Eontec Proven in IBM z/OS Environment; Eontec and IBM Provide Foundation for Financial Services Organizations to Re-engineer Their Architecture Using the IBM eServer zSeries Mainframe

Business Wire, May 28, 2002

Business Editors/High Tech Writers

CHARLOTTE, N.C.--(BUSINESS WIRE)--May 28, 2002

Eontec, the global leader in the development and delivery of Enterprise Java(TM) Banking solutions, today announced the successful deployment of Eontec(TM) Financial Components and MCA Services on the IBM Server zSeries operating system (z/OS).

The deployment provides financial institutions with a proven foundation for business re-engineering and channel integration. It enables banks to assemble and deploy customized, mission-critical banking functionality across the enterprise while optimizing return on investment through server consolidation and reuse.

In combination, Eontec and IBM z/OS allow banks to leverage their existing investment in servers and hardware and ensure ease and speed of installation and deployment through a proven integration process. With the new z/OS deployment, Eontec is now available across the IBM eServer family, continuing the close cooperation between the two firms, which has seen Eontec deploying its solution on successive generations of IBM platforms, including its recent pre-configuration to Linux for IBM zSeries.

"Financial institutions across the globe are looking for a platform for business re-engineering and channel integration that can help eliminate superfluous cost and increase ROI. By bringing Eontec to the mainframe, banks can build customized and scalable enterprise solutions to meet the most demanding integration, re-engineering and system renewal challenges in the most cost efficient manner through true component reuse," says John Randles, CTO at Eontec.

Morten Nygaard, program director, Enterprise Server Marketing, WW Financial Services at IBM, noted that "This deployment is an important step in Eontec and IBM's strategic product direction and is driven by the requirements of some of the largest global banking institutions. With a significant installed base of z/OS in the financial services sector, demand for mission-critical banking content in this environment is high. Deployment of Eontec on z/OS further attests to the complementary nature of IBM and Eontec and means joint customers can be confident of ease of product deployment and speed of implementation for robust, large-scale operations."

Eontec Financial Components and MCA Services encompass a broad range of functionality. The Financial Components are designed to a common component model enabling reuse across multiple applications, devices and channels.

Eontec MCA Services utilize a range of J2EE(TM) specifications to create end-to-end banking applications. They provide the flexibility to offer services uniformly across multiple channels and enable a consistent view of the customer.

The deployment of Eontec on IBM z/OS demonstrated the ability to execute at high business volumes whilst maintaining excellent stability. Furthermore, the mainframe environment offers unparalleled scalability and high availability of Eontec's core banking functionality across the enterprise, providing a secure foundation for business re-engineering.

About Eontec

Eontec is the global leader in the development and delivery of Enterprise Java(TM) Banking Solutions. Eontec offers a broad range of functionality for retail and corporate financial services including branch renewal, lending, payments, wealth management and credit card services. These can be deployed across multiple channels such as the internet, wireless devices, call centers, ATMs and branches.

The Eontec "Buy and Build" vision enables financial institutions to assemble and extend Eontec Financial Components into a tailored enterprise solution, and to realize the promise of J2EE(TM) cost reduction and speed of implementation through reuse of components.

Acting as a strategic platform for business re-engineering, Eontec enables financial institutions to manage technology transition, and to extract real business benefits from existing CRM and legacy investments by integrating them with Financial Components in a flexible and massively scalable environment.

Eontec pioneered EJB(TM) technology for the financial services industry and was the first company to offer EJB-based multi-channel banking software. Today Eontec offers a next-generation J2EE(TM)-based solution, whose elements include hundreds of Financial Components, Multi-Channel Services and an integrated assembly environment that automates every element of the development and delivery life cycle.

Founded in 1994 by banking and IT specialists, Eontec is based in Dublin and currently employs 300 people worldwide with offices and development centers in Ireland, the United States, Canada, Germany, the UK, Japan and Singapore.

www.eontec.com

IBM, the IBM e-business logo, zSeries and z/OS are either trademarks or registered of International Business Machines Corporation in the United States or other countries or both. The IBM eServer brand consists of the established IBM e-business logo with the following descriptive term "server" following it.