Singapore (3 Jan 2003) - Ecquaria Limited (www.ecquaria.com), leader in enterprise software architecture, today announced an alliance with KPMG Consulting in Singapore, a provider of management consulting and technology related services, to co-develop and co-market eFIMIS (e-Financial Management Information System) Application Package to clients in the financial services industry. The two companies are working closely to integrate their solutions and services to provide the web-based factoring information system with increased flexibility and effectiveness in operational processes associated with factoring, while reducing costs and complexity.

Together, Ecquaria and KPMG Consulting are enabling companies to significantly enhance the way they conduct their factoring businesses. Through eFIMIS, they are able to access complete end-to-end services to perform Web-based factoring services such as client accounting, customer accounting, debt collection monitoring, computation of charges, inter-factor accounting, generation of management reports. They can look forward to a rapid and successful delivery of timely management information for improved management decision-making in critical areas to their businesses.

eFIMIS helps clients to replace intensive usage of manpower, time and costs spent in operational processes with a streamlined workflow between functional areas, reduced delivery times and improved day-to-day business operations. As it is web-based, it enables companies to reduce associated IT infrastructure and administration costs.

The flexible and extensible architecture of eFIMIS was derived from Ecquaria's enterprise software architecture expertise in combination with KPMG Consulting's information technology consulting services. Ecquaria SOP™ provides KPMG Consulting's FIMIS (Financial Management Information System) solutions with an enterprise software infrastructure to reduce development complexity and the risks of developing the FIMIS solutions for web-based access. Ecquaria SOP™ also provides KPMG Consulting with integrated Web Services development, deployment and management.

"The approach of the alliance involves combining our FIMIS solutions with enterprise infrastructure from Ecquaria. Together with Ecquaria, KPMG Consulting will be able to enhance the experience of the FIMIS users by providing a web-based solution with greater flexibility and efficiency," said Neo Ban Seng, director of KPMG IT Consulting.

"Ecquaria provides a compelling infrastructure which KPMG Consulting can layer their own domain expertise. We are pleased to work with KPMG Consulting to provide our clients with a reliable and flexible e-factoring solution," said Paul Leong, Vice President of Business Development, Ecquaria.

About Ecquaria Service-Oriented Platform™ (Ecquaria SOP™)

Ecquaria SOP™ is a fully J2EE (Java 2 Enterprise Edition) compliant software infrastructure. It is designed to enable governments and enterprises worldwide to deliver customer-centric electronic services to internal or external users over a variety of channels. Ecquaria SOP™ provides integrated Web Services development, management and deployment to rapidly implement scalable and cross-platform Web Services. Built on open standards, Ecquaria SOP™ supports Web Services standards UDDI (Universal Description, Discovery and Integration), SOAP (Simple Object Access Protocol) and WSDL (Web Services Description Language) to deliver significant business results. It enables enterprises to reduce their costs whilst increasing the level of service and quality of experience for their customers.

About Ecquaria Limited

Ecquaria, chief architect of the Singapore Government Public Services Infrastructure (PSi), delivers benefits of the Ecquaria Service-Oriented Platform™ to empower governments and enterprises worldwide to develop and deploy rich and diverse customer-centric services. Supported by a strong team of specialists in enterprise architectures, Ecquaria is committed to help clients succeed in increasing flexibility, agility and ultimately shortening the time to market. Some of Ecquaria's customers include the Infocomm Development Authority (iDA) of Singapore, Civil Aviation Authority of Singapore, Ministry of Finance, The World Bank and MobileOne. Ecquaria has global presence and support in Singapore, China, Hong Kong, Brunei, Malaysia, Thailand, U.S. and Europe. More information about Ecquaria is available at www.ecquaria.com or email pr@ecquaria.com.

About KPMG Consulting

KPMG Consulting is the management consulting arm of KPMG Singapore. Drawing on the world-class resources of this global network of business advisory firms, KPMG Consulting provides advanced industry-focused, end-to-end solutions in the area of business performance improvement, information and internet technologies, and strategic financial management. More information about KPMG is available at www.kpmg.com.sg.