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Makeena Corporation

Quadria Group Founded by Payment Industry Leaders - New Force in Payments Launches Makeena Corporation as Global Payments Solution Provider and Integrator

Kuala Lumpur, Malaysia (ots)

Four leading figures in the payment
industry today announced that they have joined forces to create the
Quadria Group. Over the next several months, Quadria plans to bring
together an integrated group of companies to provide turnkey payment
software, integration, processing, CRM, and fraud prevention and
detection solutions. Quadria's solutions and services will serve
businesses across the entire payment spectrum, including global
financial institutions, retailers, and payment processors.
Led by former Oasis Technology co-founders Ashraf Dimitri and
Sunny Siu, Quadria also includes former long-term Oasis principals
Jorge Noguera and Tony Horrell. Together, Quadria's executives bring
several decades of business and technical expertise in the payments
industry, proven management capabilities, and trusted relationships
with established payment industry partners. As former members of
Oasis' management team, Quadria's founders were responsible for
developing the foundation technology for the IST(R) brand of payment
products and increasing Oasis' installed footprint in more than 70
countries. Oasis, based in Toronto, is a leading provider of payment
products designed for every stage of the payment processing
lifecycle, including transaction switching, authorization,
interchange, clearing and settlement.
In late 2002, Quadria launched the first of its payment companies,
Makeena Corporation. A full-service solutions provider and system
integrator based in Kuala Lumpur, Malaysia, Makeena delivers
comprehensive solutions for end-to-end payment processing for any
payment type, from any device, at any time. The company's range of
solutions includes complete payment processing and management from a
wide range of delivery channels, including ATM, POS, Internet and
mobile. In addition, Makeena will focus on the expert integration of
legacy technology with emerging payment models. This strategy is
designed to keep Makeena's customers at the leading edge of payment
processing standards while maximizing their return on existing
technology investments.
"With our strong track record in the payments industry, Makeena is
uniquely positioned to deliver innovative, proven, and reliable
payment solutions to customers around the world," said Ashraf
Dimitri, president and CEO of Makeena. "Our access to open systems
software that we helped to pioneer, in addition to complementary
payment processing services, CRM and fraud prevention applications,
gives our solutions the breadth and depth our customers need to meet
all of their payment processing requirements. As a single vendor of
choice with proven products and services, we are equipped to deliver
the most complete integrated solution on the market."
Makeena is Oasis Technology's registered agent in the Asia-Pacific
region, and currently holds a master distributor agreement for Oasis'
suite of IST payment products. Makeena currently supports 35
customers running on the Oasis platform, including ABN AMRO, China
Construction Bank, FISC, IDBI, and Megalink, and is developing
projects for several new customers in the region.
In addition to Makeena, Quadria plans to selectively acquire new
businesses and products that enhance the value proposition and
performance of its integrated suite of payment solutions.
About Quadria Group
Founded by four payment industry leaders, Quadria Group brings
together an integrated group of companies to provide turnkey payment
software, integration, processing, CRM, and fraud prevention and
detection solutions. Quadria's solution and service companies serve
businesses across the entire payment spectrum, including global
financial institutions, retailers, and payment processors. The
Quadria Group includes Makeena Corporation.
About Makeena Corporation
Makeena Corporation is an innovative payment industry solutions
provider and system integrator. Working directly with partners,
Makeena's integrated solutions provide end-to-end processing of any
type of payment, from any type of device, at any time. Makeena
understands payment processing. Our expertise in business
requirements, payment services and software products means we are
able to provide the right components to deliver proven results for
our customers. We deliver software, implementation service,
integration service to existing systems, and ongoing solution support
to a wide range of global customers. Our solutions are open,
embracing a wide range of the best products, solutions, platforms,
and technology providers. Regardless of the payment solution, Makeena
delivers long-term benefits based on the value of our products and
services. www.makeena.com.

Contact:

Ashraf Dimitri
Makeena Corporation
Phone: +1/603/2733-0909
E-Mail: ashraf.dimitri@makeena.com