Front partners with leading treasury technology firm

Johannesburg, South Africa

Front Capital Systems, an operating unit of SunGard (NYSE:SDS), has formed a partnership with South African based treasury and risk technology services company RiskWorX. The agreement guarantees the availability of high-quality risk management services to FRONT ARENA customers.

Front initiated the partner programme last year to create a mutually beneficial framework for the companies involved to add value to Front's customers by collaborating on implementations, adaptations and customer-specific developments. Under the terms of the agreement, Front trains and certifies individuals within partner companies on key functional areas of the software in order to provide the highest level of expertise and knowledge to its customers.

Front chose to partner with RiskWorX because of its extensive experience in risk management, systems development and quantitative modelling. Headquartered in Johannesburg, RiskWorX possesses an in-depth knowledge of the local market, can provide expert consultancy on the strategic issues of treasury and risk management and conduct detailed technical implementations.

"We have formed a strong working relationship with the people from Front Capital Systems, whose levels of skill and energy are reflected in the quality of their products," comments Arthur Phillips, a director of RiskWorX. "We are pleased to form this partnership with Front which offers clients a credible resource, provides the banks with project-oriented skills, and provides RiskWorX with a strong technology partner that is a leader in its field."

Cliff van Tonder, regional manager Africa and Middle East at Front, comments, "Our partnership with RiskWorX allows Front to offer its South African customer base access to a highly competent and experienced systems integration firm. We look forward to extending this offering to our customers in Europe and North America, where RiskWorX also operates."

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