Atlanta, GA, June 19, 2002 – SunGard Asset Management Systems (AMS), an operating group of SunGard (NYSE: SDS), released today the results of a benchmark project report announcing that AddVantage, SunGard’s browser-based, real-time asset management and trust accounting solution, has achieved impressive results.
With intensive scripts simulating 500 concurrent online users on a 100,000-account single database, the processing throughput exceeded the rate of 75,000 completed transactions/reports per hour. Included in these numbers were a variety of real-time transactions, online reports, trade inputs, and trade settlements. The end-of-day processing was completed in 26 minutes, far less time than the end-of-day processing for most organizations. The planning and testing took place over two months and included the integrated efforts of SunGard partners HP, Intel Corporation, InterSystems and Microsoft.
“These numbers are far above the industry usage levels,” said Niraj Gilja, president of SunGard’s AddVantage. ”This is an incredible accomplishment for AddVantage. We are extremely pleased with the results and all the hard work our valued partners put into this project.”
SunGard’s AddVantage is a real-time 100% Web-enabled, client-centric asset management and trust accounting system used by trust, custody and securities departments of large- and medium-sized banks, investment management firms and other fiduciaries. Using a Web browser, administrators, portfolio managers and customers have immediate access to real-time account information 24/7.
AddVantage runs on Windows 2000 Advanced Server on any Intel-based hardware platform. AddVantage utilizes CACHÉ, the high performance database technology from InterSystems. CACHÉ is a post-relational database with a multi-dimensional data and application server offering ultra-fast and massively scalable objects and SQL.
“SunGard’s AddVantage asset management software running on Intel architecture servers is a powerful, scalable, affordable solution that supports demanding asset management environments with a very large number of users. Financial services institutions should have complete confidence in this solution running on Intel-based servers,” said Deborah Conrad, vice president of Intel Solutions Market Development Group.
“We are very pleased with the benchmark results which illustrate the breakthroughs that can be achieved by a strong working partnership,” says Robert Nagle, InterSystems director of software development. “This demonstrates again the proven capability of the CACHÉ multidimensional database to support high-performance, massively scalable applications. As a result, SunGard is well positioned to take AddVantage to the next competitive level in the financial services sector.”
“HP applauds SunGard Asset Management Systems for driving down the cost of ownership of asset management solutions while demonstrating the performance levels that can be achieved using HP server technology,” said Ismail Pishori, worldwide general manager, Financial Markets Segment, HP Financial Industries Division.
HP offered the use of its state-of-the-art benchmark facility in Greenbelt, Maryland, and its associated systems engineering staff to assist SunGard in achieving its performance results. SunGard’s AddVantage benchmark tests on HP’s ProLiant™ servers demonstrate the reliability, scalability, and availability delivered by HP servers using Intel™ and Microsoft™ technologies, proving the viability and robustness of the platform for the demands of financial industry applications.
“These benchmark results are extremely impressive and serve a remarkable accomplishment for SunGard,” said Kenny McBride, global industry manager, capital markets, Microsoft. “SunGard’s AddVantage is an excellent example of how our collaboration improves the solutions for the benefit of our joint customers and demonstrates the reliability and scalability of Microsoft’s enterprise server platform to help improve their business.”
“Everyone involved in the process proved to be supportive, responsive and flexible, “ said Mr. Gilja. “We can all be proud of the fact that AddVantage surpassed all the benchmarks and came through with flying colors. With an increased demand for new and powerful solutions and financial services companies demanding more, SunGard is faced with meeting the challenge by providing immediate data access through internet, 100% real-time processing, straight-through processing of trades, and full scaleability for unlimited growth. AddVantage is in perfect alignment to meet that challenge.”
About SunGard Asset Management Systems SunGard Asset Management Systems provides a comprehensive range of asset management solutions to global financial institutions, regional asset management institutions, community banks, regional and investment advisors, foundations, and fiduciaries. SunGard delivers integrated solutions for investment management, personal trust, institutional trust, employee benefits, private banking, custody operations, and securities lending that enable institutions to profitably serve their high net worth clients. SunGard consulting services help to improve operational performance and productivity.
SunGard (NYSE:SDS) is a global leader in integrated IT solutions for financial services. SunGard is also the pioneer and leading provider of information availability services. With annual revenues of approximately $2 billion, SunGard serves more than 20,000 clients in over 50 countries, including 47 of the world’s 50 largest financial services companies. Visit SunGard at www.sungard.com.
Trademark Information: SunGard, the SunGard logo and AddVantage 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.
Caché is a trademark of InterSystems Corporation. Other trademarks belong to their respective owners.
Denise Kachin, Director of Media Relations
SunGard Asset Management Systems