High growth for Parallon during first half of 2008

Parallon has experienced high growth during the first six months of 2008, with 13 projects completed or in progress during that period, and a strong pipeline for the remaining of 2008. Spread of broadband an d on-line services along with strong competition in the Banking and Telecom sect ors have pushed the demand for IT management solutions, in order to improve the quality of IT services and efficiencies of large organizations across South/East Europe and the Middle East. The Arab National Bank in Saudi Arabia has witness tremendous improvement in the availability and quality of its on-line stock tra ding with the HP Software management solution deployed in 2007 by Parallon. The Arab National Bank is expanding the service management platform to the rest of the bank\222s services in 2008 while another project in the retail banking secto r is in progress at the Alpha Bank in Greece and the management of the branch ba nking at Piraeus Bank in Athens will start in July of this year.
"During 2005 and 2006 we focused in developing our consulting team, that is essentially our product, and in 2007 the focus was on developing our sales force . The development was successfully completed and we moved from the startup phas e to a developed company where all cylinders are firing in 2008. Parallon has m ade a reputable name in the market for quality professional services that made a difference and we owe that to the hard work of our consultants and the support of our customers and partners. Our business plan for the next 3 years is to gro w our presence in the Arab Gulf and particularly Saudi Arabia and the UAE.\224 s aid George Petrides, Parallon\222s managing director.
Also, Hewlett-Packard renewed the Resource Alliance Partner contract with Pa rallon to cover Central/East Europe, Middle East and Africa. Parallon has been a loyal partner of HP for the past seven years and the combination of forces bet ween the two companies guarantees superb results for the customers.

During the first half of 2008, the Parallon team has completed or delivering the following thirteen projects, with the majority of them in partnership with HP C onsulting and Integration:

Pafos Airport:

  • Network management at the new international airport of Pafos for Hermes Airports, in partnership with ENET Solutions. Network management will be delive red at the new Larnaka Airport upon completion of the facilities at the end of 2 008.

  • Greece:
    Alpha Bank

  • A project is in progress at Alpha Bank in partnership with HP Hellas to monitor the IT Infrastructure that will cover 200 servers, networks, application s and databases.

  • Athens International Airport
  • UPS Monitoring via HP Openview Operations

  • Athens Stock Exchange
  • Completion of Incident Management with Service Desk and starting the mon itoring of systems.

  • Cosmote
  • Completed the implementation of SNMP V3 protocol for the existing network monitoring and reporting platform.

  • Netone
  • Completed the integration of Service Desk and Siebel CRM

  • Wind
  • Monitoring of Pre-Paid billing for updated BRIO platform

  • Monitoring of CDR flows

  • Oman:
    Bank Muscat

  • Implemented reporting for Network, Incident Management and SLAs with OV Performance Insight.
  • United Arab Emirates:

  • Implementation of monitors for the managed services customers

  • Migration from Service Information Portal to HP Openview Dashboard with 500 customers ( http://si.etisalat.ae/jetspeed/portal )

  • Implementation of infrastructure monitoring for Datacomm group

  • Integrated Telecommunications Company (du)
  • Migration of Openview IT management platform to high availability clusters.

  • About Parallon Systems: Founded in 2001 and headquartered in Nicosia, Cyprus, Parallon is an Information Technology Infrastructure and Service management consulting firm operating in S outh/East Europe, Middle East and Africa. Parallon is a Resource Alliance Partne r of Hewlett-Packard for Central/East Europe, Middle East and Africa and a Gold HP Software Partner. Parallon has delivered HP Software solutions in more than 40 customers in 10 countries in the telecommunications, banking and petrochemica l sectors.