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read moreAdmerex prepares for EU and ME expansion
Stan Beer
Thursday, 22 September 2005 10:00
Financial software provider Admerex Limited (ASX:ADL) has established an office in London to grow its client base in the UK, Europe, the Middle East and Africa (EMEA).
Admerex has four core products: RBX Retail Banking system, SPX security payments exchange, PWX PINware and CWX collection works eXchequer.
Philip Stanning, recently the global sales director of Temenos Group AG, has been appointed as managing director of the operation. Stanning is said to have considerable experience in international banking and finance markets through his work with Temenos Group.
Chairman of Admerex, Kim Goodall, said this is the first step in Admerex's plans to expand beyond Asia and Australasia.
Admerex currently has some installed sites in the Middle East through its relationship with Standard Chartered Bank's Middle East - South Asia regional group.
ADL shares were thinly traded, closing up 0.3c to finish on 7c.
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