HOLCOM Group Becomes a Shareholder in Capital Banking Solutions

NEW YORK, NY–(Marketwired – Nov 5, 2013) – Capital Banking Solutions, a provider of end-to-end banking software for retail, corporate and private banks, today announced that HOLCOM Group, a $3B IT Group with presence in the Middle East, Europe and Africa, has become a shareholder.

“We are excited by HOLCOM’s investment in us and see it as a testament to our strength, vision and direction as a company,” said Nicolas Jabbour, Group CEO of Capital Banking Solutions. “The partnership offers our company and our customers tremendous benefits by empowering us with expanded reach, additional resources and a full spectrum of strong IT capabilities. By working together with HOLCOM we know that we can further grow our portfolio of offerings and provide continued excellence in the banking field while accelerating the execution of our strategic vision and plans for the company.”

“As we invest in our value-add offerings we are excited to strengthen our position in the banking market by adding the Capital Banking Solutions’ suite of products to our portfolio,” said Mr. Claude J. Bahsali, Chairman & CEO of ITG (Holding) group which is affiliated to HOLCOM and will drive the partnership forward. “We will be able to approach our markets and customers with a broader range of high-quality products, as well as expand into new regions where Capital Banking Solutions has a presence. With our established reputation in the IT industry we look to team with companies like Capital Banking Solutions that have innovative software, a proven track record and the same commitment to customer excellence and professionalism.”

About Capital Banking Solutions
Capital Banking Solutions is a leading provider of end-to-end, integrated banking software for businesses across Europe, Africa, the Middle East and the Americas. The company offers a suite of integrated and modular products for retail, corporate and private banks, as well as financial institutions, including Core Banking, Portfolio Management, BI, CRM, Compliance and Mobile Banking. Capital Banking Solutions combines its rich, 20-year history of banking expertise with innovative, proven software and a comprehensive portfolio of professional services, to deliver full service solutions to over 200 customers worldwide. For more information, please visit http://www.capital-banking.com.

About HOLCOM Group
HOLCOM Group, operating since 1967 in the Middle East, Europe and Africa, is a highly diversified group of companies specializing in different IT fields and business sectors. With an established reputation of expertise and professionalism, the company has built strong relationships with worldwide leaders in the IT industry, in order to serve its clients with state of the art solutions in the areas of Hardware, System Software, Application Software and Professional Services. For more information: www.itgholding.com.

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Devi Gupta

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