LONDON, February 25 /PRNewswire/ --
SunGard's Ambit Risk Performance solution has been voted as the number one asset and liability management (ALM) solution for the second straight year in Risk magazine's annual technology rankings. SunGard's Ambit solution also scored highly in several other categories, including integrated market and credit risk management, credit risk management, and risk management -- Basel II and International Accounting Standards (IAS) compliance.
The Risk rankings, which were compiled from a poll of over 2,500 financial institutions worldwide, are regarded as one of the industry's most prestigious rankings. The introduction of ALM as a dedicated category in 2007 reflects a growing view of ALM as an integral part of risk management. Participants in the survey were asked to base their votes on functionality, usability, performance, return on investment and reliability.
Andreas Hug, group vice president for SunGard's Ambit Risk Performance business unit, said: Being recognized as the category leader is testimony to our customers' satisfaction and our ability to meet their diverse needs, as well as our continued dedication and expertise. By taking a holistic approach to risk and performance, the Ambit solution is helping to revolutionize enterprise risk management. SunGard's Ambit Risk Performance offering has long been an industry leader, providing multi-dimensional analysis of balance sheets, incorporating interest rate risk, income simulation and market valuation modeling. We are pleased with the award and want to extend our thanks to our customers for their continued support and commitment.
About SunGard Ambit
Ambit is a banking solution suite for retail, commercial and private banks. It provides banking professionals with solutions that support front-, middle- and back-office operations, as well as solutions for financial management, risk and compliance. Ambit helps banks improve customer service management, streamline business processes, comply with regulations and capture growth opportunities.
SunGard is one of the world's leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world's 25 largest financial services companies.
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 exceeding US$5 billion, SunGard is ranked 472 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance Risk has recognized SunGard as service provider of the year an unprecedented five times. For more information, please visit SunGard at www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
Trademark Information: SunGard, the SunGard logo and Ambit 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.
For more information, please contact: Toby West, PR Communications Manager SunGard Financial Systems Tel: +44(0)20-8081-2426 Email: firstname.lastname@example.org
Toby West, PR Communications Manager, SunGard Financial Systems, +44(0)20-8081-2426, email@example.com