BUENOS AIRES, Argentina, March 2, 2005 (PRIMEZONE) -- California Software Corporation (Pink Sheets:CSWX), a leader in legacy extension, business intelligence and loan production software for banks, credit unions and consumer lending institutions and developer of the INFINITE product line, announced today it has signed an agreement with Indra Sistemas to resell and provide services for its popular INFINITE product family.
"Indra has seen the value in migrating legacy applications from the iSeries and Mainframe platforms to Windows. We searched for a number of resources in the marketplace and realized that the only viable solution for our clients was California Software's INFINITE product family," said Fernando Alonso, Commercial Account Manager for Indra, Latin America.
The relationship will target both government and commercial accounts and will span Latin American and European territories. In fact, the partnership has already culminated in new clients that have been signed in the government space.
"Our relationships with system integrators and service provider companies have expanded greatly in the past few years. Indra is the type of multi-national consulting firm that makes the perfect partner for our INFINITE iSERIES and upcoming INFINITE zSERIES products. Indra enjoyed 19% growth last year and reported sales in excess of 1 billion euro. Their reach into the government and commercial space in Latin America and Europe is extensive. We are delighted that they have joined the California Software family," said Carol Conway, President, California Software.
About California Software Corporation
California Software is a global provider of software and services for the legacy extension and financial services markets. The company is headquartered in Orange County, CA and operates globally from offices in Asia, North America, South America and Europe. The Company's products are marketed under the brand names INFINITE and LPS. California Software enjoys over 100,000 installations in 56 countries.
About Indra
Indra is the leading Spanish Information Technologies and Defense Systems company, with revenues of 1,079 K EU at 2004 and an order book amounting 1,364 K EU. A solid technology base, permanent innovation, quality in processes and results, demanding management and the high degree of qualification of more than 6,600 professionals that work for the company are the pillars sustaining Indra's success.