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TowersData PersonalReturns Licensed by Janus.

BETHESDA, Md., Oct. 13 /PRNewswire/ --

TowersData has announced that Janus, a leading mutual fund company, has licensed its PersonalReturns services solution. PersonalReturns, comprised of both custom programming and implementation services, is a process that calculates personalized shareholder returns and delivers this information on account statements. The service project has enabled Janus to give two million of their shareholders individualized results based upon actual investment history. Raising the bar in the delivery of personalized returns, Janus has also delivered output over the Internet up to the previous business day's close!

Many shareholder account statements include performance results for funds assuming a one-time investment at the beginning of several time-periods. What it fails to reflect is how an investor's particular investment and withdrawal history affect the value of a specific account. The PersonalReturns solution calculates this individualized return information factoring in details such as, dates and amounts of deposits and withdrawals, cash distributions, exchanges between funds and overall portfolio performance. The result is a win-win situation. The shareholder receives a personalized statement reflecting individualized investment results and the mutual fund company gains a competitive advantage.

Tim Hubner, Vice President and Chief Technology Officer said, "By delivering personalized returns on statements and over the Internet, we are taking an enormous leap forward providing shareholders with useful, relevant and timely information."

TowersData has been a leader in providing software tools and consulting services to the financial services industry for over thirty years. For more information about PersonalReturns, please contact John Austin of TowersData at 1-800-464-4976, jaustin@towersdata.com or visit our website at http://www.towersdata.com.
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Publication:PR Newswire
Date:Oct 13, 2000
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