Charles River Development Leverages Sybase ASE for Its Investment Management Solutions
28 September 2005 - 12:00AM
PR Newswire (US)
SYNOPSIS: Announcing a new partnership between Sybase and Charles
River Development (Charles River) which will enable Charles River
to develop its award-winning software suite for the institutional
investment managers on Sybase's high performance Adaptive(R) Server
Enterprise (ASE). DUBLIN, Calif., Sept. 27 /PRNewswire-FirstCall/
-- Sybase, Inc. (NYSE:SY), a leading provider of enterprise
infrastructure and mobile software, today announced a partnership
that provides investment managers with the option to leverage the
Sybase Adaptive Server Enterprise data management platform when
deploying the Charles River Investment Management System (Charles
River IMS). Through the partnership, Charles River, a leading
provider of financial software and consulting services to the
global investment management community, will develop its software
suite on Sybase ASE. The Charles River IMS suite provides
capabilities for "what if analysis" and portfolio rebalancing
straight through to electronic order execution and trade
settlement. "Our partnership with Sybase financial services
solutions helps us meet our customers' requirements for high
performance, maximum security, high availability and reliability,"
said Robert Hathaway, vice president of engineering, at Charles
River. "Financial institutions are relying heavily on their data
management platforms to support the multiple trading applications
in their competitive environment," said Larry Tabb, founder and
CEO, The Tabb Group. "The demands require a highly scalable
platform facilitating easy, reliable, and efficient integration."
"Today, global financial institutions are challenged with meeting
new government standards, compliance issues and audit demands,"
said Chandra Stevens, head of strategic alliances for Financial
Services Solutions at Sybase. "Firms like Charles River provide the
solutions they require to streamline and automate operations,
maintain compliance, and trade in a global, electronic 24X7
environment. Partnering with Charles River Development demonstrates
our continued commitment to our loyal customers who depend on
Sybase and ensures that they have best-of-breed application
options." About Charles River Development Charles River Development
(http://www.crd.com/) is a market-leading provider of software and
services to over 170 investment managers in the global mutual fund,
banking, pension, hedge fund, wealth management and insurance
industries. Founded in 1984 and privately held, Charles River
maintains primary offices in Burlington, MA, London, Melbourne,
Paris and Singapore. About Sybase, Inc. Sybase is the largest
global enterprise software company exclusively focused on managing
and mobilizing information from the data center to the point of
action. Sybase provides open, cross-platform solutions that
securely deliver information anytime, anywhere, enabling customers
to create an information edge. The world's most critical data in
commerce, communications, finance, government and healthcare runs
on Sybase. For more information, visit the Sybase Web site:
http://www.sybase.com/ . NOTE: Sybase and Adaptive Server
Enterprise are registered trademarks or trademarks of Sybase, Inc.
or its subsidiaries. (R) indicates registration in the United
States of America. All other company and product names mentioned
may be trademarks of the companies with which they are associated.
DATASOURCE: Sybase, Inc. CONTACT: Joan Fronske of Sybase, Inc.,
+1-925-236-4893, or ; or Ruth Busbee of Citigate Cunningham,
+1-415-618-8739, or , for Sybase, Inc. Web site:
http://www.crd.com/ Web site: http://www.sybase.com/
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