Backbase has partnered with the CIS Banking division of France-based electronics and security company Thales. The partnership strengthens and further extends the reach of Backbase’s eco-system of companies with deep financial services roots.

“It’s great to work with a regional partner like Thales because not only do they have deep expertise in the financial services industry and core systems there, but they combine it with existing, strong relationships with local banks,” said Jouk Pleiter, Backbase CEO.

As a Backbase reseller and certified implementation partner Thales will be helping with Backbase’s market development and resource capacity in Spain, Latin America and the Middle East.

Commenting on the partnership David Moreno, Banking & Insurance Sector Director for Thales said: “We were looking for a way to update our banking systems and give our clients Web 2.0 functionality. Backbase’s user-experience layer compliments our existing systems and allows for the kind of customer engagement our clients require.”

Thales named Saudi Arabia-based Al Rajhi, one of the largest Islamic banks in the world, as one of the first customers set to benefit from the Backbase user-experience platform.

About Thales

Thales is a global technology leader for the Defence & Security and the Aerospace & Transport markets. In 2010, the company generated revenues of €13.1 billion with 68,000 employees in 50 countries. With its 22,500 engineers and researchers, Thales has a unique capability to design, develop and deploy equipment, systems and services that meet the most complex security requirements. Thales has an exceptional international footprint, with operations around the world working with customers as local partners. Thales Spain employs 2,000 staff members. In 2010 Thales Spain revenues were around €359 million.