CS Lucas Joins IBM’s Software as a Service Specialty

SINGAPORE, 1 DEC 2008: CS Lucas Associates Pte Ltd today announced it has joined the IBM Software as a Service (SaaS) Specialty to deliver cloud services to their clients. CS Lucas' flagship product, INFINAX, is a treasury management solution. Since the mid-1990s, buy-side financial institutions have been using INFINAX for corporate treasury, in-house banking and asset/fund management. In addition to traditional licensing, the latest version of the application is designed for a multi-tenanted deployment environment.

IBM offers hardware, software and infrastructure technologies to help its Business Partners deliver secure and scaleable cloud services. Regardless of the state of adoption, IBM can help its partner’s design, build, deliver and market SaaS solutions to help clients transform their business. INFINAX is certified by the IBM Innovation Center to run on IBM System x or System p servers using Windows and Linux operating systems.

"SaaS is one of the fastest growing segments of the IT industry because it provides companies of all sizes with access to innovative solutions delivered remotely via a subscription model," said Dave Mitchell, director of strategy, IBM Developer Relations. "CS Lucas’ commitment to SaaS can provide its customers with a powerful way to reduce implementation costs while rapidly deploying business applications."

"We are pleased that IBM has accepted our company into its SaaS Specialty," said Chee Seong Tan, managing director, CS Lucas Associates Pte Ltd. With INFINAX delivered as SaaS, businesses can now rapidly access best practice processes in a cost-effective fashion.

CS Lucas has begun a co-marketing program with financial institutions and hosting partners to deliver INFINAX SaaS. According to Chee Seong, "Being a part of the program allots us a number of sales and marketing resources that extend our value proposition for our customers."

The IBM SaaS Specialty partner program provides valuable benefits, resources, technical enablement and marketing support. In addition, Business Partners gain access to IBM’s Innovation Centers, providing them with technical support and expertise for helping them test, build and optimize cloud services based on open platforms.

About CS Lucas Associates Pte Ltd

Since 1996, CS Lucas has been providing collaborative treasury and fund management solution. INFINAX, CS Lucas' flagship product, provides structured, end-to-end processing of financial instruments that streamline workflow and improve control. The solution facilitates web-based collaborative information sharing and decision making across the globe in real time.

For more information on the IBM SaaS Specialty partner program, visit: www.ibm.com/partnerworld/saas.