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Sterci Selected by Sei to Enhance Client Servicing Operations with Move to Web Technology

Sterci SA (“Sterci”), an independent software author providing financial network & messaging solutions, announced today that it has been selected by SEI (NASDAQ SEIC), a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions, to refresh its client messaging technology.

Sterci technology will replace the SunGard MINT platform to offer a web-based client user experience with enhanced client messaging capabilities.

Sterci Chief Executive Simon Kalfon said, “It is a pleasure to welcome SEI to our growing list of partners. We are able to provide them with the latest technology for efficiencies of operations, enhanced client experience, reduced operational risk, and continued control of operating costs.”

Rob Kotlarz, Business Development at Sterci commented: “It is great to see another leading global company decide after a rigorous evaluation to come and work with Sterci as its favoured partner. We look forward to designing innovative solutions with them that leverage the SEI outsourcing expertise with our known best in class Software as a Service (SaaS) capabilities.”

John Steinmetz, Technology Director for SEI, stated “Sterci is a partner with a long term commitment to developing innovative messaging technology, a proven track record in messaging platform conversions, and a strong commitment to client service. By working together, we can replace our messaging system with a web-based version that utilizes more advanced client servicing capabilities. “

The strategic partnership combines the global reach and state-of-the-art technology of both organizations to streamline SEI’s messaging middleware and upgrade from current platforms, offering an enhanced client user experience and improved operational efficiencies.