Caixagest, Fund Management Division of Portugal's Largest Financial Group, Chooses SS&C Technologies' CAMRA 2000 `S'.WINDSOR, Conn.--(BUSINESS WIRE)--July 26, 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 Lisbon, Portugal-based Caixagest Tecnicas de Gestao de Fundos, the fund management division of Caixa Geral de Depositos (CGD CGD Chronic granulomatous disease, see there ), Portugal's largest financial group, has agreed to purchase CAMRA 2000 `S'(tm) for Microsoft(R) 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. (tm), SS&C's flagship asset management solution. CAMRA 2000 `S' will be initially implemented in Caixagest's fund management division, with increased deployment of the software planned for other divisions in the future. Caixagest selected CAMRA 2000 "S' to replace its existing SGC SGC Server Gated Cryptography SGC StarGate Command SGC South Georgia College (Douglas, GA, USA) sGC Soluble Guanylate Cyclase SGC Superannuation Guarantee Charge (Australian finance) system after a thorough functional and technical evaluation The study and investigations by a developing agency to determine the technical suitability of material, equipment, or a system for use in the Military Services. See also operational evaluation. of the SS&C system and those of other major asset management system providers. Caixagest executives said that with SS&C already in the Portuguese market, CAMRA 2000 most closely meets the fund manager's requirements while also providing a tightly-knit modularity. "SS&C has benefited greatly from its experience in implementing the same solution at another major Portuguese fund manager," said Fernando Maximiano, Managing Director at Caixagest. "Caixagest was impressed by the SS&C development of Portuguese pricing, tax, and NAV See navigation system and navigation bar. accounting functionality, and the professional competence of the consulting staff con·sult·ing staff n. The body of specialists affiliated with a hospital who serve in an advisory capacity to the attending staff. ." Real-Time Benefits Caixagest will use CAMRA 2000 `S' to introduce real-time `Straight-Thru Processing' to its fund management operation. The fund manager also established how CAMRA 2000 `S' will provide control and support across Caixagest's business value chain, enable error reduction, and lighten light·en 1 v. light·ened, light·en·ing, light·ens v.tr. 1. a. To make light or lighter; illuminate or brighten. b. To make (a color) lighter. 2. end-of-day administrative burdens. The open architecture of CAMRA 2000 `S' facilitates connectivity to other systems at Caixagest, and its robust performance is achieved through a distributed server architecture. CAMRA 2000's capability to run on a SQL Server database was also an important consideration, Caxiagest executives said. High-quality reporting in Portuguese, intuitive report management with graphic capabilities, and advances in new media, such as the Internet, were also deciding factors. "Caixagest is looking to increase its international business, and CAMRA 2000 `S' has the inherent multi-currency and multi-accounting functionality to facilitate this," said Jose Maia, Caixagest's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Implementation at Caixagest has begun, with a full systems to business process review. SS&C has partnered with Novabase, a Portuguese consultant company, on the project, and Novabase consultants have already completed CAMRA 2000 consultant-level training certification. "The agreement with Caixagest demonstrates SS&C's abilities and desire to become the leading solutions provider to the Portuguese fund management community," said Steve Helmbrecht, Senior Vice President, International, at SS&C. "SS&C's commitment is to continue developing functionality as required by this market." About Caixagest Lisbon-based Caixagest Tecnicas de Gestao de Fundos is the fund management division of Caixa Geral de Depositos, Portugal's largest financial group, whose capital is exclusively held by the state. With $5 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , Caixagest is one of Portugal's largest fund managers, and is frequently a top performer, having received commendations from the industry for its fund performance. 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 in assets. Additional Company information is located on the World Wide Web at www.ssctech.com. |
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