SILICON VALLEY, California, April 15, 2008 - Latilla LLC and Calavista today announced a strategic alliance directed at further developing and enhancing Latilla's C4i™ Ops Risk Manager, and C4i™ Operations Performance Manager. Based in Austin, Texas, Calavista will be providing on-shore and off-shore development services to Latilla.
According to Loretta Wickenden, CEO of Latilla, "We are extremely pleased that Calavista, a well established development company with a proven history of high quality results will assist us in developing our operational risk management products and act as our virtual development organization. Our relationship with Calavista will ensure that our products are engineered and tested to the highest of standards and we look forward to a partnership that allows us to combine the depth of Latilla’s business knowledge with the strength of Calavista’s engineering expertise to provide Latilla’s operational risk management solutions to the financial industry."
Lawrence Waugh, COO of Calavista said, "We look forward to a long term partnership with Latilla and will help them build a world class suite of operational risk management products. Our background in managing and controlling the risk of working with off-shore development teams will allow us to develop the C4i™ products based on Latilla’s needs and specifications.
We will work together to leverage the skill sets of both companies and are excited about the opportunity to help them build high quality products".
C4i Ops Risk Manager is a web-enabled solution which helps the organization to identify, analyze, assess, monitor, and control operational risk. C4i Operations Performance Manager is a web-enabled solution which uses a set of risk scenario business rules to detect and alert the institution to mission-critical events, and provides real-time analysis and reporting.
Calavista is focused on helping companies improve the quality, timeliness, and predictability of their software throughout the entire development cycle. They offer software and services to facilitate development work at all stages of the process. Though their software and services stand on their own, they are complimentary, working together to help improve companies overall processes, ultimately reducing their dependency on expensive, manual testing.
Latilla specializes in providing operational risk management software and consulting solutions for the financial services industry. The company has offices in Silicon Valley, Camarillo, Toronto, and Austin, Texas.