LOG.L Regulatory News (LOG)

2 Oct 2007 17:55

LogicaCMG, a major international force in IT and businessservices, today announces a partnership with Zafin Labs, a leadingprovider to the financial services market of billing, pricing andpackaging solutions, to provide Zafin Labs' mi-Revenue product acrossEurope. £ The implementation of Zafin Labs' product mi-Revenue enablesfinancial services providers to dramatically improve their revenuemanagement, increase cross-selling and improve time to market. In onesingle implementation at a major Indian Bank, mi-Revenue deliveredsubstantial benefits for relationship managers servicing more than 10million retail accounts. £ The Payments Services Directive (PSD) and the Single Euro PaymentsArea (SEPA) has increased competition among banks in Europe. LogicaCMGbelieves that banks can turn regulatory pressure into a competitiveadvantage through better client service and improved productmanagement. SEPA and PSD compliancy not only forces banks into costand pricing transparency, it also opens up an opportunity for newapproaches to product management, pricing and billing. £ Mi-Revenue has been recognized by the reputable trade magazine"The Banker" for best technical global retail solution 2007. £ As part of the partnership, LogicaCMG and Zafin Labs intend todevelop a joint European Centre of Excellence which will initiallyfocus on clients in the Netherlands. £ Chris Galenkamp, Sales & Marketing Director of LogicaCMG in theNetherlands, commented: "We are pleased to have finalized thispartnership with Zafin Labs. Together we will deliver an integratedsolution for our clients, enabling them to compete in the new Europeanfinancial landscape, comply with regulation and have a stable andeffective operational revenue management environment. " £ Al Karim Somji - CEO of Zafin Labs said, "There is growingrecognition by analysts and clients of the need for modern and robustapproaches to product and market management. Working with LogicaCMGgives our joint clients a comprehensive approach to deliveringbusiness benefits in terms of revenue management and marketoptimization." £ NOTES TO EDITORS £ About LogicaCMG £ LogicaCMG is a major international force in IT and businessservices. It employs around 40,000 people across 41 countries.LogicaCMG's focus is on enabling its customers to build and maintainleadership positions using LogicaCMG's deep industry knowledge and itstrack record for successful delivery. The company provides businessconsulting, systems integration and IT and business processoutsourcing across diverse markets including telecoms and media,financial services, energy and utilities, industry, distribution andtransport and the public sector. Headquartered in Europe, LogicaCMG islisted on both the London Stock Exchange and Euronext (Amsterdam)(LSE:LOG; Euronext:LOG) and traded on the Xternal List of the NordicExchange in Stockholm. More information is available atwww.logicacmg.com Copyright Business Wire 2007