News

Paragon signs distribution deal with CubeIQ

April 6, 2005

HOLLY SPRINGS, N.C. - Paragon Application Systems, an ATM and EFT configuration, simulation and testing software provider, signed a comprehensive reseller agreement with Athens, Greece-based CubeIQ, a business-to-business IT solutions provider for the banking and electronic-transaction processing markets in Greece, Cyprus and Eastern Europe.

According to a news release, CubeIQ will provide distribution and technical support services for Paragon Application System products in Greece and neighboring countries including Cyprus, Albania, FYROM, Bulgaria, Romania and Serbia.

"Banks are looking for solutions that will allow them to make timely changes to their ATM and EFT systems to respond to market needs and to comply with EMV specifications," said Dimitris Garbis, CubeIQ's director of business development.

"The Paragon tools allow users to easily create and test changes to their ATMs and provide comprehensive EMV support."

Financial institutions also are looking for end-to-end testing solutions to reduce the risk and expense associated with making changes to their systems.

"CubeIQ has built a strong reputation with their industry-specific solutions and technical expertise," said Steven Lund, director of business development for Paragon Application Systems.