Breaking News

The Nigerian software lion has roared(2)

By Chris Uwaje

ENGR. Simeon Agu was a 1970 Electrical Engineering graduate with Postgraduate Diploma in Accounting and Finance. He started his computing career with Shell Petroleum Development Company in 1971.

Later he moved to the National Electric Power Authority in 1977 as Manager Systems Development and eventually rose to become the Director of Computer Services. Simeon Agu metamorphosed the aforementioned Computer Systems Associates (CSA) to Neptune Software, putting Neptune on the platform to thrive globally.

He was a member of the Computer Professionals Registration Council of Nigeria, and for several years served on the National Advisory Committee on Statistics among other national and international organisations on information technology.

Neptune Software Plc : Neptune has earned a strong reputation and built a rich history in delivering mission-critical core systems to the banking and financial services sector, end-to-end solutions to over 80 financial services institutions globally.

Neptune has the proven experience needed to meet the requirements of internationally recognised banking practice. Rubikon is a next-generation banking solution which delivers an industry specific, business-oriented collaborative framework for financial services.

With its unique Financial Services Oriented Architecture (FSOA) which facilitates rapid incremental deployment. Rubikon provides a universal core banking solution on a special purpose application utilizing one or more of the product’s modules to deliver new products or services to market or streamlining currently inefficient or high-risk processes.

The solution is ideal for ILFCO’s planned expansion going forward. Rubikon ships with an enterprise service bus and orchestration layer providing a superb platform for a growing bank. Neptune congratulates ILFCO on the splendid team effort that contributed to the success of this project.

Rubikon: Rubikon is a product of the new age in software. It is written in JAVA J2EE and incorporates an enterprise service bus and orchestration layer as standard. It is an SOA solution providing real time online capability and has complete availability 24×7. Rubikon has no batch processing and its end of day accruals can be triggered automatically, requiring minimal technical involvement.

Due to its web based architecture it is extremely stable and scaleable. Recently, Rubikon’s Treasury module has been recognised separately for exactly these qualities. With a robust and capable architecture Rubikon is rapidly demostrating product leadership characteristics and provides an outstanding ROI for any banking institution in an increasingly harsh and competitive environment.

Lack of incentive and policy support for the software industry has driven patriotic Agu to establish this Neptune outside Nigeria. Unknown to many, Agu established Neptune Financial Software Pvt. Ltd. in Chennai, India – the first Nigerian company to do so.

The new wholly owned subsidiary is the focal point of Neptune’s strategy to expand its own Rubikon development capacity, provide an international support centre, as well as sales and pre-sales capacity for the Asia region. The new operation will include a strong team of 60 developers, many of whom were transferred over to Neptune from Cordiant Technologies as part of the conclusion of the BOT (build, operate, transfer) agreement that had previously been in place.

Neptune’s global expansion is successfully reaching out into Asia, with a number of wins in the region in 2009. It is therefore appropriate timing to launch Neptune Financial Software Pvt. Ltd. in Chennai, India, where additional resources for development, implementation and sales will be recruited.

According to Simeon Agu,  ‘Asia is proving to provide fertile ground for Rubikon growth, with a number of wins in the region and a healthy pipeline, therefore reinforcing operations to cover the territory is a natural step for us to take. We have big plans for Rubikon. Chennai’s location makes it a perfect strategic hub for development, support and sales.’

Software Nigeria has proven that the survival strategy for the future of Nigeria resides in software innovation, creativity, incubation, development and patronage by government, private sector business and our people.

Local Content Act may not fulfill its objectives if Nigeria cannot deliver all her software solutions in the oil, gas and banking industries and export to the International market. Engr. Chijioke Simeon Agu has demonstrated without any fear of contradiction that it is possible



Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.