BancWare's Convergence Selected by Greater Bay Bancorp.BOSTON--(BUSINESS WIRE)--September 27, 1999-- BancWare's Convergence(TM) has been selected by Greater Bay Bancorp for budgeting and planning. They are based in Palo Alto, California, and have pro forma assets of $2.5 billion. Greater Bay Bancorp's mission is to be known by their competitors, clients, prospective clients, shareholders and the public as the preeminent independent bank holding company in Northern California. "The tight integration of spreadsheet and rigorous balance sheet and net interest income simulation in Convergence facilitate business manager involvement and accuracy in their financial planning activities. Greater Bay Bancorp has aggressive growth plans and they appreciate that BancWare products are scalable and will grow with them," said Steve Eastburn, product manager for BancWare. "BancWare's Convergence allows us to model the future balance sheet with accuracy and rigor. This in turn leads to the understanding and accountability of annual budgeting," commented Mark Eschen, vice president and assistant controller for Greater Bay Bancorp. Other reasons Greater Bay Bancorp selected BancWare include: - Capability to easily customize reports to current processes and management requirements - Overall scalability, flexibility, and ease of use - Integrated Microsoft Excel(TM) spreadsheet interface and Microsoft Solutions Partner status - Commitment to serving clients needs Headquartered in Boston, BancWare serves more than 200 clients in over 14 countries worldwide. BancWare's fully integrated and scalable solutions support data collection, transformation, and management; asset/liability management; comprehensive budgeting and planning; and advanced financial analysis, including term structure modeling and option adjusted value at risk. Founded in 1981, BancWare is an operating unit of SunGard Data Systems Inc (NYSE: SDS). SunGard's business is computer service and application software. The Company is the only large specialized provider of proprietary investment support systems and is the pioneer and a leading provider of comprehensive computer disaster recovery services. Its common stock is listed on the New York Stock Exchange under the symbol SDS. Trademark Info: SunGard, BancWare, the BancWare logo, Convergence, Viewpoint and Insight are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders. |
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