Business   

Polaris ties up with Deutsche Leasing

By Our Staff Reporter

CHENNAI FEB. 12. Polaris Software has entered into an agreement with Deutsche Leasing, Germany's leading leasing company for movable assets, to implement Orbipack products. The components from Orbi suite will be implemented initially as part of the deal at Deutsche Investitions Finanz Bank Gmbh, a member bank in the Deutsche Leasing Group.

Addressing a press conference here today, the Chairman and Managing Director, Polaris Software Lab, Arun Jain, said the 1.8 million euro deal was one of the major product wins for the Orbipack framework post merger and was an indication of the business potential of Intellectual Property Rights that Polaris acquired through the merger of OrbiTech Solutions. Mr. Jain said the European market presented huge opportunities in the banking and insurance product space. The partnership with Deutsche Leasing, would enhance its understanding of operational intricacies in a high-potential market. The CMD said the company would have one client in each market to start with and expand further over a period.

The Member of Deutsche Leasing Board of Management responsible for IT, Philippe De Geyter, said the leasing company was aware of the advantages offered by the product range. The fact that Polaris was having an office in Germany and also understood the local business requirements also gave comfort in initiating the strategic partnership.

Printer friendly page  
Send this article to Friends by E-Mail

Business

News: Front Page | National | Southern States | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary |

Stories in this Section

• Economy resilient to handle any shocks
• SBI, MUL join hands for car finance
• World Bank to outsource $10m IT work to India
• Corporates look forward to lower tax rates
• E. H. Turel's plans
• Bharti launches multimedia services
• Numeric's sustained growth
• New bids to be invited for DMIL's assets
• Time extended for appointing common share registry
• HLL introduces new range of skin care products
• Polaris ties up with Deutsche Leasing
• Ramco's calcium silicate board unit
• Stock Market Index
• Exchange rates
• Bullion rates
• Servion partners Infosys' banking unit
• India Nippon Q3 sales up 47 p.c.
• TPI, neoIT extend partnership
• Reliance Capital forfeits equity shares
• Hitachi to expand India operations

Copyright © 2003, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu