Compaq to market Brokat's e-banking products
A broad strategic alliance between Brokat and Compaq will offer front-to-back web banking solutions via Compaq’s NonStop Himalaya based platform.
Brokat and Compaq have signed a distribution agreement to leverage their strengths in order to sell, implement and support Brokat’s electronic cash management solutions (e-CMS) in targeting the top 100 North American financial institutions.
The agreement allows Compaq the right to market and resell Brokat’s corporate banking application on its NonStop Himalaya based platform.
Brokat’s software product will be bundled with Compaq’s back-office wire system and will also be available on a stand-alone basis.
Compaq will serve as the prime contractor and promote Brokat’s applications as the corporate banking component for its entire NonStop Payment offering.
Compaq will also provide level one support for the software applications it sells, and train a professional service staff to install and implement Brokat’s software.