VendTek Announces Licensing Agreement in Malaysia

Thursday 10 June 2004 11:56 CET | News

VendTek Systems has signed a licensing agreement in Malaysia. Under the terms of the license agreement the customer will use VendTek’s e-FreshTM software for the development and operation of an electronic distribution network in Malaysia.

VendTek will provide software licensing, management consulting, engineering, software and technical support and will receive ongoing compensation including transaction based license fees. The customer has also purchased an e-FreshTM configured server cluster from VendTek, which will be used to launch e-FreshTM in July of this year. The customers business provides solution services for prepaid products in telecommunications, energy and the financial sector. The customer plans to use VendTek’s expertise, software, and other intellectual property for the purpose of developing an electronic distribution business in Malaysia.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce