Ascent Logic & SONDA Bancos, S.A. Form Strategic Business Alliance to Address the Y2K Issue Within Latin America.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Sept. 15, 1998-- Leading Latin American Information Systems Company to Exclusively Use Ascent Logic technology to Assist Major Corporations Manage their Risk Associated with Year 2000 Ascent Logic Corporation (ALC (Assembly Language Coding) A generic term for IBM mainframe assembly languages. 1. ALC - Assembly Language Compiler. 2. ALC - Airline Line Control. ) developer of proprietary year 2000 risk management and systems engineering software, and SONDA, a major Latin American Information Technology Corporation, today announced the formation of a strategic alliance to address the Year 2000 issue within the Latin American banking and business community. As part of the alliance, SONDA will exclusively use Ascent Logic's proprietary risk management technology. "This alliance is designed to assist Latin American banks and businesses in assessing risk, determining priorities, and ensure the survivability sur·viv·a·ble adj. 1. Capable of surviving: survivable organisms in a hostile environment. 2. That can be survived: a survivable, but very serious, illness. of the most critical aspects of their businesses," said Larry McArthur, Chief Executive Officer of Ascent Logic. "In particular, the unique Ascent Logic risk assessment methodology will help the Latin American banking industry align their Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 efforts with the international banking community." Under the agreement, Ascent Logic's Year 2000Plus(TM) risk assessment and audit software solution, will become SONDA's exclusive offering for Year 2000 applications throughout Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . The two companies also have complementary products and services that will be used to assist banks and their loan portfolio customers manage the risk associated with the Year 2000 crisis. "The traditional trade relationships between and within countries is changing. This alliance with Ascent Logic will utilize our vast technical experience in the Latin American banking industry and Ascent Logic's proven leadership in the development of year 2000 risk management and systems engineering software," said Andres Navarro, President of SONDA. ABOUT ASCENT LOGIC CORPORATION Ascent Logic Corporation founded in 1987, is the premier supplier of systems engineering software and services which offers an automated approach to complexity risk management and related consulting and training services. ALC develops, markets and supports the RDD-100(R) product family for requirement's analysis, and tool-suites to address the special problems associated with large legacy systems and the Year 2000 computer problem. Headquartered in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , Ascent Logic Corporation is a privately held, venture-capital funded company with sales, support offices and affiliates in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe, South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and Asia. More information about ALC can be obtained on the Internet by accessing: http://www.alc.com. ABOUT SONDA SONDA, headquartered in Santiago Chile, provides services and projects for the transfer of technologies in the areas of computers, information systems and communications. SONDA is active in a large number of industries including banking and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , government, utilities and transportation. SONDAS BANCOS has been dedicated to developing integrated systems for the banking and financial industries since 1981. SONDA was founded in 1973 and has provided information technology solutions throughout the Americas, Asia, and Europe. SONDA also has offices located in Argentina, Peru, Ecuador, Mexico, and Guatemala. More information about SONDA can be obtained on the Internet by accessing: http://www.sonda.com CONTACT: Media Contact Ascent Logic Corporation Bruce Avery, 408/325-8139 bavery@alc.com or Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Contact Coltrin & Associates Joelle A. Kenealey, 650/373-2005 Joelle_Kenealey@Coltrin.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion