London, United Kingdom, December 06, 2017 --(PR.com
)-- Storm Software PLC announces the sale of the marketing rights to their App “Playback,” for Mainland China and Hong Kong.
Storm Software Plc, an IT corporation with divisional FinTech services ranging from Employment to Financial Trading to Software Development, announces the sale, through a licensing agreement, of its catch all mobile telephone recording software – Playback Technology Limited – to MT Invest Tech China.
MT Invest Tech China will market the catch all mobile telephone recording software to mainland Chinese banks and financial traders, the Licensing Agreement also allows MT Invest Tech China to market to Hong Kong, however, at present a distribution partner has not been nominated.
The right to market the Software in Africa, Australasia, Asia, Europe, India, the Middle East, Russia and North and South America remains the sole right of Storm.
Under the terms of the licensing agreement with MT Invest Tech China, Storm will provide support services through a representative office in China, staffed by Storm employees.
“This catch all software has exceptional possibilities and we see multiple opportunities for banking compliance, client billing, call monitoring, training and even personal security,” said Anja Suen, Head of Development (China) of Storm. In response Michael Tan said, “We are pleased to be working with Storm and look forward to the partnership progressing further.”
This is a key financial move for Storm, who will benefit from a significant income stream from the software licensing, whilst having the opportunity to continue research and development on related technologies.
Storm’s software development division provides specialist FinTech App development and design for a number of high profile companies with compliance and FinTech security needs. Storm prides itself on high level innovation, looking to create user friendly security technologies with high functionality.