NEW YORK, New York - September 12, 2002 - Delaware Investments, a subsidiary of the Lincoln Financial Group and Reval®, a provider of Web-based financial risk management and compliance solutions and services, announced a two-year renewal of Delaware Investments' subscription to HedgeRxTM, Reval's flagship risk management software.
"We were very happy with Reval's solution and customer service last year and wanted to move forward with a longer term commitment and additional users for our Fort Wayne operations," explained Philip Obazee, Vice President, Delaware Investments.
Delaware Investments uses HedgeRx for its front office pricing and risk management tools out of Philadelphia and for reporting and FAS 133 compliance out of Fort Wayne. This multiple location and multiple function usage of HegdeRx highlight the flexibility and efficiency of the web-based services. HedgeRx provides objective market data, a centralized database, and seamless front-, middle-, and back-office processing of derivative instruments and risk exposures with secure, remote access via a web browser.
"Reval's business model of obtaining subscription renewals from our clients requires us to pay extra special attention to customer service and satisfaction," said Jiro Okochi, CEO and Co-founder of Reval. "Delaware Investment's two year renewal validates the quality of our application and commitment to keeping happy clients. We greatly appreciate Delaware's business and hope to continue to develop the relationship for the long-term."