Macquarie Bank Allies with Supply Chain Finance Leader PrimeRevenue to Bolster Customer Solutions
Australia financial leader joins network of leading financial providers on growing network
ATLANTA, GA, USA and SYDNEY, Australia, February 6, 2007 - PrimeRevenue, the leading provider of Supply Chain Finance (SCF) solutions, announced today that Macquarie Bank has selected PrimeRevenue’s technology and services as it looks to leverage its global capabilities in the fast growing SCF market.
“As the pre-eminent provider of financial services, Macquarie Bank sees its relationship with PrimeRevenue as providing highly differentiated value to our corporate customers and their supply chains,” said Paul Bide, Executive Director, Debt Markets at Macquarie Bank. “The growing demand for Supply Chain Finance solutions complements PrimeRevenue’s robust web-accessible SCF infrastructure and serves Macquarie Bank’s clients in exciting new ways.”
“The addition of a marquee partner such as Macquarie strengthens our presence in the Australasian region while sending a strong message about the global application of the SCF offering,” said Joe Juliano, CEO, PrimeRevenue. “We very much look forward to working with Macquarie to deliver value to their corporate customers and the supply chains they represent, enabling best-in-class working capital solutions.”
About Macquarie
Macquarie Bank is a pre-eminent provider of investment banking and financial services. In Australasia, Macquarie provides a full range of investment, financial market and advisory products and services. Internationally, the Bank focuses on select markets where it is able to provide special value.
Macquarie Bank was established in 1969. Since then it has been associated with a stream of major financial innovations, achieving significant benefits for clients and underpinning Macquarie's reputation as a market leader. Macquarie has reported successive years of record profits and growth since 1992, and now employs over 9000 people in 24 countries.
For more information about Macquarie, visit the company's Web site at http://www.macquarie.com.
About PrimeRevenue, Inc.
PrimeRevenue's leading global Supply Chain Finance (SCF) platform and solutions enable dramatic new working capital efficiencies for the benefit of buyers and their suppliers. PrimeRevenue achieves this through the delivery of secure, robust, industry-leading technology, a global community of the world’s most innovative financial institutions and partners, and flexible working capital solutions and advice. Recently selected by Bank Technology News as a “Top Ten Tech Company to Watch”, PrimeRevenue is deploying SCF solutions to enable companies the ability to increase profitability, remove risk from their supply chain, and forge stronger trading partner relationships. Headquartered in Atlanta, Georgia, PrimeRevenue has offices and customers throughout the world. For more information visit www.primerevenue.com.
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