Avaloq and COMIT have been working together closely in Switzerland for eleven years. The proven partnership is now to take on an international dimension: effective immediately COMIT, which has held the status of a premium implementation partner for the core banking solution Avaloq Banking System in Switzerland since 1 July 2006, is Avaloq's official implementation partner for the Southeast Asian city state. COMIT is firmly entrenched in Asia: the company has been present in Singapore since 2006, where it has a workforce of twenty managing local implementation projects. More than 10 percent of COMIT's revenues already stem from international project business.
Franzisco Fernandez, CEO of Avaloq Evolution AG: «We are pleased to be able to extend our successful partnership with COMIT beyond Switzerland's borders. This is a logical step and of enormous advantage to both companies. The Singapore location is of fundamental importance to Avaloq's internationalisation strategy. The expansion of our partnership with COMIT is testimony to our company's commitment to Southeast Asia.»
Marcel Walker, CEO of COMIT: «We have continually strengthened our presence in Southeast Asia over the past few years and provide our customers and partners with support from our Singapore office. The implementation of core banking systems is one of our company's core competencies. For this reason, we now look forward to pressing ahead together with Avaloq with interesting projects in Singapore.»
The Avaloq Community has grown further with the intensification of the partnership with COMIT. This network of excellence brings together Avaloq, its customers and all its partners in a «hub», in which first-rate partners in the fields of implementation, software, services and technology can pool above-average core competencies and together develop and drive forward innovative and efficient solutions at different levels.