Press Releases

Tarang Software forays into Saudi Arabia

To implement 'EMV compliant' PoS Solution for Intersoft

Bangalore, June 19, 2008 - Bangalore based Tarang Software Technologies (Tarang), a leading provider of Point of Sale (PoS) and mobile payment solutions, acquired its first EMV customer, Intersoft, in Saudi Arabia. EMV is the Europay Mastercard Visa Integrated Chip Card Standard to ensure secure PoS payment transactions.

Intersoft, which is headquartered in Riyadh, Saudi Arabia, is a specialized provider of PoS solutions.

Intersoft has partnered with Tarang to develop and certify SPAN II application on MagIC terminal. SPAN II is the latest specification for implementing EMV Level II in Saudi Arabia and it is mandatory for any payment application on PoS/ATM to comply with this specification.

Tarang, a SEI CMM Level 5 IT services company, is a leader in the Electronic Transactions (Payments) domain, offering end-to-end business solutions. The company’s top-of-the line solutions and services are in PoS applications, Payment Gateways, Mobile Payment, Contactless Payment Interfaces, Gift and Loyalty solutions, Merchant Boarding , Certification Testing, EMV and Fraud Management.

V. Rama Kumar, Founder & CEO, Tarang said, "Tarang’s leadership in Payment Technologies is once again strongly established. EMV is the way to go for PoS solutions across Middle East, India and Europe. I am happy that Tarang is at the fore- front once again."

Ammar Al-Qadi, Owner & General Manager, Intersoft said, "We are delighted to find Tarang as our right outsourcing partner. The Tarang team, which has deep understanding of the PoS & Payments domain, has been successfully working as an extended arm of Intersoft. We are confident that we can leverage on Tarang’s domain expertise to sustain our leadership in Middle East. We look forward to a fruitful and growing relationship where both the companies would mutually benefit."

"Tarang, which employees about 300 people at its Bangalore facility has achieved a turnover of $ 5 million last fiscal. This financial year, the company expects to achieve a turnover of $ 7 million" added V.Rama Kumar.

Tarang Software Technologies established in the year 2000 is a leading provider of software solutions & services in Electronic Payment and Point of Sale Systems. Having been assessed at SEI CMM Level 5, Tarang specializes in architecting, developing, implementing pervasive payment solutions like E- payment solutions, Account wallet, Wireless Applications Solutions like Billing systems, One view, ticketing, banking, Gift and Loyalty, Merchant solutions, e-Topup using WAP, Mobile PoS Terminal, e commerce Portals & NFC.

Fortune 500 companies like Verisign, Payment Data Systems, Electracash, Card Services International, and First Data Corporation have been associated with Tarang to be competitive in their markets.

Intersoft, an International Company with its headquarters in Saudi Arabia was established in 1991 as a company specialized in Retail, Hospitality and Banking Point of Sale Systems and their various sub-systems. Intersoft has built a strong clientele testifying their creativity, commitment to quality and after sales service. Specialized in delivering customized electronic banking solutions, currently Intersoft operates through four branches, 3 in Saudi Arabia and 1 in United Arab Emirates.

With a workforce of more than 120, Intersoft was the first to introduce state-of-the-art electronic banking systems with locally designed software and sub systems. They were the first to introduce the Smart Cards in Saudi Arabia by using SIM (Subscriber Identity Module) in POS terminals. Intersoft is the most trusted source for e-Banking systems in Saudi Arabia and GCC.

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