Press Releases

Trevally and Odessa Sign Strategic Partnership

SHARE:

Philadelphia, PA May 30, 2012 - Trevally Financial Software Solutions (Pty) Ltd ("Trevally") and Odessa Technologies, Inc. ("Odessa") have announced a strategic partnership establishing Trevally as a marketing, implementation and support partner of Odessa’s end-to-end lease, loan and fleet management platform, LeaseWave®. The partnership will cater to organizations involved in equipment finance, vehicle and fleet leasing in South Africa and its surrounding countries.

“The leasing market in South Africa and its surrounding countries is evolving, resulting in a strong demand for new technology to support increasingly complex and rapidly growing operations” says John Lagaay, Director, Trevally. “After a comprehensive study that included all of the top global lease management systems, we identified LeaseWave® as the best fit for this market, because of its unique combination of mature functionality, configurable design and state-of-the-art technology.”

“Trevally has extensive experience and established credibility in the financial services market in Southern Africa. We viewed this as essential to help our clients navigate the nuances related to tax, regulatory requirements, accounting practices and overall compliance in South Africa.” says Jay Mehra, COO of Odessa. “The partnership will render the benefits of a global lease management system to South African businesses through the power of local presence, support and knowledge.”

About Trevally Financial Software Solutions (Pty) Ltd

Trevally Financial Software Solutions (Pty) Ltd was established in 2009 with the express purpose of offering financial banking solutions in South Africa, Lesotho, Botswana, Swaziland, Zambia, Malawi, Mozambique and Namibia. Trevally is the sole representative of the Finacle core banking solution in South Africa and associated territories and has been a key partner in establishing Finacle as a leading player in the financial services market within each of these countries. Recent accomplishments include a multi country implementation project with one of South Africa’s big four banks, resulting in the transformation and replacement of their dated core banking applications, the provision of a new internet e-Banking platform with the addition of an Islamic banking module in certain countries. To learn more about Trevally Financial Software Solutions (Pty) Ltd, please go to www.trevally.co.za.

Press Inquires

Keelie Fitzgerald 1.215.231.9800 x 120
press@odessatech.com

About Odessa Technologies, Inc.

Odessa Technologies, Inc. is a software company exclusively focused on the leasing industry. The company is headquartered in Philadelphia, PA and employs a staff of 400. The LeaseWave® suite is a fully Internet-based family of products, providing an end-to-end lease, fleet and loan origination and portfolio management solution for equipment leasing and finance, vehicle leasing and finance and fleet management companies. The LeaseWave® suite is engineered to be configurable and customizable to accommodate complex business models and it is also designed to be available as a SaaS product. Learn more about Odessa Technologies, Inc. and its services by visiting www.OdessaTechnologies.com.