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Crosskey Banking Solutions Chooses MKS for Application Lifecycle Management Worldwide.


WATERLOO, Ontario Coordinates:

Waterloo is a city in Ontario, Canada. It is the smallest of the three cities in the Regional Municipality of Waterloo, and is adjacent to the larger city of Kitchener.
 -- MKS (Mortice Kern Systems Inc., Waterloo, Ontario, www.mks.com) A software company that specializes in programming tools and utilities for a variety of platforms. For example, its RCS system for Windows, OS/2 and Unix is a version control software package.  Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
:MKX MKX Mortal Kombat Extreme ) announced today that Crosskey Banking Solutions, a supplier of state-of-the-art banking computer systems for small and medium-sized banks, and a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of the Bank of Aland in Finland, has selected MKS Integrity to enable application lifecycle management The administration and control of an application from inception to its demise. It embraces requirements management, system design, software development and configuration management and implies an integrated set of tools for developing and controlling the project.  (ALM) across the company's distributed and iSeries environments. Crosskey Banking Solutions develops cost-effective banking systems that allow personalised Adj. 1. personalised - made for or directed or adjusted to a particular individual; "personalized luggage"; "personalized advice"
individualised, individualized, personalized
 banking service, including modules for front-office, back-office and E-banking.

Crosskey has invested in MKS's ALM solution to improve development efficiency while supporting the creation of custom banking solutions for multiple customers. MKS Integrity will allow Crosskey to transition to task-based change management from its existing file-based version management system, better integrating change requests with the development process, and enabling a more structured software release process. After an evaluation of the market, Crosskey chose MKS for its broad and highly integrated ALM support spanning distributed and iSeries platforms.

"Our business model is based on adaptation and re-labelling of a standardised system core, which allows our customers to efficiently deliver banking services under their own brand. Systems are designed by Crosskey uniquely to fit each customer's brand image and wishes, while sustaining short implementation times and low development costs. MKS's application lifecycle management solution allows us to manage ongoing change to multiple systems in a highly orchestrated or·ches·trate  
tr.v. or·ches·trat·ed, or·ches·trat·ing, or·ches·trates
1. To compose or arrange (music) for performance by an orchestra.

2.
, organised and efficient way," says Niklas Ekebom, Specialist, Crosskey Banking Solutions.

About MKS

MKS is the premier provider of application lifecycle management solutions for the global 1000. MKS's solution spans from requirements management The administration and control of the information needs of users. In order to achieve business objectives within an organization via information systems, user requirements must be defined in a consistent manner, prioritized and monitored.  to deployment providing customers with enhanced development productivity, visibility over processes, and improved IT controls for regulatory compliance. MKS's software is distinguished by its single architecture and deep integration of features delivering collaboration throughout the development lifecycle, rapid implementation and low total cost of ownership. Founded in 1984, MKS serves more than 10,000 customers in countries across the world. Whether through deployment of MKS's solution strategically on an enterprise scale, or by leveraging individual components to solve project-level challenges, our customers can use MKS's software to enable higher levels of process maturity, better manage global development activity and safeguard their most critical business applications and software assets. Under its widely known MKS Toolkit MKS Toolkit is a software package produced and maintained by MKS Inc. that provides a Unix environment for scripting, connectivity and porting Unix and Linux software to both 32- and 64-bit Microsoft Windows systems.  brand, MKS also provides UNIX-Windows co-existence and system administration that significantly cut development and administrative costs administrative costs,
n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided.
 and reduce time to market, while enabling enhanced performance. More information about MKS can be found at http://www.mks.com or by calling 1-800-265-2797 (US & Canada), +49-711-351775-0 (Germany), +44-1483-733900 (United Kingdom) and 1-519-884-2251 (Rest of World).

Copyright (C) 2005 MKS Inc. MKS, MKS Integrity Suite, and MKS Toolkit are trademarks or registered trademarks of MKS Inc. All other trademarks mentioned in this release are the property of their respective owners.

This news release contains forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect the Company's current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made including those factors detailed from time to time in filings made by the Company with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. Although the Company believes the expectations represented by such forward looking statements are reasonable, there can be no assurance that those expectations will prove to be correct. The Company does not intend and does not assume any obligation to update these forward-looking statements.

MKS Inc. (TSX:MKX)
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Feb 6, 2006
Words:636
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