PRZOOM - /newswire/ -
Johannesburg, South Africa, 2011/11/11 - SoftCo, announces that Public Investment Corporation (PIC) has expanded its use of SoftCo’s solutions with the deployment of SoftCo R8 throughout the organisation.
SoftCo, global supplier of document-management and Cloud solutions, headquartered in Ireland, are delighted to announce that Public Investment Corporation (PIC) has expanded its use of SoftCo’s solutions with the deployment of SoftCo R8 throughout the organisation.
PIC manages assets valued at R1.032 trillion, making it one of the largest investment managers on the African continent. PIC is wholly owned by the South African government and was established in 1911. R8 is implemented throughout PIC delivering world class document management and fast WORM (write once read many) magnetic storage ensuring PIC meet strict compliance obligations. The system manages the key investment documentation, is also deployed in a number of other business functions including Human Resources and incorporates a full Disaster Recovery infrastructure.
The news was announced by Jan O’Sullivan, TD, Irish Minister of State, Department of Foreign Affairs & Trade at a reception held on 8 November in Johannesburg. The event was hosted by Enterprise Ireland, the Irish Government Agency responsible for driving leadership and growth for innovative Irish companies in international markets.
“South Africa is a growth market for our products,” said Susan Spence, co-founder of SoftCo who attended the event. “We recently established an office in Johannesburg to build on a number of customer successes. PIC is an important part of that growth and we are delighted to be associated with such a successful organisation which celebrates its centenary this year.”
About Public Investment Corporation
Public Investment Corporation Limited (PIC) manages assets valued at R1.032 trillion as at 31 March 2011, making it one of the largest investment managers on the African continent. Their clients are public sector entities, most of which are pension, provident, social security, development and guardian funds. PIC’s role is to invest funds on behalf of these clients, based on investment mandates set by each client and approved by the Financial Services Board (FSB), with which they are registered as a financial services provider.
SoftCo (softco.com) develop capture, storage and workflow software that reduce costs, streamline business processes and enable organisations to meet compliance obligations. SoftCo is a global organisation with offices in Dublin, New York, London and Johannesburg. SoftCo's technology helps companies remove inefficiencies in the way they capture, store, retrieve and share documents and deliver full protection of information over its entire lifecycle.