BTM co OpTier wins European tax authority deal

OpTier's solution will enable the tax authority to monitor all activities made by taxpayers on its website.

OpTier Ltd. will supply its business transaction management (BTM) solutions to the tax authority of a European country. The contract is worth several million dollars.

OpTier's flagship product, CoreFirst, enables enterprises to quickly install new business processes and boost the volume of activity, improve service of applications, shorten response times, and immediately fix faults caused by the overloading of computer systems without the need to replace current systems.

OpTier's solution will enable the European tax authority to monitor all activities made by taxpayers on its website, thereby improving the quality of service and user experience in terms of response time and the correction of problems.

OpTier EVP marketing and business development Motti Tal said, "The system we developed has been a great success in these times, even more than in the past, mainly because of its ability to reduce operating costs while improving service."

Last week, OpTier named a 2009 Hot Company by Network Products Guide at the Technosium Executive Alliance (TEA) Forum in San Francisco.

OpTier's investors include Carmel Ventures, Gemini Israel Funds, Lightspeed Ventures, Pitango Venture Capital, Plenus Venture Lending Fund, Index Ventures, Morgan Stanley (NYSE: MS), and Cisco Systems Inc. (Nasdaq: CSCO).

Published by Globes [online], Israel business news - www.globes-online.com - on April 19, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

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