Irish Spin-Off Comes Home

A 4-year-old Irish spin-off of Sterling Software is moving back to the U.S. with a set of services and e-commerce software products targeted at financial institutions and telecommunications carriers.

Orygen has begun the U.S. marketing of component-based software that it developed for major Irish banks and telecommunications companies. It has opened a 90-person office in Parsippany, N.J., to support customers.

Orygens Exchange was developed for the Bank of Ireland, which uses it to provide 12,000 businesses with views into their accounts and transactions, says John Colgan, group executive of the Dublin company. The Bank of Ireland is adding 350 new customers per month to the service, which allows the customer to set parameters for who can have access, he says.

Allied Irish Banks, another major financial institution in that country, is about half-way through implementation of Orygens software. Other customers include Irish telecommunications carrier Eircom, which uses the software for order processing; Merrill Lynch & Co. in the U.K.; and Pershing, a securities firm.

“Companies can look at balances and transactions in real-time,” Colgan says. “Bank of Ireland will help their customers set that up themselves and look after it themselves. It is a big cost savings for the bank.”