SunGard eSourcing Offers Managed Web Hosting and ASP's to Financial Services Clients; Focus on financial institutions leverages leading software applications and client base

Business Wire, Dec 18, 2000

Business Editors/Hi-Tech Writers

WAYNE, Pa.--(BUSINESS WIRE)--Dec. 18, 2000

SunGard (NYSE:SDS) today announced that it will focus the managed Web hosting and co-location offerings of its eSourcing operating unit on its financial services clients.

SunGard eSourcing, which already operates facilities in the Philadelphia and Atlanta metropolitan areas, plans to open facilities in the world's financial centers.

Robert Reed, president of SunGard eSourcing, commented, "Even though we live in a wired world, proximity to clients drives many of the purchase decisions in Web hosting and managed services. Clients need convenient physical access to co-located technology infrastructure. SunGard has a significant footprint on Wall Street, and we see an accelerating trend towards ASP (application service providers) and managed Web hosting services. We offer our clients the same premium service in managed Web hosting and co-location as they have come to expect from our trading and processing software solutions."

SunGard already operates ASPs for many of its leading software solutions, including Phase3 for securities processing, eTreasury.com for real-time treasury management, Global Plus for asset management, and INVEST ONE for investment accounting.

Credient, SunGard's online credit risk ASP, serves over 5,000 users at over 500 sites and processes over 250,000 transactions daily. SunGard Employee Benefit Systems offers a 401(k) defined contribution ASP that processes over $30 billion in assets. SunGard Investor Accounting Systems processes over 30 million accounts on an ASP basis.

In addition to ASP offerings, SunGard eSourcing manages the global network infrastructure for the SunGard Transaction Network. This TCP/IP network is available tofinancial intermediaries, institutional investors, and corporate and government treasuries.

It replaces existing point-to-point and Internet connections and links SunGard customers to SunGard ASPs and to each other, thereby automating the information flows between participants in the financial services marketplace. The network also enables SunGard customers to connect to the world's leading exchanges and to route transactions to the GSTPA's Transaction Flow Manager and to the S.W.I.F.T. network.

Cris Conde, SunGard's president, commented, "SunGard eSourcing is all about taking care of end-to-end infrastructure. Our plans to expand our facilities in the world's financial centers will enable our clients to focus on their core competencies. Over 10,000 clients trust us and rely on us."

About SunGard

SunGard (NYSE:SDS) is a global leader in integrated IT solutions and eProcessing for financial services. SunGard is also the pioneer and a leading provider of high-availability infrastructure for business continuity.

With annual revenues in excess of $1 billion, SunGard serves more than 10,000 clients in over 50 countries, including 47 of the world's 50 largest financial services institutions. Visit SunGard at www.sungard.com.

Trademark Information: SunGard, the SunGard logo, Credient, Global Plus, INVEST ONE and Phase3, are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries.