A Young Software Firm Hits a Home Run by Selling to Desjardins Bank

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Canadian software company Clear View Systems Ltd. from Vancouver, BC and developer of CurrencyXchanger Foreign Exchange Platform successfully sells its system to Desjardins Bank.

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...after testing multiple solutions, CurrencyXchanger has proven to be the best match for our needs.

Clear View Systems Ltd. (CVS) proves that small players can play in big leagues too. The Vancouver small software company and developer of CurrencyXchanger Software, won its largest account, by selling to Desjardins Bank, N.A. ("Desjardins Bank"). Desjardins Bank, a United States National Bank and a subsidiary of Desjardins Group, the largest cooperative financial group in Canada, purchased CurrencyXchanger for automating its forex operation in the US.

CTO and president of CVS, Tiran Behrouz notes that his company has been approached several times by banks in the past, but never made it to the short list, due to the small size of the company's financial assets. Behrouz gladly comments: “Being selected by Desjardins Bank as the forex solution of choice is a great privilege for us. I am glad that Desjardins made their decision mainly based on the strength of our product.” CVS is steadily growing since 2003 despite the financial crisis by running lean and focusing its efforts on making the best products and services possible for the foreign exchange industry. Today, CVS has hundreds of customers worldwide relying on CurrencyXchanger to run their operation every day.

“Great things start from small beginnings; therefore Desjardins Bank is delighted to partner with a small size company, such as Clear View Systems, to improve its forex processing,” said Daniel Veilleux, President and CFO of Desjardins Bank. “Currency conversion is an important part of our business, and after testing multiple solutions, CurrencyXchanger has proven to be the best match for our needs. Its flexible platform and easy to use interface have made the difference."

About Desjardins Bank – Desjardins Bank is a United States regulated bank which primarily serves Canadian individuals and businesses within the U.S. Desjardins Bank is a subsidiary of Desjardins Group http://www.desjardins.com which is the leading cooperative financial group in Canada with assets of $194 billion. Drawing on the strength of its caisse network in Quebec and Ontario and its subsidiaries across Canada, it offers a full range of financial products and services to its 5.6 million members and clients. Desjardins specializes in Wealth Management and Life and Health Insurance, in Property and Casualty Insurance, in Personal Services, in Business and Institutional Services. “Best Corporate Citizen in Canada” for 2012 and among Canada’s Top 100 Employers for 2012TM, Desjardins is supported by the skills of its 44,645 employees and the commitment of nearly 5,400 elected officers. A new education and cooperation program is now available to Desjardins members and the general public. For more information, visit http://www.desjardins.com/co-opme.

About Clear View Systems Ltd - Established in 2003, Clear View Systems Ltd. (CVS) develops currency exchange software for the money service industry. The company’s multi-currency POS software is known for its revolutionary interface, flexibility, and ease of use. CVS has over 200 customers and sells its product in 15 countries. CurrencyXchanger has been featured on many business websites including Business.com and Forbes.com and the only product in its category that holds a 4.5/5 star rating by software users from Feature-set to usability (visit capterra.com to read independent reviews and testimonials). The company has been granted an A+ rating by Better Business Bureau for its adherence to BBB standards of trust. For more information, visit http://www.clearviewsys.com

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Tiran Behrouz
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