Methodware and Quadrant sign alliance agreement. Sep 2 2005

Methodware and Quadrant are working together to improve the integration of their respective flagship products, Enterprise Risk Assessor (ERA) and B², a modular Basel II end to end solution based on open architecture.

The two companies will participate in joint marketing initiatives in coming months. Integration code will be developed whereby output from the ERA product feeds seamlessly into B².

"I am delighted that Quadrant have selected Methodware as their best of breed supplier for operational risk functionality" commented Dr Chris Moxon, Methodware's CEO, "The strong reputation of Quadrant's products and services coupled with our functionally rich product provides a unique and compelling end to end Basel II solution."

Paul Lockyear, Director at Quadrant, said, "Methodware's ERA is a clear leader in terms of operational risk functionality, customer base and value for money. Integration with B² will add considerable value to our mutual clients".

About Quadrant
Quadrant is a long established specialist banking risk management consultancy, owned and staffed by senior banking executives. For thirteen years Quadrant has helped banks in more than 20 countries on four continents to create best practice strategy and corporate governance architectures and control processes. Quadrant is about hands-on, practical solutions to the eternal conflicts between risk creation and risk containment in financial services.