Since September 2002, Mpower1, through its subsidiaries jBASE International Ltd and jBASE International Inc, have been the exclusive distributors of the jBASE software except where TEMENOS license jBASE in conjunction with their own application software. During this time jBASE has consistently expanded its client base year on year. The new document announced today will result in this process continuing but with significant enhancements to customer service, additional functionality and cooperation between Mpower1 and TEMENOS to the benefit of jBASE users.
Mpower1 and TEMENOS have an experienced team of over 40 personnel addressing all aspects of the jBASE business and have ensured that product development and quality assurance through to sales and post sales support are strengthened going forward. This agreement further enhances the Mpower1 and TEMENOS offering to the MultiValue market and demonstrates their ongoing commitment to the jBASE product, its support and its development.
This new agreement coincides with the recent formal release of the next generation of jBASE software, Release 4, which is already seen as an established platform with over 100 installations worldwide. This stable and efficient platform will add significant value to jBASE users who can now confidently take advantage of the functionality and flexibility that is unparalleled in the MultiValue community.
Pete Loveless, jBASE CEO, stated “Mpower1 are delighted to have reached this agreement with TEMENOS in respect of the ongoing jBASE product and business. We see a tremendous future with jBASE, particularly with the benefits of release of 4.1 and the further additional improvements to be released during the forthcoming months. As well as providing significant benefits to our customers, this latest agreement once again testifies to the long term commitment of both TEMENOS and Mpower1 to jBASE and to the MultiValue market in general.”
Clive A Ketteridge, General Manager of jBASE for the TEMENOS Group, commented that “the latest agreement is further evidence of TEMENOS’ ongoing commitment to take the jBASE product forward year on year as well as a demonstration of what good working partnerships can deliver to the client.”
About Mpower1 International
Mpower1 International Ltd. provides guidance and organization support to businesses at various stages of their development. Bringing a unique approach to joint business ventures, Mpower1 acts as an enabling partner for its clients sharing the responsibility, risk and reward of their business growth, while protecting the interests of its client. Utilizing decades of senior level management experience, Mpower1 facilitates business strategy development and deployment resulting in accelerated and sustainable corporate performance.
Founded in 1993, TEMENOS Group AG is a provider of integrated modular core banking systems to over 400 financial institutions in 110 countries worldwide. TEMENOS software provides banks with a single, real-time view of the client across the enterprise, enabling banks to maximize returns while streamlining costs. Whether providing 24/7 functionality to the wholesale, retail and private banking sectors, partnering with central banks on core system replacement, or working with the World Bank on solutions for the emerging markets, TEMENOS knows banking. The company has a transparent approach to its operations and brings to bear its experience, expertise, commitment and professionalism on every project. Headquartered in Geneva, Switzerland, the company has 39 offices in 31 countries and is listed on the main segment of the SWX Swiss Exchange (TEMN).
About jBASE International
jBASE International (jbase.com) is a leading supplier of database management software and web enabling tools for developing, deploying, and maintaining business applications solutions. The flagship product, jBASE, was designed from the ground up to be an open database product that would bring the strengths of MultiValue technology into the mainstream computing market. With exclusive worldwide distribution rights, jBASE International offers technologies and assistance that allow businesses to thrive into the future.