Please describe the scope of their involvement in detail.
They started with us on the first stage a year ago in January 2015. The first two months was planning and filling out documentation on our side. We tried to describe our business and problems for Fidenz. We traveled to Sri Lanka in early April 2015 and went through our plans with them. They started working full time on the project on May 1, 2015. Fidenz created a portal on our website so our clients can log on to use different services – mostly searching personal information on Norwegian people and businesses. Our company is not like yellow pages. Our directory has more information. A user can log on and search an individual's birthdate, whether they have a car or house, and what kind of house or car they are. The information available is based on the type of subscription the customer has. We did some testing, and it went into production in October.
We went back to Sri Lanka in November to try to plan two new projects. The first provides daily updates on the server. Fidenz is developing a system to synchronize data. This way, our local servers in Oslo will only update changes, rather than run through all our data. This project should be available soon.
The second upcoming project allows a customer to subscribe to a set of data and filter across different verticals. For example, if a user wants to find out how many women live in a particular geographical area in Norway between the ages of 42 and 50, who also own a car, and has a certain education level – they can find this person. It's a quite advanced system. We provide the data and it web-accessible.
How did you come to work with Fidenz?
An opportunity came to use companies in Sri Lanka through the Norwegian government's foreign aid agency. We signed up for a program in 2014. We met Fidenz in Colombo in December 2014 and have been working with them until today [March 2016].
Norway gives away a lot of money to developing countries. They have a program called the Business Matchmaking Program that matches small companies in developing countries with similar types of companies in Norway. They sign up companies on both sides and try to find matches. The government pays 80 percent of our costs in the project in the first year. We were in Sri Lanka for nine days and we presented our case to nine companies. Each company came up with a proposal of how they would solve our problem. We assessed these different companies, and Fidenz was the best. They were the smallest company, so it was surprising to the other companies. We wanted to work with someone who had more personal connections and was trustworthy.
Could you provide a sense of the size of this initiative in financial terms?
The project cost was $5,000 a month. The cost accounts for two employees from Fidenz working full time with us.
What is the status of this engagement?
It is an ongoing relationship.