Cashklick Selects Symbio as Software Product Development Partner for Digital Coupon Solution

BEIJING, SAN JOSE, Calif., and TAMPERE, Finland, Nov. 3, 2010 /PRNewswire-Asia/ -- Symbio, a leading software product foundry and provider of outsourced product development solutions worldwide, today announced it has been selected by Cashklick, a coupon redemption technologies corporation, as the company's software product development partner.  Since May 2010, Symbio has been developing Cashklick's coupon redemption system, enabling consumers to save digital coupons to their debit or credit cards, providing a seamless check-out solution and driving more traffic into stores.

According to Cashklick's partner Inmar, the US-based leading promotion transaction settlement provider, brands issued 367 billion coupons in 2009, but only 3.3 billion coupons were redeemed.  As consumers adopt a more conscious approach to spending, and distribution channels expand to include both offline and online, there is a crying need for a powerful and ubiquitous coupon redemption system.

"Symbio was chosen as our software development partner because of the company's focus on digital convergence and deep expertise in payment and Web-technologies," said Christian Duroux, CEO of Cashklick, Inc.  "With the flexibility of Symbio's global service delivery network in North America, Europe and Asia, coupled with its record in providing R&D services, it is the perfect co-creation partner to scale with and decrease our product's time-to-market."

"Symbio is excited to partner with Cashklick and revolutionize the payment process for both consumers and merchants," said Jacob Hsu, CEO of Symbio.  "Cashklick's vision in accelerating the growth of digital coupons is a perfect example of how technology challenges the status quo, revolutionizing payments and the coupon industry.  We are delighted to play a strategic co-creative role and help to actualize Cashklick's innovation."

About Symbio

Symbio provides advanced software product development and engineering outsourcing services to the world's technology leaders. Symbio specializes in feature-rich software products for companies embracing the digital convergence transformation in communications and technology. By leveraging its deep expertise in mobile, embedded, Web-based, enterprise and user experience driven technologies, Symbio enables its clients to focus on their core competencies and scale up their product delivery pipelines. World-leading companies like China Mobile, IBM, Nokia and PayPal already rely on Symbio to bring new products to market with the highest quality, speed, cost-efficiency, and innovation. With global headquarters in Beijing, China, San Jose, USA, Stockholm, Sweden and Tampere, Finland, Symbio is the outsourced product development partner companies trust to deliver truly integrated global software development with local touchpoints in the client's home market. For more information about Symbio, visit www.symbio.com.

About Cashklick

In an era of convergence of services at checkout, Cashklick's mission is to empower consumers to turn coupons into cash™ on their debit or credit cards. Cashklick introduces the "save coupons to payment cards" at publishers and provides retailers with an innovative technology for rapid, automated and secure coupon redemption at checkout. Cashklick is an easy to implement solution for driving more customers into stores. Contact info at www.cashklick.com

SOURCE Symbio

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