Cognotec Sets Up Singapore Office

PEOPLE NEWS

SINGAPORE--Cognotec has opened a new office in Singapore, following the recent injection of $20 million from Japanese internet company Softbank.

The new office will focus on local sales and implementations of AutoDeal Lite.

They will also liaise between Cognotec and Forexbank--a joint venture which distributes Cognotec's internet trading service to Japanese and Korean banks.

Timothy Neo heads the new Singapore office as managing director, Asia sub-region. Neo joins Cognotec from Reuters where