• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

IBM and CMS Provide Securities Solutions for Dai Viet Securities Corporation

Posted on: Friday, 18 January 2008, 09:00 CST

Today Dai Viet Securities Corporation (DVSC), IBM (NYSE: IBM) and Capital Market Solutions (CMS) signed a technology agreement under which CMS will provide securities solutions while IBM will provide IT infrastructure and project management services for DVSC.

CMS's Trade Anywhere solution for securities transaction and NOVA solution for settlement on IBM's System x platform will provide DVSC's IT system with the availability, security and resiliency it requires in today's on-demand securities market. This will allow DVSC to apply its resources to strategic activities, focus on its professional services and enhance client satisfaction.

This cooperation will help DVSC ensure its rapid growth in the fast developing securities market as well as follow regulations from government and financial sector. IBM System x has been applied broadly in data centers of many well-known trading companies in Vietnam. Of note, System x was voted to be the Best Server for 6 consecutive years (2002-2007) by PC World's readers. Besides, in 2006 and 2007, System x has been awarded as "The Favorite IT Brand" at Golden Dragon and "The Best Choice" at CIO Choice Award.

Mr. Lam Minh Chanh, General Director of DVSC, said: "With the increasing needs of stakeholders and financial investors, we realize the important role of improving and upgrading IT infrastructure as a vital condition. Our selection of CMS's solution and IBM hardware is one of the most important decisions from DVSC's management team that underscores our commitment and long term investment in the Vietnamese market. With the objective of being one of the leading banking investors in Vietnam, DVSC believes this cooperation will bring us the most valuable services for our clients."

Mr. Lee Puay Eng, Country General Manager, IBM Vietnam, said: "We are excited to partner with CMS in providing DVSC with a reliable IT infrastructure, and project management services. We hope to not only bring the highest quality products and services but also provide DVSC with the most successful project."

About DVSC

DVSC was established in June 2006 and has about 25,000,000 outstanding shares with the trading price 5 times higher than the face value. With professional and belief from clients, DVSC has conducted business with 6 institutional and 500 individual investors. In 2007, DVSC achieved 80 billion profit and targets to hit 140 billion in 2008.

About CMS

Capital Market Solutions (CMS) is a leading provider of software and services to the Financial Markets sector. With offices in Australia, Hong Kong, Singapore, Malaysia, New Zealand and UK, Capital Market Solutions employs approximately 100 staff, with extensive working knowledge and experience within the Financial and IT industries.

About IBM

For more information, please visit the website www.ibm.com

 Contact: Jen Knecht IBM Media Relations 917-472-3607 knechtj@us.ibm.com

SOURCE: IBM

Source: MARKET WIRE

More News in this Category