Press Release Noida, November 24, 2011
R Systems International Limited signs a Collaborative Partnership Agreement with INCA Internet Company Limited, Korea
R Systems International Ltd (NSE: RSYSTEMS), one of the leading providers of outsourced
product development, technical and customer support services announced that it signed
a Collaborative Partnership agreement with INCA Internet Company Limited, Korea
(INCA), a leading information security company specializing in providing online
financial security services for safe and trustworthy online banking transactions.
After a decade of successes in Korea, Japan and other Asian countries, INCA is now
ready to enter the North American market. Many US banks have already shown interest
in INCA’s product with a large US bank now using INCA’s Products and Services.
R Systems’ engineers will be working with INCA’s engineers in Korea on their
financial security products as a part of the agreement.
Sartaj Rekhi, Executive Manager with R Systems, stated that,
"We are very pleased with this partnership. The banking segment is an important
target market for us, and we are always looking to bringing new technologies to
this segment. We find INCA’s products and services unique and our customers will
benefit from INCA's expertise in the information security domain."
Yongkhi Paek, Managing Director with INCA, stated that "The time is
right for INCA’s products in North America and we chose R Systems because
they have a strong presence in the US market and possess an excellent pool
of resources having required technical skills, capabilities and knowledge to
help our customers."
About INCA Internet Company Limited, Korea
Founded in January 2000, INCA is a leading information security
company specialized in providing online financial security service,
nProtect Online Security, for safe and trustworthy online banking transactions.
nProtect Online Security is made available over the cloud to offer fast and
convenient service to end-users. It also operates as a Software-as-a-Service
(SaaS) with its unique B2B2C (Business to business to customer) model. nProtect
Online Security is in compliance with FFIEC (Federal Financial Institutions
Examination Council) 2011 Security Guidance. FFIEC 2011 Security Guidance
encourages financial institutions to meet core requirements of layered security,
risk assessment and customer awareness and education. nProtect Online Security
functions meet these core requirements. INCA, under the brand name nProtect, was
selected as one of the fastest-growing technology companies in Deloitte
Technology Fast 50 Korea in year 2007 and Deloitte Technology Fast 500 Asia
Pacific in year 2007, and was the first Korean information security company to
be awarded with the ‘2010 South Korea Globalization Strategy Leadership Award’ by
Frost & Sullivan. With over 11 years of experience and know-how, nProtect Online
Security has over 80% market share in Korea and approximately 60 references in
Japan. Currently it has over 820 references worldwide.
About R Systems International Limited
R Systems International Limited founded in 1993, is one of the leading
provider of outsourced product development and customer support services.
We help companies accelerate the speed to market for their products and
services with a high degree of time and cost predictability by using our
proprietary pSuite framework. Clients can choose services specific to their
needs from R Systems iPLM suite of services. We help companies build scalable,
configurable and secure products and applications; and help our clients support their
customers worldwide for products and services using our global delivery model in 18 languages.
R Systems rapidly growing customer list includes a variety of Fortune 1000, government and mid-sized
organizations across a wide range of industry verticals including Banking and Finance, High Technology,
Independent Software Vendors, Telecom and Digital Media, Government, HealthCare, Manufacturing and Logistic Industries.
R Systems maintains thirteen development and service centres and using our global delivery model we serve customers in
the US, Europe, South America,
the Far East, the Middle East and Africa.
Safe Harbor
This press release contains forward-looking statements. These forward-looking statements
are subject to a number of risks and uncertainties that could cause actual results to differ materially from those
in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to,
risks and uncertainties regarding the success of our investments, risks and uncertainties regarding fluctuations in earnings, our
ability to manage growth, intense competition in IT and consulting services including those factors which may affect our cost advantage,
wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time
frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations,
reduced demand for technology and consulting services, disruptions in telecommunication networks or system failures, our ability to successfully complete
and integrate potential acquisitions, liability for damages on our service contracts, withdrawal of governmental fiscal incentives, political instability and regional conflicts,
legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry.
We may, from time to time, make additional written and oral forward-looking statements, and we do not undertake to update any forward-looking statements that
may be made from time to time by or on behalf of the Company.
For further information please contact:
Nand Sardana
Chief Financial Officer
Tel # 0120 – 4303506
Fax # 0120 - 2587123
Email:nand.sardana@rsystems.com