Trema Leverages Bang Networks Axon to Expand Functionality Of Finance eKIT

Business Wire,  April 14, 2003  

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Business Editors/High-Tech Writers

NEW YORK--(BUSINESS WIRE)--April 14, 2003

OEM Agreement With Bang Networks Adds Real-Time Functionality and

Intelligent Messaging Capabilities to Trema's

Web-Based Treasury Solution

Continuing its drive to provide treasury professionals with the most advanced Web-based treasury solution, Trema today announced it would use the Bang Networks Axon(TM), a real-time, intelligent messaging platform, to bolster Trema Finance eKIT. Incorporating the Bang Networks Axon will provide Finance eKIT users with increased real-time capabilities, expanded integration options, and extended scalability, helping them to make better-informed, timely decisions and reducing costs associated with lost opportunities.

Finance eKIT is Trema's Web-based treasury solution. It is a suite of Web-enabled treasury products that extends Finance KIT's base of sophisticated treasury-, risk and cash management and financial accounting features to corporate intranets and the Internet. Finance eKIT provides a fast track for global corporates as well as financial service providers to empower their user base with cutting-edge Web applications and reporting.

"The enhancement of real-time functionality in Finance eKIT provides treasury and finance professionals with market intelligence, data and trade details the instant they are available," said Gerard Tuinenburg, Operations Accountant Treasury Control, Unilever. "This real-time insight empowers us to make smarter, more timely decisions, independent of our specific banking relationships."

Trema will use the Bang Networks Axon to enable real-time portfolio updates to the browser in addition to streaming foreign exchange indicative prices to Finance eKIT. The Bang Networks Axon is the only messaging solution that supports multiple networks and firewalls, multiple types of users, real-time distribution, multiple interface languages and multiple messaging semantics.

"In these times where speed and efficiency are paramount, financial services institutions need to consider only those solutions that have tested, scalable, real-time functionality," said Robert Iati, senior analyst, TowerGroup. "Technology providers that can effectively deliver this superior level of functionality stand to benefit by enabling customers to implement these solutions much more quickly than by building it themselves. Technology providers that have perfected these real-time solutions will rapidly gain a bigger footprint in the financial services market."

The Bang Networks Axon is an intelligent messaging platform that significantly cuts the costs and technology hurdles associated with consolidating, integrating, transforming and exchanging time-critical information between multiple networked applications and disparate sets of users and applications inside and outside the enterprise. Harnessing this collective information in real-time enables institutions to drive business performance by sharing rich information sets across the enterprise and to external customers and partners.

"The Bang Networks Axon was the clear choice for Trema to incorporate into Finance eKIT," said Robert Wennerstrom, director corporate sales, Trema. "The capabilities that the Axon brings to our Web-enabled suite will bring a positive response from our current and future customers."

"Bang Networks is very excited about the relationship and opportunity to work directly with Trema to add increased capabilities and benefits for its customers," said Stephen Epstein, director, business development, Bang Networks. "This further validates both Bang Networks' product and strategy in the marketplace."

About Trema

Founded in 1992, Trema Group is a strategic software solutions provider delivering the only real-time global view to the treasury management function. Each of Trema's business units focus on a specific industry segment: asset management, commercial and investment banks, corporations, financial services providers and government financial institutions. The company's core product, Finance KIT, is a real-time straight-through processing system, for treasury, risk, cash and asset management. Trema's current clients include the BMW Group, Lucent Technologies and Citibank. Trema currently employs more than 300 people representing nearly 40 nationalities. Trema's main office is located in Sophia Antipolis (France), with other offices in Boston, Frankfurt, Helsinki, Johannesburg, London, Prague, Singapore and Stockholm. Additional information about Trema is available at www.trema.com.

About Bang Networks

Bang Networks provides the next-generation, intelligent information messaging platform that enables customers to significantly reduce the technology costs of sharing information across the enterprise and to external partners and customers. Bang Networks has offices in San Francisco and New York. For more information, visit the company Web site at www.bangnetworks.com.

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