(27 Feb) – Corvallis, now one of the leading IT companies in Padua, €61 million in sales and a strong specialization in the banking industry, has entered into a commercial partnership with the U.S. multinational Golden Source, provider of enterprises data management solutions for banks and brokerage firms. This strategic partnership allows to correlate the highest technological standards and global best practices with the Italian market, of which Corvallis has specialist knowledge, thanks to its 600 employees and consultants and 10 offices around the country. Corvallis and Golden Source are already at work on a series of initiatives, including the implementation of the GoldenSource Securities & Products module and the Corporate Actions solution for a major Italian banking group. The two companies are also considering a number of potential opportunities in the Italian market. “The first integration experiments of the Golden Source model in some Italian banks confirmed the multiple functions of this tool and the considerable flexibility in varying complex and evolving contexts,” said Giusy Mainardi, sales director of and partner of Corvallis. “We believe that this partnership will prove to be a strategic asset that will improve efficiency, will give a competitive edge to a variety of banks, differing in size and business.”