Sage Serves Middle East Clients From Dubai

February 11, 2009

DUBAI, UAE, February 12 /PRNewswire/ — With great confidence and
unwavering belief, SAGE SA from Switzerland opened up its new branch in the
main hub of Information Technology in the GCC, at the Dubai Internet City,
right in the heart of Dubai, UAE. Following its successes in Europe and in
South East Asia, SAGE decided to expand to the Middle East with a new office
and with their flagship banking software, Prospero.

Sage Advanced Solutions FZ-LLC was established in Dubai so that it can be
closer to its clients all over the GCC. Despite the financial crisis, SAGE
believes that there is huge potential in the region and a strong need as well
to systemize and organize processes in financial institutions.

As Jean-Luc Freymond, CEO of SAGE states: our banking system, Prospero
will not only streamline the banking processes in the Middle East, but we
will also bring our expertise in Swiss banking to the region.

Tarek Hamdan, CMO of Sage, adds: We are confident that even though
markets are going through tough times, the GCC will remain upbeat and that
now is the time for financial institutions to invest for the near future, for
the comeback growth of their industry.

In affirmation of this confidence, Sage continues to actively participate
in related finance and banking events globally, the latest of which is the
MEFTEC Banking and Financial Technology Event, held yearly in Manama,
. It was held this year from February 10 and 11 at the Bahrain
International Exhibition Centre.

Hamdan will be heading the whole MENA region from the office’s operations
in Dubai. Sage also has a branch in Singapore which handles the South East
Asian operations.

SAGE (http://www.sage.ch), headquartered in Lausanne (Switzerland), is
becoming the new reference when it comes to providing integrated modular
Front to Back Office Banking systems. Find out more by contacting Tarek
at tarek.hamdan@sage.ch or +971-50-376-1476.


Source: newswire

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