Press Release

December 12, 2022

The Xilligence Partnership with EFCOM opens up new opportunities for Asia, the Middle East and North Africa.

Neu-Isenburg, December 2022– efcom gmbh has entered into a new partnership with Xilligence Ltd. (Xilligence.com). The aim is to provide each other with better access to their respective markets. In detail, it is about acting as a recommendation partner for each other's products and/or services. "We see this as another important step towards expanding our partner network around the world," affirms Federico Avellán Borgmeyer, Chief Partner Officer at efcom. "The expert support of our local partner will enable efcom to offer our best-in-class factoring solutions and local services to prospective clients, i.e., with a direct presence not only from Germany or Spain but also through Xilligence"s regional offices in Dubai, Singapore and Trivandrum/India in addition to its headquarters in Toronto/Canada."

The strategic plan is to help launch each other's products and service support as part of the mutual partnership. This involves managing contacts, providing information and documentation, assisting in implementing and supporting the after-sales support function. "For us, it's about increasing the awareness of efcom in the markets mentioned, expanding the offering to other markets and supporting financial institutions locally to build a factoring business with factoring as a service. We believe we have in Xilligence a first-class partner on board who will stand by us." agree Arnulf Roman (CEO efcom) and Federico Avellán Borgmeyer (CPO efcom) when signing the partnership agreement.

ABOUT XILLIGENCE

Xilligence is a product engineering company with a head office in Toronto, Canada, and offices in India, Singapore, and UAE. Operating in North America, Southeast Asia, the Middle East, and Australia, Xilligence focuses on providing world-class technology services and solutions for our clients and partners. We work hard to ensure that our values of integrity, respect for others, accountability, and good citizenship are reflected in how we operate as a company. Xilligence partners with progressive organizations worldwide to address their technology needs. From smartphones to the web, from desktops to the cloud, from Al to Big Data, Xilligence helps start-ups as well as large global enterprises navigate today's advanced technology landscape to stay competitive.www.xilligence.com

About еfcom

"efcom is the clear leader in factoring software products," said Vikram Nair, CEO of Xilligence. Xilligence is very pleased in being able to offer our clients and partners these market-leading factoring solutions & services. We are looking forward to a long and productive partnership with efcom."

Learn more at:www.efcom.de/en

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