6/17/2003 - SunGard Investment Management Systems, an operating group of SunGard (NYSE:SDS), announced that it has selected Sun Microsystems, Inc. (Nasdaq: SUNW) as the implementation platform for IMpower, SunGard's new global, real-time, browser-based portfolio management solution.
IMpower builds on SunGard's proven investment management systems, Decalog, for pre- and post-trade compliance; INVEST ONE, for investment accounting; and XAMIN, for performance measurement and attribution. Migrating elements of these fully integrated components to the Java(TM) 2 Platform, Enterprise Edition (J2EE(TM)) compliant Sun platform, allows SunGard Investment Management Systems to deploy a comprehensive end-to-end solution on a single, cost-effective platform. The agreement includes use of Sun(TM) Mainframe Transaction Processing software to migrate selected business critical applications to the Sun Solaris Operating System (OS).
“Sun and SunGard continue to strengthen our alliance for our mutual customers' benefit. The industry is looking for a cost-effective straight-through processing solution, and IMpower is it,” said Stuart Wells, senior vice president, Sun Microsystems Market Development Organization. “We see the functionally rich IMpower platform processing with the reliability, scalability and security of the Solaris OS as a powerful integrated solution for asset managers.”
“We are very pleased with the success of our new IMpower integrated solution. Clients and prospects can rest assured that they are choosing a tightly coupled infrastructure from industry leaders like Sun and SunGard focused on achieving straight-through processing”, said Jack McArdle, group chief executive officer of SunGard Investment Management Systems. “Our priority is to provide clients with unmatched levels of service, reliability, scalability and performance across the board. The Sun configured platform has proven that it is ideally suited for our UNIX(R) system-based business-critical applications.”
As a strategic global iForce partner, Sun provides the infrastructure for many key SunGard applications and services, including trading systems and availability services.
About SunGard Investment Management Systems
SunGard Investment Management Systems provides in-house and ASP solutions to the buy-side investment management market for trading, portfolio management, compliance, investment accounting and partnership accounting, private banking, performance measurement and attribution. These products provide comprehensive straight-through processing from trade initiation, to execution using client-selected brokers, through accounting and client reporting. SunGard solutions support the complex needs of many of the largest financial service firms in the world representing in aggregate over $8 trillion in assets processed daily by these solutions.
SunGard is a global leader in integrated IT solutions for financial services. SunGard is also the pioneer and leading provider of information availability services. SunGard serves more than 20,000 clients in over 50 countries, including 47 of the world's 50 largest financial services companies. SunGard (NYSE:SDS) is a member of the S&P 500 and has annual revenues of more than $2 billion. Visit SunGard at www.sungard.com.
About Sun Microsystems, Inc.
Since its inception in 1982, a singular vision -- "The Network Is The Computer" -- has propelled Sun Microsystems, Inc. (Nasdaq: SUNW) to its position as a leading provider of industrial-strength hardware, software and services that make the Net work. Sun can be found in more than 100 countries and on the World Wide Web at http://sun.com.
Sun, Sun Microsystems, Solaris, Java, J2EE, iForce, and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and in other countries. UNIX is a registered trademark in the United States and other countries, exclusively licensed through X/Open Company, Ltd. SunGard, the SunGard logo, INVEST ONE, XAMIN, Decalog and IMpower are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries.
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