LONDON, April 6 /PRNewswire/ -- Level Four, the provider of open standards-based ATM software, today announced its partnership with TietoEnator Italia S.p.A., an established provider of IT services to deliver BRIDGE:test to financial institutions in Italy. The partnership offers a best-of-breed ATM network testing solution which combines Level Four's advanced testing software with Tieto's IT consulting and implementation capabilities. The agreement provides Level Four with an additional route to market for BRIDGE:test in Italy and supports Tieto's commitment to expanding its offering for the financial services sector.
The need for improved ATM functionality and increased ATM reliability are key drivers for Italian financial institutions wanting to improve the overall potential of this channel. As such, banks in Italy are increasingly looking to renew their ATM networks and refresh their software. While this brings a number of competitive advantages, it also results in a more complex environment, where banks are forced to rethink their approach to ATM testing. Level Four's testing expertise together with Tieto's experience of delivering software and services to the local market will enable Italian financial institutions to successfully meet this challenge, gaining up to 80% cost and time savings in test cycles.
Maurizio Ciabattini, Sales Executive, Tieto, commented: Building on our multi-channel heritage in cards and payments, we are now enriching our product offering with best-of-breed solutions for the financial services sector. The partnership combines Level Four's ATM testing experience, gained from its work with top tier global banks, with our understanding of the local market. As a result, we are well-placed to support Italian financial institutions in maximising the potential of their ATMs while fulfilling the testing requirements.
Ian Kerr, CEO, Level Four, said: The Italian financial sector is witnessing major ATM network renewals. As part of this process, financial institutions face the need to build a more structured strategy to manage their ATMs and ensuring maximum uptime. The partnership with Tieto enables us to expand our footprint in Italy and to offer to these financial institutions an end-to-end testing solution that maximises their investments and ensures fast ROI. This is a crucial benefit given today's turbulent market, when IT budgets are increasingly tightening.
Tieto is an IT service company providing IT, RD and consulting services. With approximately 16 000 experts, Tieto is among the leading IT service companies in Northern Europe and the global leader in selected segments. Tieto specialises in areas where it has the deepest understanding of its customers' businesses and needs. Tieto's superior customer centricity and Nordic expertise set the company apart from its competitors.
Tieto is company's new brand name as of 1 December 2008. The official registered name of the company is TietoEnator Corporation. TietoEnator Italia S.p.A. is headquartered in Rome, with branches in Milan and Padua, with over 600 professionals in the ICT sector.
About Level Four
Level Four's integrated BRIDGE suite of open ATM software products have been developed to address the needs of ATM deployers seeking to maximise their investment in the ATM channel. BRIDGE is targeted at banks and ATM deployers who are running, or seeking to run, a modern ATM network based on the industry-wide CEN/XFS open standard. As a true holistic offering, BRIDGE recognises the needs of ATM deployers in the areas of installation, testing and monitoring as well as run-time ATM software.
Since 1995, Level Four has built an impressive global customer base of banks and payments processors including, Royal Bank of Scotland, Lloyds TSB, Bank of America, CIBC, VocaLink and Standard Bank of South Africa. Headquartered in Dunfermline, Level Four has offices in Dubai and Charlotte, NC.
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