Sinosoft Technology Signs Partnership Pact With NorthgateArinso

22nd Jun 2010 07:39

LONDON (Dow Jones)--Sinosoft Technology PLC (SFT.LN), the China-based developer and provider of software and IT solutions to Chinese regional and national government agencies and exporting enterprises, Tuesday announces the signing of a master strategic partnership agreement with NorthgateArinso U.K. Limited, a global human resources software and services provider. MAIN FACTS: -The agreement will involve Sinosoft collaborating with NorthgateArinsoand Green Oak Solutions Ltd., a partner of NorthgateArinso, to develop carbon management and monitoring products that will be marketed to government and private customers in China. -NorthgateArinso's proprietary software tool, PROIV, will provide a base to build, refine and develop customer service applications. -Sinosoft will install hardware and provide the development work to maximize the potential of the PROIV software and Green Oak's Carboncheck software to produce a complete carbon management solution. -In addition, Sinosoft will work with certification companies to verify the data produced from our carbon management solution and thereby potentially enable customers to trade their carbon credits on global exchanges. -Following this partnership agreement, Sinosoft is expected to start bidding for projects at the municipal government level. -The collaboration with NorthgateArinsoand Green Oak places the Company in a stronger position to bring in expertise and win contracts. -Shares closed Monday at 7.13 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires June 22, 2010 02:39 ET (06:39 GMT)