ATLANTA (August 13, 2001) -- IPS-Sendero and Kamakura Corporation today announced the formation of a strategic alliance. According to their agreement, IPS-Sendero, the leading provider of asset/liability management (A/LM) and profitability measurement solutions to financial organizations worldwide, will begin marketing and supporting the Kamakura Risk Manager (KRM) system in markets outside the United States and Canada. The system, which will be branded as IPS-Sendero KRM, will be available through IPS-Sendero's Asian, Australian, EMEA (Europe, Middle East and Africa), and Latin American and Caribbean offices in July 2001.
IPS-Sendero KRM enhances IPS-Sendero's flagship A/LM products by providing the international banking industry with a state-of-the-art, integrated solution for measuring and managing option-adjusted interest-rate risk, currency risk, market risk, liquidity risk and credit risk. IPS-Sendero KRM includes yield curve smoothing techniques with a future interest-rate generation engine and powerful pricing, valuation, hedging, stress-testing, value-at-risk and credit risk analytics.
"Kamakura was carefully selected as our strategic partner for its expertise in global financial risk research, advancement of key concepts and ability to transform research and concepts into sophisticated financial risk management solutions," said Chuck Rowland, IPS-Sendero vice president and managing director of non-U.S. operations. "The combination of IPS-Sendero's international sales and support organizations and Kamakura's advanced, integrated risk analytics will provide financial institutions with the very best technology, education, consulting and support."
"Kamakura has been impressed with the international reach of IPS-Sendero and its extremely high standard of client service and support," said Donald R. van Deventer, Kamakura chief executive officer and founder. "The partners at Kamakura are very pleased to have the opportunity to work with IPS-Sendero and with leading-edge financial institutions around the globe to implement the IPS-Sendero KRM solution."
Under the terms of their agreement, IPS-Sendero will market, implement and support IPS-Sendero KRM internationally. Additional terms of the agreement are not available.