Business Services Industry

Mantas to Offer Benefits of SUSE Linux Enterprise Server to Financial Services Institutions Globally

Business Wire, March 1, 2006

NEW YORK -- Mantas, Inc. today announced a solution that will bring the benefits of Novell's SUSE Linux Enterprise Server operating system on Intel(R) architecture to the compliance, risk and fraud functions at financial institutions around the world. SUSE Linux Enterprise Server, a scalable, high-performance foundation for secure enterprise computing, has been widely adopted by the financial services market because of its ability to deliver increased performance and offer a dramatically lower total cost of ownership than competitors.

Mantas recently joined Novell's PartnerNet program and will certify the Mantas Behavior Detection Platform(TM) and each Mantas product offering for use on SUSE Linux Enterprise Server 9. Mantas is the worldwide leader in compliance solutions for financial services, including anti-money laundering, trading compliance and broker compliance. Mantas also offers products that target operational risk, fraud detection, and revenue generation for financial services.

"These risk and compliance solutions built on Intel(R) platforms are intended to help financial firms worldwide improve sales and customer service, enhance employee productivity and operate more efficiently and with less operational risk," said Howard Morin, Managing Director, Risk Management/Compliance, WW Financial Services at Intel Corporation.

"Many of our customers have adopted SUSE Linux Enterprise Server into their technology architectures," said Stephen Epstein, vice president, product management, Mantas. "They are very excited about the prospect of running Mantas on SUSE Linux Enterprise Server and bringing their operating costs even lower and increasing performance and scalability."

"The addition of Mantas to Novell's global PartnerNet network helps us extend the benefits of SUSE Linux Enterprise Server to financial institutions worldwide," said Hal Bennett, vice president of global alliances at Novell. "This relationship underscores Novell's commitment to our financial services customers and highlights our continued success in offering software for the open enterprise to all markets."

About Mantas

Mantas provides its clients with the industry's most advanced solutions for regulatory compliance, loss prevention and revenue generation. Our clients recognize greater transparency of their business and make better-informed decisions as a result. Mantas is a global software company with operations in Europe, the Americas and Asia/Pacific. Recognized as a leader in global operational transparency, the company's products are used by more than 5,000 finance professionals in more than 100 countries.

Headquartered in Herndon, Va., the company has offices in London, New York, Singapore and New Delhi. Mantas is majority-owned by Safeguard Scientifics, Inc. (NYSE: SFE). For further information please visit www.mantas.com.

COPYRIGHT 2006 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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