Press Releases

Asset Control Announces Availability of its Centralized Data Management Solutions on Sun's Award-winning Solaris(TM) 10 Operatin

New York, August 28, 2006

Asset Control, the world’s leading provider of Centralized Data Management (CDM) solutions to the financial industry, today announced its support for Sun’s award-winning Solaris 10 Operating System (OS) running on Sun's Sun Fire(TM) x64 (x86, 64-bit) servers powered by AMD Opteron(TM) processors. The Solaris 10 OS offers improved security, stability and performance, all at a lower total cost of ownership in which to run the Asset Control product suite for standardized reference data and market data management solutions across the enterprise.
 
"As a leading operating system, the Solaris 10 OS provides the reliability of an enterprise platform at commodity pricing," said David Hirschfeld, Senior Vice President of Operations at Asset Control. "A number of financial institutions have expressed an interest in a move to cost-effective computing platforms. Our goal for extending to the x64 platform is to offer a lower total cost of ownership and the widest range of platform options available to support the entire life cycle of data management."

Anders Harrysson, President, Sun Microsystems Central and North Europe said: "The combination of Asset Control’s product suite and the Solaris 10 OS is all about performance, value and choice. This is particularly important for institutions looking at a dependable and extensible investment data management platform that leverages the increased performance of the Sun Fire x64 servers, in addition to compatibility with more than 650 x86/x64 platforms that run the Solaris 10 OS, including those from Dell, HP and IBM."

This announcement expands the long-standing relationship that Asset Control and Sun have developed over the years which has led to numerous customer implementations.  An important foundation for the partnership is deeper engineering collaboration to optimize the use of the advanced Solaris 10 features with Asset Control, such as Dynamic Tracing (DTrace), Predictive Self-Healing and Solaris(TM) Containers.  These features are designed to increase network security, enhance system observability, improve utilization and decrease overall server downtime.

About Asset Control
Asset Control is the world’s leading provider of Centralized Data Management (CDM) to financial industry firms.  With a complete range of in-house and outsourced options, Asset Control delivers Total Data Management (TDM), a hybrid approach to data management.  The selection of developer tools, turnkey software solutions and outsourced services enable users to optimize their investment data for efficiency, cost control, reduced operational risk and increased value from their data.
 
Derived from the robust and reliable AC Plus modular framework, the Asset Control product set includes data solutions addressing market risk, counterparty credit risk, security master, research and corporate actions, as well as global data networking and administration. Handling data from vendors and in-house systems, these solutions collect, validate, normalize, and consolidate data into cleansed composite “golden copy” sets for business use.

Customers include Abbey National, ABN AMRO, Allied Irish Banks PLC, Barclays Capital, Barclays Global Investors, Bayerische Landesbank, BBVA, Commerzbank, Convexity Capital Management, IBM (Dresdner Bank), Grupo Santander, Harvard Management Company, HSH Nordbank, HypoVereinsbank, ING, LCH.Clearnet, Robeco Groep, Société Générale, Standard Bank, Standard Chartered, Union Investment and Wachovia Corporation as well as a super-major global energy group. Established in 1991, Asset Control is a privately held firm with operations in London, New York and the Netherlands. For more information please visit  www.asset-control.com.