Released on: July 10, 2008, 8:15 am

Press Release Author: Nexedi

Industry: Software

Press Release Summary: This is our latest news. Open Source ERP5 is now used to
handle 90% of operations of a Central Bank including currency issuing in 8
countries.

Press Release Body: Paris, Tokyo, March-en-Baroeul, Dakar, Fredericksburg -
2008-07-09 -
After five months of continuous operations, Nexedi announces the first successful
implementation of its open source ERP5 in a Central Bank, to manage the monetary
system of 80 million people in 8 countries. Never before has an open source project
reached this level of strategic mission critical application. ERP5 Banking is
available for download to the 250 central banks worldwide, to free their economies
from proprietary software vendor lock-in.

Yoshinori Okuji, Nexedi CTO, says :\"ERP5 Banking has been used everyday for five
months by 300 power users and has performed flawlessly. It runs on a Linux cluster
of 32 nodes. ERP5 processes up to 5000 complex transactional workflows per hour with
perfect linear scalability. This successful implementation is proof that open source
can technically meet the most demanding business requirements. The combination of
Zope Object Database (ZODB) and ERP5 Active Object technologies is the secret behind
this technical success.\"

Sebastien Robin, ERP Banking project manager says :\"This project\'s success is due to
the unsurpassed flexibility of ERP5 in terms of workflows and security rules, as
well as the quality assurance process at the core of ERP5. More than 3000 automatic
tests cover every detail of the application and of the monetary operations, to
ensure the system will meet customer expectations without interruption. ERP5 Banking
interfaces with the SWIFT network, with real time compensation systems. With more
than 60 modules, it provides the full scope of a Global Banking solution.\"

Rob Page, CEO of Zope Corporation said, \"It is gratifying to see the Zope
application server powering such a critical application.\" \"Zope clearly is in that
elite group of development platforms (open source or otherwise) which have
demonstrated the maturity to support enterprise class, mission critical
applications. We congratulate the team at Nexedi on this substantial accomplishment\"

\"We are proud and happy that Nexedi chose to develop this project using Mandriva as
the Linux distribution of choice. This is a good example of the type of project that
can be addressed now given the maturity of open source components\" said François
Bancilhon, CEO of Mandriva.

Jean-Paul Smets, CEO of Nexedi concludes: \"With a physical presence in Europe,
America, Africa and Asia, Nexedi can provide 24H around-the-clock support to
corporations and governments, and handle the most complex business projects. ERP5
Banking is succeeding where well-known proprietary solutions have failed. There are
two main reasons : 1. its flexibility which drastically simplifies complex
configuration and, 2. global developer community which guarantees ongoing support
over decades, (while proprietary vendors often stop after 5 years.) This vibrant
developer community ensures customers that they will never be locked into a vendor.
This is true software/business freedom.\"

Permanent URL of this Press Release

http://www.erp5.com/news-central.bank

Contact Information

Email: press@nexedi.com
Phones:
* Jean-Paul Smets (CEO): +33 629 02 44 25 (French, English, Spanish, Japanese)
* Rafael Monnerat: +33 6 62 05 76 14 before 2008-09-01 or +55 22 88 08 85 00 after
2008-09-01 (Portuguese)


About ERP5 Banking

ERP5 Banking provides a complete solution for central banking, and is the first Open
Source ERP to be implemented successfully for a central bank in the world. As it is
Open Source, it can adapt to any business requirement and specificity at a low cost,
as there are no licensing costs.

http://www.erp5.com/erp5-Central.Banking.Pamphlet/view (PDF Description)
http://www.erp5.com (ERP5)

About Nexedi

Nexedi is the creator and leader of the ERP5 open source ERP project. ERP5 has been
developed and deployed ERP5 for a wide range of industries such as aerospace,
apparel, banking, healthcare and government. ERP5 is used in companies of all sizes
in Africa, Asia, Europe, North America and South America. The open source nature of
ERP5 eliminates licensing costs and provides full freedom to update and customise
the system as business requirements change without single vendor lock-in.

Nexedi provides 24H around-the-clock support to corporations and governments wishing
to migrate their mission critical applications to open source software solutions.

http://www.nexedi.com

About Mandriva

Mandriva, formerly known as Mandrakesoft, is the publisher of Mandriva Linux, an
easy-to-use and innovative operating system. It is one of the most popular Linux
editions in the world. Dedicated to making open source technologies accessible to
all users, the company offers a full range of products and services to individuals,
enterprises and government organizations. Mandriva products are available online in
80 languages and in more than 140 countries through dedicated channels.
Headquartered in Paris, France, the company is publicly traded on the Euronext
Marche Libre.

http://www.mandriva.com

About Zope

Zope Corporation is the leading provider of revenue-generating, turnkey, hosted
Internet solutions for publishers and media groups, powering over 400 major media
properties including daily/weekly newspapers and television stations. Zope provides
well-integrated, easy-to-use solutions for content management, classifieds, ad
serving management, blogging, video and federated search.

http://www.zope.com

Legal

Nexedi and ERP5 are registered trademarks of Nexedi. Other trademarks are registered
trademarks of their respective owners.

Web Site: http://www.erp5.com/

Contact Details:

Nexedi
270 bd Clémenceau
59700 Marcq-en-Baroeul - FRANCE

Contact: Jean-Paul Smets
Email: press@nexedi.com
Phone: +33(0)6 29 02 44 25