SunGard’s ASP Solution for Portfolio Management
Hinsdale, IL – February 21, 2006 – SunGard today announced that three new customers, including investment firm Tukman Capital Management. Inc. with about $10 billion in assets under management, went live this month on IMpower, SunGard’s ASP portfolio management solution.
In a single integrated offering, IMpower addresses the requirements of investment managers with capabilities for trading, accounting, performance measurement, and reporting. SunGard has developed the solution to help investment firms to achieve internal and external straight-through processing through the integration of the front- and back-office environments and the automation of the pre- and post-trade settlement cycle.
“SunGard has been a consistently reliable provider of portfolio management solutions to our firm for more than 20 years,†said Mel Tukman, president of Tukman Capital Management, Inc. “SunGard’s expertise, especially in technology and ASP services, has helped our assets grow more than ten times without additional IT staff. With IMpower in place, our firm can continue to focus on providing superior returns and service to our clients,†said Scott Rosen, Tukman’s chief financial officer. Mr. Rosen cited other factors critical to the selection of IMpower as the product’s browser-based technology, data access, performance measurement, and trading capabilities.
“These three customers putting IMpower into live production, is the latest indication of the momentum that IMpower is now achieving ,†said Doug Morgan, president of SunGard’s investment systems business unit. “For these firms, IMpower helps to streamline the investment process by combining powerful functional capabilities with a flexible deployment model.â€
