RealTime IT News

Factor-e Calls in Perot Systems for Technical Support

[London, ENGLAND] Internet financial technologies supplier factor-e has established a business relationship with Perot Systems Corporation by awarding Perot a 5-year technology support contract.

Making the announcement on Thursday at factor-e's base in Dublin, Ireland, were Ross Perot Sr., chairman of Perot Systems, and Martin Frick, chief executive of factor-e plc.

The initial agreement is for Perot Systems to provide desktop and server infrastructure support to factor-e's client first-e the Internet bank, which is operated by factor-e's own parent company first-e group plc.

Currently, factor-e provides Internet financial technologies, solutions and Web hosting facilities to first-e, but admits that it needs the depth of expertise offered by a company such as Perot Systems. Among Perot's tasks will be the management of other IT service providers who become involved with the first-e project.

"Perot Systems has the global reach, flexibility, expertise and understanding required to support our rapidly developing company," said factor-e's Martin Frick, adding that the ability to react to short lead times was another reason for choosing Perot.

Factor-e says it currently employs 260 people at its headquarters in Dublin, but as an offshoot of first-e it will soon become part of the much larger UnoFirst Group which will have operations in Spain, the U.K. and Germany.

Eventually, the UnoFirst Group expects to take its concept of a financial supermarket to all parts of Europe, Latin America and even the United States and Asia.

Behind all the "e-names" and "first-names" is a real French bank named Banque d'Escompte, a relatively small operation that has a paid up capital of around US $35 million.