Allianz of America Moves Mortgage Loan Portfolio Onto SS&C's LMS 2000 in 30 Days.Business/Technology Editors WINDSOR, Conn.--(BUSINESS WIRE)--Dec. 27, 1999 SS&C Technologies, Inc. (Nasdaq:SSNC SSNC Swedish Society for Nature Conservation (Stockholm, Sweden) SSNC Signaling System Network Control SSNC Status, Entity Data Not Consistent (Alcatel) ) announced today that Allianz of America, Inc. chose LMS (Learning Management System) An information system that administers instructor-led and e-learning courses and keeps track of student progress. Used internally by large enterprises for their employees, an LMS can be used to monitor the effectiveness of the 2000(TM), the industry-leading loan management system, to manage its national mortgage loan portfolio. Operating on Microsoft's Windows NT (Windows New Technology) A 32-bit operating system from Microsoft for Intel x86 CPUs. NT is the core technology in Windows 2000 and Windows XP (see Windows). Available in separate client and server versions, it includes built-in networking and preemptive multitasking. and SQL Server An earlier relational DBMS from Sybase and from Microsoft. Sybase introduced SQL Server in 1988 for various Unix versions. In that same year, with help from IBM, Sybase created an OS/2 version that Microsoft licensed and branded as Microsoft SQL Server. 7.0, Allianz will deploy LMS 2000 on an enterprise-wide basis within 30 days of licensing the software. LMS 2000 will run parallel to FILMS(TM), Allianz's current system, until March 1, 2000, when the firm will wholly migrate its loan processing operation onto LMS 2000. Allianz of America cited LMS 2000's scalability and reliability as influencing factors in its purchasing decision. Also, as a member of SS&C's Loan Management Advisory Council, Allianz had a participatory role in the development of LMS 2000. "I was able to review certain business specifications and had the rare opportunity to closely observe the development of LMS 2000," said Jennifer Triano, Senior Commercial Properties Administrator at Allianz. "This, along with the positive relationship Allianz has had with SS&C, gave us the confidence to migrate to the new system." "Allianz is stepping up to LMS 2000 from FILMS, SS&C's former loan management product, on an aggressive schedule," said John Stone, Vice President of SS&C's Commercial Real Estate Business Unit. "We are extremely pleased that Allianz has chosen LMS, and that the implementation is proceeding as successfully as it is." About LMS 2000 Part of SS&C's commitment to provide asset managers in all industries with knowledge-based software in a 'Straight-Thru Processing' environment, LMS 2000 provides all types of lending institutions Noun 1. lending institution - a financial institution that makes loans financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in with comprehensive tools for commitment and pipeline tracking, internal and external investor servicing and accounting, and CMSA-based investor reporting. Additional features include portfolio analytics, imaging and geographic mapping, graphical presentation, pool modeling and asset disposition. LMS 2000's Windows 32-bit client/server architecture An environment in which the application processing is divided between client workstations and servers. It implies the use of desktop computers interacting with servers in a network in contrast to processing everything in a large centralized mainframe. See client/server. leverages the reporting power of Microsoft SQL Server A relational DBMS from Microsoft that is a major component of the Windows Server System. It is Microsoft's high-end client/server database and is closely integrated with Microsoft Visual Studio and the Microsoft Office System. 7.0 for top performance, reliability and scalability. About Allianz of America, Inc. Allianz of America is a registered investment management company that manages $20 billion in fixed income, equity, commercial mortgage and real estate assets for the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. insurance subsidiaries of Allianz Group, and dollar-denominated assets of Allianz affiliates around the world. Allianz of America, Inc. is a subsidiary of Munich-based Allianz AG, the second largest insurance company in the world, and among the largest of publicly held companies in all industries. For more information, visit Allianz of America's website at www.azoa.com. About SS&C Technologies With offices in the U.S., Canada, Europe and Asia, SS&C is a leading provider of financial software solutions, services, and expertise to asset managers worldwide. SS&C primarily targets its products and services to large-scale, sophisticated investment enterprises that use the trading, accounting, reporting, and analysis solutions to manage, in aggregate, more than $2 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. in assets. Additional Company information is located at www.ssctech.com. |
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