Lombard, IL – April 4, 2011 –
SunGard has completed an optimization project for its Asset Arena solution suite, as part of a two-year project which improved transaction processing speed by up to 85% for its asset management and asset servicing customers. SunGard's open systems platforms utilize multiple CPUs to help customers shorten investment accounting cycles and reduce operating costs.
Asset Arena's open architecture helps deliver improved transaction rates to its investment accounting customers without the need for costly code changes or service disruptions. Transaction rates for fund valuation have been decreased by 85% on average, giving firms the ability to process seven times more business within the same timeframe. SunGard stress-tested these systems at volumes of over two billion transactions, without any decrease in speed of processing, thus validating the scalability of the system architecture for the world's largest asset managers and servicers.
The move to open systems was achieved using UniKix hosting technology from Clerity, a leading provider of mainframe migration, modernization and optimization solutions. Brandon Edenfield, president of Clerity, said, "Clerity is proud to partner with SunGard to help the company optimize its substantial application investments without sacrificing functionality or introducing risk into the migration to open systems. We worked with SunGard to target key areas to speed processing and to capitalize on both the higher performance and lower cost of ownership of open systems."
Martin Boyd, president of SunGard's asset management business, said, "The improved speed and scalability we achieved will help produce greater productivity gains for Asset Arena customers, who are highly dependent on complex and time-sensitive computations such as Net Asset Value (NAV) calculations. With the maturity of open systems, we confidently operate our largest customer installations in an n-tier infrastructure, with a choice of deployment platforms to maximize efficiency and minimize processing time. When processing transactions, our customers demand the ultimate in both speed and reliability. SunGard's investments in technology further underscore our commitment to delivering real benefits that help improve our customers' businesses."
About Asset Arena
SunGard's Asset Arena is a global suite of products and services for asset managers, institutional investors, and traditional and alternative fund administrators. Asset Arena supports the core functions of the asset management industry including investment management, investment operations and investor servicing. By leveraging technologies such as business process management and software-as-a-service, Asset Arena helps investment firms manage complexity, increase efficiency, and reduce costs and operational risk, while maintaining agility to respond to changing business and regulatory requirements. For more information visit www.sungard.com/assetarena.
About SunGard
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, please visit SunGard at www.sungard.com.
Trademark Information: SunGard, the SunGard logo and Asset Arena 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.
