Powerlan has signed contracts to provide its business software solutions with Hong Kong-based China Insurance Group Assets Management and Allen Perkins Brokers.
Both deals are worth in the vicinity of AU$1 million.
The companies have purchased software licences for Powerlan's Portfolio Management software product, which according to Powerlan's managing director Theo Baker, -eliminates the labour-intensive aspects of management and provides the tools for fulfilling mandatory compliance," including the Mandatory Provident Fund (MPF) in Hong Kong.
Powerlan recently acquired Melbourne-based financial services software company IMX Software Group.
