CALABASAS, CA – September 3, 2002 – Osaba, Inc. announced today it is developing a revolutionary software platform for the global wealth management industry. Osaba's product, SOLOMON Integrated Wealth Management System, is scheduled to be released in early first quarter 2003 and has been designed for wealth managers serving the global high net worth market.
SOLOMON is unique in the breadth of its coverage, incorporating extensive solutions for portfolio management, risk management, cash management, tax planning, financial planning, and customer relationship management within a single product platform.
"Today, wealth managers are using a variety of independent systems to achieve the level of support provided by SOLOMON," explained Therese Tucker, Osaba's CEO. "The lack of integration creates inefficiencies as staff scramble to assemble data. Consolidation on a single platform offers our clients the opportunity to service more customers with a higher degree of effectiveness. Not only will SOLOMON help reduce costs, it will help grow the business."
SOLOMON has been developed using the Microsoft .NET framework. ".NET provides us a development advantage, enabling us to simultaneously develop for the three primary platforms: Windows thin client, Internet or Intranet, and wireless devices (PDA's)," explained Tucker. "Under the .NET framework, the user interface is completely independent from the development of the system itself. In the pre-.NET era, each platform required a separate development effort."
"In addition," continued Tucker, ".NET is designed to support integration. While our customers will rely on SOLOMON as their primary management system, we will still need to integrate with other critical systems. Microsoft .NET enables us to provide seamless integration to other products from market data services to proprietary back-office systems."
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