SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced that it has extended its partnership with Bahwan CyberTek (BCT) to distribute SmartStream’s TLM Corona and TLM Trade Finance solutions in India.

BCT is already supporting SmartStream throughout the Middle East for both TLM Corona and TLM Trade Finance. Following the success of this relationship, the two companies believe that their combined strengths can also deliver greater value to firms in India.

Ram Subramaniam, Executive Vice President, Bahwan CyberTek, said: “We are pleased that our partnership with SmartStream is working well and has now been extended beyond the initial remit of Middle East and into our home market in India. BCT has a long and successful history of supporting the financial services market in India, consistently adding value to our clients operations by delivering market leading IT solutions. SmartStream’s proven solutions can significantly benefit firms in India looking to deliver more efficient and cost-effective operations.”

Richard Cummings, Regional Director, Asia Pacific, SmartStream Technologies, said: “We have experienced significant growth across the Asia Pacific region over recent years and have established ourselves as the leading provider of transaction processing solutions. To further build upon our success in India and support a strategically important and growing financial services market we have extended our partnership with BCT to serve the Indian domestic market. SmartStream and BCT have already forged a strong relationship and this announcement is great news for Indian firms looking to introduce proven solutions to meet their evolving business needs.”

Mike Walsh, Channel Partners Director, Asia Pacific, SmartStream Technologies, added: “We are delighted to announce the extension of this partnership with Bahwan CyberTek into the Asia Pacific region. Our ongoing Partner Programme is essential to driving growth in new geographic regions and broaden our distribution channels. We were impressed with how well the BCT partnership was working in the Middle East and extending it into India was the logical next step. This is the first of many partnerships I hope to announce as we further expand our business across the region”.