Sigma Global Solutions and Octanewave Partner to Develop Wireless Financial Applications

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Financial Service Providers to Benefit from Innovative Customer Offerings and Increased Revenue Opportunities

Sigma Global Solutions, a premier provider of custom software development and offshore outsourcing services, today announced a partnership with Octanewave, a market-leading provider of wireless solutions, to develop wireless and mobile applications for the financial services industry. Sigma's comprehensive experience in application development and offshore outsourcing, coupled with Octanewave's track record of innovation in the wireless field, will provide the synergies to deliver new ideas from design to implementation in the burgeoning market of financial applications for wireless subscribers.

As the financial services industry continues to extend its services beyond a traditional bricks and mortar presence, it has become clear that a web presence alone will not serve all needs. In complex transactions involving lending and insurance, brokers, agents, and salespeople are increasingly choosing to meet clients at the point of transaction. Sigma Global and Octanewave have decided to address this market opportunity via partnership by combining expertise and skills in the areas of financial industry processes, IT security and wireless services infrastructure.

Sigma Global develops robust applications that guarantee the security and integrity of financial business transactions. Using the Octanewave platform, existing back-office applications can easily be redeployed across a wide spectrum of wireless devices including PDAs, tablet PCs and laptops. Sigma Global is currently producing lending applications for a Toronto-based financial services company.

The Octanewave Wireless Enterprise Platform allows mobile employees to access and update disparate enterprise and legacy applications with a unified user interface. The applications are configurable to support specific business processes. Additionally, the Octanewave Wireless Enterprise Platform allows rapid deployment of existing business applications while addressing the often under-estimated issues of guaranteeing transaction delivery and integrity, including in areas of limited or inconsistent wireless service.

“Our customers’ ability to deploy existing business applications as mobile applications is having a profound effect on the way they go to market,” said Gavin Welbourn, President and COO of Sigma Global Solutions. “Real time information in the field, order entry and instant approvals are enabling our customers to close deals on the spot, shutting out opportunities for competitors to bid. We are now at the point where networks and technology are available to put the service where the customers are.”

“We are very excited about this partnership. ” said Imran Bashir, CEO of Octanewave. “With Sigma Global’s rich software development experience and our ongoing innovations in this field, we are seeing some truly revolutionary wireless and mobile applications come to market.”

About Sigma Global Solutions

Sigma Global Solutions is a premier software solutions and services organization providing application development, maintenance and consulting services. Sigma’s key differentiator is its ability to deliver the benefits of global outsourcing while isolating our clients from the complexities of time, language, culture and distance that can make global sourcing difficult. Sigma’s Technology Delivery Centres located in Toronto and Pune, India have enabled its customers to derive significant reductions in time and costs through strategic sourcing. The company’s Toronto-based team of professionals provides local client interface, accountability and project management. From dedicated resources working onsite at client offices, to a blend of onshore/offshore, to a fully-managed offshore relationship, Sigma has the experience to manage each scenario seamlessly. For more information, visit http://www.sigmaglobal.ca

About Octanewave Software

As a market-leading provider of wireless solutions, Octanewave delivers the industry's most comprehensive framework for Wireless Enterprise Applications that are network- and device-independent. The Octanewave Wireless Enterprise Platform allows customers to achieve quantifiable Return On Investment by allowing mobile employees to access and update disparate enterprise and legacy applications, with a unified user interface, and applications that are configurable to support specific business processes. Through this seamless flow of information, companies can reduce costs, create new revenue opportunities, strengthen relationships with customers, substantially increase supply chain efficiencies and streamline internal business processes. For more information, visit http://www.octanewave.com.

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Gavin K. Welbourn
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