Date Posted: 4/7/2010
Trintech Hosts With Rackspace to Offer Cutting Edge, Hosted Financial GRC Software and Services
Enterprise Customers Avoid IT Maintenance and Associated Costs, Focus on Core Business Competencies and Revenue Growth
DALLAS, SAN ANTONIO, DUBLIN, Ireland and LONDON, March 29, 2010 (GLOBE NEWSWIRE) -- Trintech Group Plc (Nasdaq:TTPA - News), a leading global provider of integrated financial governance, risk management and compliance software solutions, announced an ongoing relationship with Rackspace(R) Hosting (NYSE:RAX - News) to provide customers with Trintech's next-generation Unity Financial GRC Software Suite in a hosted environment via Rackspace servers.
"Today's enterprise GRC customers have more demands than ever in an increasingly competitive and challenging marketplace," said Darren Heffernan, Trintech's Vice President of Global Client Services. "We want our customers to concentrate on their core business and let Trintech provide the infrastructure to manage their best in class Trintech financial solutions. Trintech's relationship with Rackspace allows our customers to avoid the high costs from internal IT infrastructure and effort, and lets customers be up-and-running within days or hours rather than weeks or months."
Trintech's On-Demand business unit offers modular, hosted components of the Unity Financial GRC Software Suite in partnership with Rackspace, including ReconNET high-volume reconciliation software, AssureNET GL general ledger reconciliation and review software, Unity Financial Close workflow and process management software, Unity XFR financial reporting software, and Unity Compliance for regulatory compliance initiatives.
"Most IT departments spend a substantial amount of their time managing internal server environments, which could be better spent advancing strategic initiatives which positively impact the bottom line," said Mark Roenigk, chief operating officer for Rackspace. "Rackspace is proud to provide Trintech with our world-class hosting network, which can allow their customers to focus on using Trintech's solutions rather than managing the details behind the scenes."
Trintech manages data security, storage and backup -- including system and solution upgrades, security monitoring, trend reporting, and all network and hardware maintenance. This enables customers to run multi-platform solutions with constant up-time, 24-hour customer support, in a certified SAS 70, Type II environment.
"For customers looking to grow -- and grow quickly -- a hosted solution offers unmatched flexibility," said Mr. Heffernan. "And in the sometimes rocky economic recovery we're starting to see take shape, flexibility will be critical to success. This type of system architecture can be scaled up or down very quickly to accommodate the changing needs of your business."
About Trintech Group
Trintech Group Plc (Nasdaq:TTPA - News) is a leading global provider of integrated financial governance, risk management, and compliance software solutions for commercial, financial, and healthcare markets. Trintech's recognized expertise in reconciliation process management, financial data aggregation, revenue and cost cycle management, financial close, risk management, and compliance enables customers to gain greater visibility and control of their critical financial processes leading to better overall business performance.
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