Canon IT Solutions.
Orc Software is next exhibiting in Trading & Risk Management Technology Fair 2009, Sankei Plaza, Otemachi, Tokyo on 15 & 16 July.
About Orc Software
Orc Software (SSE: ORC) is the leading global provider of powerful solutions for the worldwide financial industry in the critical areas of advanced trading and low latency connectivity. Orc's competitive edge lies in its depth of knowledge of the trading world gained by deploying advanced solutions for sophisticated traders for 20+ years.
Orc Trading and Orc Connect provide the tools for making the best trading and connectivity decisions with strong analytics, unmatched market access, powerful automation trading functionality, high performance futures and options trading capabilities, ultra-low latency and risk management.
Orc's customers include leading banks, trading and market-making firms, exchanges, brokerage houses, institutional investors and hedge funds.
Orc provides sales and quality support services from its offices across EMEA, Americas and Asia Pacific. Through the Orc Partner Vantage Program, we expand our market reach in additional geographies, working together with partners who add local knowledge and expertise. By providing access to our technical skills and marketing support that includes channel-focused partnering and joint marketing programs, Orc is fully committed to the success of our partners.
About Canon IT Solutions
Canon IT Solutions deploy solutions specializing in a wide range of industries, including manufacturing, finance, distribution services, social/public services, and education. Canon IT Solutions provide ideal, one-stop solutions backed up by many years of application experiences, while accurately grasping and analyzing the environments surrounding customers.
For further information:
Greg Chambers, President, Orc Software Asia Pacific, +852.2167.1956
Agnes Wong, Senior Marketing Manager, Orc Software Asia Pacific, +852.2167.1950
Canon IT Solutions Inc.: +81-3-5548-1346