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Kony Becomes the Mobile Platform of Choice for One of the World’s Top Ten Banks

Kony Solutions, Inc., the leading mobile and multi-channel application platform provider, today announced that Banco Itau Unibanco will standardize on the KonyOne Platform to build, deploy and manage its mobile banking applications. Banco Itau Unibanco is Latin America’s largest bank and one of the world’s 10 largest financial conglomerates, with more than $540 billion in assets and approximately 40 million customers.

Banco Itau Unibanco plans to build a new generation of Retail Banking apps on the KonyOne Platform and will port its existing mobile apps to Kony’s platform to simplify management. Starting in 2013, the bank also plans to deploy cross-bank mobile apps for Investment Banking, Private Equity, Asset Management and Insurance. The bank also will build numerous mobile apps for its employees, to help streamline its operations and support its aggressive plans for international expansion.

“We chose to standardize on Kony after a highly detailed and extensive global evaluation process including SAP, IBM, Antenna and OpenText including side-by-side tests of different vendor offerings,” said Marcelo Fabeni, Chief Mobile Officer, for Banco Itau Unibanco. “Only Kony could offer us a single, scalable platform to support all our mobile apps, on any channel, in all the countries where we operate. By working with Kony, we can also get to market faster with new services because we don’t have to spend a lot of time and money writing code or managing back end integration--with Kony’s platform, we can focus on banking.”

“Having a strong understanding of the mobile market in Latin America and winning with Banco Itau Unibanco further proves that Kony has the right suite of products for the Latin America market, both consumer and enterprise,” said Carlos Falconi, Kony’s Vice President, Latin America. “With apps built on the KonyOne platform, Banco Itau Unibanco can engage with their customers and employees on any mobile channel, on any mobile device, without limitations.”

About Kony Solutions

Kony is the industry’s leading mobile and multichannel application platform provider. Kony develops a suite of customizable pre-built apps, the KonyOne™ Platform and a comprehensive mobile application management solution, which give companies the confidence and control to quickly build apps once and deploy everywhere -- across all mobile devices and operating systems. Kony’s customers include more than 70 Fortune 500 companies, the largest global bank, and global brands such as Capital One, Hyatt, Huntington National Bank, Konica Minolta, Schweppes, Toyota, Tyco, and Carl Zeiss.

In 2012 Kony was named a “Visionary” in the Gartner Magic Quadrant for Mobile Application Development Platforms (MADP) report. For more information, please visit www.kony.com or connect with Kony on Twitter, Facebook and LinkedIn.

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Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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