VANCOUVER, CANADA -- 11/05/09 --
QuIC Financial Technologies Inc, a global solutions provider of risk management, pricing and financial analytics, today announced a strategic cooperative partnership with RedShift International, a specialist credit risk consulting company, to offer enhanced credit risk solutions designed to address the evolving risks facing the global energy sector.
"By partnering with RedShift, we are able to meet the growing demand for our solutions in the growing energy sector marketplace," stated Justin Forrest, Executive Vice President of Global Sales for QuIC. "We look forward to assisting their teams as they incorporate QuIC technology into their service offerings, strengthening their ability to deliver comprehensive credit risk solutions."
Under the terms of the agreement, the two companies will leverage each other's core competencies and domain expertise to expand their reach in this key market.
"We are eager to learn more about QuIC Solutions and offer our services to implement their technology," added Aviv Handler, Partner of RedShift. "As part of our growth strategy we have joined forces with several leading risk management providers who will allow us to build out our service portfolio to help energy vendors and operators manage their critical credit risk systems."
As part of this new cooperative partnership, QuIC will benefit by tapping into RedShift's approach to credit risk solutions and professional services for the energy sector. By implementing QuIC technology, RedShift can offer unparalleled performance of risk analytics, improving the speed and accuracy of real-time information on risk adjusted exposures to facilitate critical business decisions.
About RedShift International Limited
RedShift International is a specialist credit risk consulting company that offers expertise and services for the energy, commodity and investment banking markets. RedShift offers unparalleled expertise and experience in the area of credit risk processes, system implementations and optimal configuration through the founders' direct experience of over 30 credit projects.
About QuIC Financial Technologies, Inc.
QuIC is a global solutions provider for risk management, pricing and financial analytics.
The QuIC Product Suite features an exceptionally fast vector-based calculation and simulation platform for pricing, risk management and financial analytics. Built with fully open technology, the QuIC Product Suite integrates easily with in-house and partner systems and operates in diverse environments, from a single laptop to large distributed grids. QuIC technology is delivered on a shared calculation fabric available to multiple recipients throughout the enterprise, allowing risk management professionals to collaborate in developing new analytics strategies and technology solutions.
Contacts:
Press Contact
QuIC Financial Technologies Inc.
Julie Zuzek, Director of Marketing and Communications
+44 (0)20 7562 4570
+44 (0)20 7562 4571 (FAX)
julie.zuzek@quic.com
