IBM and RMT to Provide the World's First Massively Parallel Processing Asset Liability Solution; IBM to Resell, Support RMT's RADAR System and Data Tools in Asia-Pacific Region.

BERKELEY, Calif.--(BUSINESS WIRE)--October 31, 1995--IBM and Risk Management Technologies (RMT) today announced they have formed a joint venture to develop and market the world's first massively parallel processing asset liability and data warehouse solution.

Under the terms of the agreement, IBM will initially have the right to resell, install and support RMT's RADAR System and RADAR Data Tools throughout IBM's Asia-Pacific region. The RADAR System is the industry's leading financial risk management, profitability management and strategic planning software. Financial institutions use The RADAR System to reduce interest rate risk exposure, maximize profits within management-imposed risk limits, and more effectively manage the profitability of products, business units and customer relationships. RADAR DataTools is RMT's set of graphical client/server application generators that allows clients to rapidly design and populate data warehouses for use in decision-support applications.

As part of the agreement, RMT and IBM will work together to provide the RADAR System on IBM's RISC System/6000 SP Scalable Power Parallel (RS/6000 SP) architecture in order to meet the data and processing needs of even the largest financial institutions. Based on IBM's proven AIX and RISC technologies, the RS/6000 SP is known as a "massively parallel processor (MPP)." Parallel processing enables users to run complex queries on vast databases in real time and to divide analytical work over multiple computing nodes. The RS/6000 SP platform will allow new developments in "manager-agent" protocols for handling complex data processing.

Development work will primarily be carried out on an RS/6000 SP unit in RMT's Berkeley, Calif. headquarters.

"IBM is committed to being an integrated solutions provider in the financial services industry," says Sharyn Kohen, Segment Manager, Banking, Finance and Securities Marketing at IBM. "In the process of developing breakthrough solutions, IBM identifies a select number of business partners with defined market expertise. Through The RADAR System, RMT provides the industry's leading asset liability solution for global financial institutions."

"As asset liability issues become more complex, it's imperative that technology keep pace with industry demands," says David LaCross, chairman and CEO of RMT. "By combining RMT's RADAR System with IBM's RS/6000 SP architecture, the financial industry will have access to the leading asset liability solution on the leading high-performance MPP server for the first time."

Earlier this year, IBM and RMT were selected by Sumitomo Bank in Tokyo, the world's fourth largest bank, to work on a RADAR System implementation to enhance the bank's global asset liability management and risk management capabilities. IBM Japan is providing installation support and technical support for data integration throughout an expected six-month development and deployment project. IBM is also providing ongoing first-line support for The RADAR System in Japan.

"As IBM has already demonstrated at Sumitomo, we believe in its commitment and capabilities for supporting The RADAR System in an open-systems environment," says Jefferson Braswell, president of RMT. "We look forward to working closely with IBM throughout the Asia-Pacific region."

RMT was founded in 1989 specifically to provide comprehensive decision support systems for major financial institutions. Since coming to market in 1993 with a complete asset liability management product targeted at larger, more complex and sophisticated institutions, RMT has garnered such domestic clients as Chemical Bank in New York, First Union in Charlotte, N.C., Great Western Bank in southern California, Wachovia Corp. in Winston-Salem, N.C., and Wells Fargo in San Francisco. Lead clients outside the United States include Credit Suisse in Switzerland and Sumitomo Bank in Tokyo.

IBM's Banking, Finance and Securities Group works with financial services companies around the world to provide hardware, software and consulting services and solutions.

CONTACT: Lynne Winters, The Reference Point, 212-496-0400

Ian Colley, IBM, 914-642-6219

David LaCross, CEO, RMT, 510-548-7799