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Misys and Almonde partner to deliver complete Basel II and ALM solutions

Alliance to address economic and regulatory challenges

London, 18 May 2004 - Misys Risk Management Systems today announces the signing of a formal partnership with Almonde. The alliance, between two of the industry’s leading risk specialists, will establish an unrivalled depth of regulatory and risk product expertise with global delivery capability. 

As winners of Risk Magazine’s Software Product of the Year 2003, Almonde has earned widespread acclaim within the risk community for the sophistication of the analytics, multi dimensional analysis and flexible and robust architectures within products such as Almonde Basel II™ and Almonde ALM™.
Misys Risk Management Systems is part of the Banking and Securities Division of billion-pound software company, Misys plc. The division is trusted by over 1,200 financial institutions in 2,000 sites across more than 120 countries to facilitate their daily business processes. 
“The alliance will provide our clients with a highly sophisticated product set and a proven global support presence,” explains Shawn McMorran, Chief Executive Officer of Almonde. “Over the next 18 months, we will witness huge changes in the risk management market and this alliance will provide a sound platform to enable financial institutions to focus on regulatory compliance and beyond, to effectively optimise their economic capital concerns.“
Risk Vision, Misys Risk Management Systems’ advanced platform for enterprise wide risk management is a fully integrated component based solution, relied upon by the world’s leading financial institutions. The two companies’ products can be integrated to provide a comprehensive framework for regulatory compliance and provide the foundation for effective risk management and the optimised use of capital.
Michel van Leeuwen, Chief Executive Officer, Misys Risk Management Systems comments, “We assessed a number of potential partners to broaden our product scope and we have found that the Almonde solutions are unparalleled in their level of functionality and sophistication. This alliance will provide our clients with a real competitive edge and it will further establish Misys Risk Management Systems as a leading solutions provider in this space.”

For further information, please visit www.misys.com or contact:
Shamira Alidina / Adelaide Harrison
Write Image
+44 (0)20 7959 5400
Shamira@write-image.co.uk / Adelaide.Harrison@write-image.co.uk
OR
Vanessa Mahoney
Misys Risk Management Systems
 +44 (0)20 8486 1575
vanessa.mahoney@misys.com

About Misys Risk Management SystemsMisys Risk Management Systems, part of the Banking and Securities Division of Misys plc, is focused exclusively on the provision of enterprise wide, integrated risk management solutions. For over a decade, the company has specialised in driving the world’s leading financial institutions towards value creation, delivering functionally rich and highly flexible solutions that encompass all aspects of global, integrated risk management and regulatory compliance.
 
About Risk Vision
Risk Vision is a highly integrated and functionally advanced risk solution, delivering proven measurement of all areas of exposure and risk and supporting modern portfolio management practices. A uniquely flexible solution, Risk Vision is focused on supporting value management and regulatory compliance within a global financial institution through accurate, real time identification, measurement and control of exposure and capital.

About Misys plc
Misys plc, the global software products and solutions company, serves customers in the international banking and securities, international healthcare, and UK retail financial services sectors. The group partners with its customers to deliver outstanding IT solutions to essential industries. For the year ended May 31, 2003, Misys reported revenues in excess of $1.5 billion. Misys employs more than 6,000 people internationally. 
About Almonde
Almonde, based in London and Paris, provides banks with regulatory and best practice risk management software solutions that leverage the most recent, robust and open technology. Almonde offers Basel II, ALM, IAS and FTP software solutions for banks. Almonde’s Basel II solution enables bank to achieve full Pillar 1, 2 and 3 coverage by providing Credit, Operational, Market and Interest Rate (ALM) Risk analytics; Advanced analysis (such as Stress-testing, Scenario analysis and back-testing); Data warehouse; and Reporting.