Indocam Subsidiary of Credit Agricole Selects SunGard Solutions for Integrated Straight-through Processing

Business Editors/Hi-Tech Writers

WAYNE, Pa. (BUSINESS WIRE) Aug. 7, 2000

SunGard (NYSE:SDS) today announced that Indocam, one of Europe's leading asset management firms, has licensed an integrated straight-through processing (STP) solution.

SunGard's intelliMATCH trade reconciliation and matching system and Decalog order management and trading system have been integrated using SunGard Business Integration's MINT Knowledge Hub.

Like many institutions in the global asset management industry, Indocam required an STP solution to address its trade processing requirements, to minimize manual intervention and reduce point-to-point interfaces in its heterogeneous back-office systems environment.

Indocam's priority was the creation of a strategic Enterprise Application Integration (EAI) platform, including external interoperability with networks such as Oasys, Global Direct and SWIFT.

In particular, Indocam needed a complete business integration solution to incorporate sophisticated trade matching and reconciliation capabilities. Xavier Barrois, managing director for IT at Indocam, explained, "We were keen to identify a major vendor who not only provided excellent STP technology and credentials in terms of understanding the complexities of our business process, but provided more functionality and value added. With SunGard, we found a complete solution offering which fully met our requirements."

Hagay Shefi, president and chief executive officer of SunGard Business Integration, commented, "This impressive client win represents the essence of what SunGard Business Integration does best. We leverage the various best-of-breed business applications from across SunGard and provide an integrated solution through the MINT Knowledge Hub."

About Indocam

Indocam is the asset management subsidiary of Credit Agricole, an international leading bank with an AA credit rating. Indocam was created in 1997 by the merger of the investment arms of Credit Agricole and Banque Indosuez, which had been managing assets since the early 1950's.

With over 710 employees, Indocam manages over EUR150 billion for a broad range of institutions and individuals, served from 15 offices based around the world.

About SunGard Business Integration

SunGard Business Integration is a leading provider of intelligent middleware and enterprise application integration solutions designed exclusively for the financial services industry. Based on the company's knowledge of the complex transaction processes required in financial services, these solutions significantly reduce the effort of integration across organizations, as well as across disparate incompatible systems.

SunGard Business Integration solutions empower users by providing the business intelligence, rules and definitions for message processing (including message translation, transformation, enrichment and routing). SunGard Business Integration solutions are installed at major financial services institutions worldwide.

About SunGard

SunGard Business Integration is an operating unit of SunGard (NYSE:SDS), a global leader in integrated IT solutions and eProcessing for financial services. SunGard is also the pioneer and a leading provider of high-availability infrastructure for business continuity.

With annual revenues in excess of $1 billion, SunGard serves more than 10,000 clients in over 50 countries, including 47 of the world's 50 largest financial services institutions. Visit SunGard at

Trademark Information: SunGard and the SunGard logo are trademarks or registered trademarks of SunGard Data Systems Inc. in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.