Transoft International, Inc.
Transoft International appoints m-cube Technology as distributor for South East Asia
New relationship established to address the high demand for Cash Management software solutions in rapidly growing financial services market
Cary, NC – March 7, 2007 - Transoft International, a leading global provider of currency supply chain management software solutions for the banking industry, announced today that m-cube Technology has been selected to be a distributor for Transoft’s OptiCash, OptiNet & OptiVault products in South East Asia. In this capacity m-cube will be responsible for expanding Transoft’s business in the region and managing the on-going client relationships in the territory.
Based in Singapore, m-cube Technology provides advanced hardware and software solutions as well as consulting services to financial institutions. The founder of m-cube Technology, Mr K K Ang, has over 20 years experience in the financial services industry and has been an Area Vice-President with NCR Corporation responsible for the self-service business in South East Asia. In addition, Mr. Ang was instrumental in the development of the ATM managed services and outsourcing business for NCR in that area. To effectively market and support Transoft’s suite of solutions, m-cube Technology has established a network of business partners in China, Indonesia, the Philippines and Malaysia.
"I am pleased that m-cube Technology will be representing and promoting Transoft’s products in South East Asia”, stated Bo H. Holmgreen, President at Transoft. “Mr. Ang and his company are very well respected throughout the banking community and are recognized for providing the highest quality products and services to the industry".
About Transoft
Transoft International, Inc. is the leading provider of currency supply chain management software solutions for the banking industry. Transoft products, OptiCash, OptiNet & OptiVault, have been developed by experienced cash management professionals to efficiently and cost-effectively handle all aspects of the complex cash management process. In use worldwide by Banks, ATM networks and Armored Car Service providers, Transoft solutions are generating significant recurring cost savings for ATM, branch and vault networks. These savings are the direct result of applying sophisticated statistical analysis, as well as balancing of all cost components daily, to determine the best course of action. With Transoft a bank can automate cash forecasting, ordering, tracking, monitoring & more to optimize currency requirements and handling costs, drastically reducing expenses and improving operational efficiency.
