SAN JOSE, Calif., Aug. 21, 2008 (GLOBE NEWSWIRE) -- Nearly 100 financial executives, including hedge fund managers, investment banking professionals and brokers representing leading Wall Street firms, gathered in New York City on Tuesday to hear EnterConnect Inc.'s (OTCBB:ECNI) leadership forum on Software-as-a-Service (SaaS) solutions and how this innovative technology can be successfully implemented in the financial sector. The event, which took place at the Harvard Club of New York on Aug. 19th, included a keynote presentation by the Managing Director of RBC Capital Markets, Robert Breza, who spoke on the SaaS phenomenon and its implications for the financial sector. The event also included three case studies from financial firms effectively employing EnterConnect's enterprise portal solutions to improve operational efficiencies and reduce costs.
Sam Jankovich, Chief Executive Officer and President of EnterConnect Inc., who hosted the forum, stated:
"The successful turnout of this event and the enthusiastic feedback we are receiving demonstrate the readiness of the financial services market to adopt on-demand portal solutions which will give them the edge they need in today's competitive global markets. EnterConnect's enterprise-proven technology offers financial services organizations effective tools to drive business, reduce costs, mitigate risk and achieve greater success."
In addition to being a highly competitive market, financial services is also heavily regulated. The ability to avoid non-compliance through portal-based collaboration and content federation is core to addressing this challenge. The audience recognized the value of EnterConnect Financial Services to reduce risk and enhance FINRA compliance.
Presentations at the event included:
-- "Driving Streamlined Operations & Mitigating Risk in Financial Services" delivered by Robert Breza.
-- "Delivering Accountability, Traceability & Secure Control of Research Report Processes" delivered by Matthew Kantrowitz, Director of Equity Research, RedChip Companies.
-- "Optimizing New Account Opening Processes & Ensuring FINRA Compliance" delivered by Juan Ferreira, Director of Corporate Finance, Park Financial Group.
-- "Emerging Regulatory Conditions Affecting Private Investment in Public Equity" delivered by Eleazer Klein, Partner, Schulte Roth & Zabel LLP.
Mr. Breza commented on the growing interest in SaaS:
"Software-as-a-Service is impacting businesses of all sizes worldwide. The next few years will see explosive growth for SaaS solutions as companies look to gain operational advantages, reduce costs and connect their workforce. Our research shows the market for on-demand software should grow to more than $14 billion by 2011."
To learn more about EnterConnect's enterprise-proven on-demand business portals for your business, visit http://www.enterconnect.com.
About EnterConnect Inc.
EnterConnect Inc. is a leading provider of enterprise-proven on-demand business portals that improve communication, collaboration and business processes to help companies increase customer satisfaction, growth and productivity. EnterConnect's portals enable customers, employees, partners, suppliers and other stakeholders to securely consolidate, collaborate and connect online -- at anytime, from anywhere -- to accelerate business on-demand. EnterConnect solutions are based on a rich technology foundation in use at more than 50 Fortune 1000 companies. Now available on-demand, these solutions are used at leading organizations across diverse industries including Exide Technologies, John Thomas Capital Management, Piedmont Church, RedChip Companies, Rheem Manufacturing, Rush University Medical Center and others. For more information visit http://www.enterconnect.com.
Forward-Looking Statements
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