DST International Signs Major Contract with Scottish Widows Investment Partnership

DST International (DSTi) announce today that Scottish Widows Investment
Partnership (SWIP) has signed an agreement for a full suite of integrated front office products including a full set of data management tools.

SWIP manages around GBP 70 billion of assets (as at 31 December 2002), making it one of Scotland's largest investment companies and one of the leaders in Europe. HiInvest will be deployed initially in SWIP's offices in the UK, North America and Tokyo.

The ability to manage and control data more efficiently and flexibly was SWIP's main goal. DSTi's 'one stop shop' approach, with ready-built integration between products was one of a number of solutions evaluated. It was DSTi's product range, together with its commitment to ongoing investment in their development, along with its strength and stability, which finally won the deal.

SWIP will be using DSTi's HiInvest product set, comprising order management, decision support and enterprise (pre and post trade) compliance modules, together with HiReporting, HiPerformance and HiData. This combination will give a full solution from initial data management and cleansing through deal execution and performance analysis to comprehensive management and client reporting. Existing users of DSTi's front office products have reported considerable improvements in STP rates.

"We were keen to make sure our investment managers have the right tools to deliver consistent superior investment performance", said Bill Main, CEO of SWIP. "We have recognised that good, efficient front end systems are key to that tool set. DSTi's system architecture was seen as the best way for us to accomplish our goals. When combined with our internal research based philosophy, we are positioning ourselves to service our current clients very well, and allow us to expand business and future product plans as successfully and efficiently as possible."

Mike Winn, Group Managing Director, DSTi, commented, "We're delighted to be entering into such an important partnership with SWIP. We have signed a deal for an initial five years for support and maintenance but, as with all our clients, we see our relationship as very much for the longer term. A key element in winning this business was the integrated nature of our solution as well as meeting all of SWIP's business functional requirements. SWIP was our 10th sale of HiInvest in 2002."

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