Rosh Haayin, Israel – April 27, 2008 – Gilon Business Insight Ltd., a leading business intelligence consulting group, signed an agreement to represent Fermat, a leading provider of integrated risk and performance management software, in Israel.
Fermat is a leading provider of integrated risk and performance management software for the global financial services industry.  The company’s products, installed in more than 100 institutions around the world, address enterprise-wide internal and regulatory requirements such as Basel II and Solvency II (insurance), and help financial institutions to reduce risk and maximize return in their day to day business decisions. Fermat’s Basel II solution was awarded “product of the year” in 2008 by RISK Magazine.

“The cooperation between Fermat and Gilon is an integral part of Gilon’s expansion activities into additional business areas in general, and the financial arena in particular, by continuous investment in designated BI solutions for financial services organizations’ risk and performance management” says Dan Ronen, VP Marketing and Sales at Gilon. “The cooperation with Fermat will enable us to provide high quality and comprehensive solutions to banks, insurance and credit companies, investment houses etc., by implementing an advanced solution that handles risk issues with a business intelligence system”.

Gal Rimon, CEO of Gilon says: “Financial organizations are exposed to many risks in the area of financial resource management. Fermat has developed an architecture which supports the most actual risk management requirements, that is most synergistically incorporated with the BI activity. By combining the knowledge and capabilities of Gilon’s BI experts with Fermat’s advanced systems, we can provide insurance companies and other financial organizations with a smart, up-to-date and efficient BI based risk management system. In an era of vast competition, such smart solutions provide security both to the financial organizations and to the regulation entities.”

 

About Fermat
Fermat is a leading independent provider of risk and performance management solutions to the global banking industry. The company addresses the large demand for new measurement and monitoring systems created by the fundamental shift in the banking industry from P&L driven practices to performance/risk driven business management. Fermat has more than 100 customers throughout Europe, the Middle East, Africa, Asia-Pacific and North and South America. For more information, please visit www.Fermat.eu