CKFR Checkfree Corp (MM)

Innovative Offering Enhances Distribution for Asset Managers, Enables Transparency and Customer Advocacy ATLANTA and JERSEY CITY, N.J., March 15 /PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR) today announced that Clearbrook Financial, LLC, a financial solutions provider to the institutional investment community, has selected CheckFree APL(SM) to provide advanced portfolio accounting for the Clearbrook Investment Management Platform. Selected because of the proven connectivity, scalability and functionality of its APL platform, CheckFree has been deployed in Clearbrook Financial's North American operations as an integral component of its institutional asset management offering. By incorporating CheckFree APL into its open architecture portal platform, Clearbrook Financial is able to offer advanced portfolio performance measurement to enable transparency, promote client advocacy and streamline new business processes. The Clearbrook Financial platform offers a single point of entry to best-in-class investment management services while facilitating end- to-end operational efficiency. The system also incorporates customer clearing capabilities, billing and a web-based work station that enables institutional investors to cull through a broad collection of managers and investment styles and monitor multiple portfolios, either for themselves or for their clients. "Clearbrook chose CheckFree APL after a thorough evaluation of the prominent vendors," said John Morris, Chief Executive Officer of Clearbrook Financial. "We came to the conclusion that by integrating CheckFree APL into our Investment Management Platform, we can leverage the most efficient performance reporting engine in the industry to provide our sponsors with unparalleled portfolio performance measurement. In addition, we will be well poised to migrate to CheckFree EPL(SM), the next generation platform, as it is rolled out." Morris further noted the widespread use of CheckFree APL by numerous money managers and separate account managers, many of whom participate in Clearbrook Financial's platform, as a significant benefit. "CheckFree's proven track record of success in providing a platform with broad access to industry participants helps us grow our business using a common operating protocol platform for Separately Managed Accounts. CheckFree APL allows us to offer managers participating in our business a platform that is familiar, efficient and enables them to easily interface with us and the custodian." Clearbrook Financial is an advocate of the transition of CheckFree APL to its next generation platform, CheckFree EPL (Enhanced Portfolio Lifecycle), which Clearbrook views as a complementary fit to its open architecture operating model. CheckFree EPL is web-based and is being developed using Microsoft .NET technology to deliver superior business, operational and cost efficiencies to broker/dealer firms, money managers and registered investment advisors. "Forward-thinking customers such as Clearbrook recognize CheckFree Investment Services' years of commitment and experience in the industry, and the value of this vision combined with investments in technology advancement as APL clients move to EPL," noted Alex Marasco, executive vice president and general manager at CheckFree Investment Services. "As Clearbrook Financial continues to expand its integrated, state-of-the-art platform, CheckFree APL and EPL will provide the scalability, connectivity and functionality required to grow with its business. We anticipate the evolution to the next level of technology to enable performance, transparency and client advocacy to benefit investor clients. We are proud to partner with such a market innovator and welcome them as a participant on the CheckFree platform." CheckFree APL delivers an innovative, advanced Separately Managed Accounts platform that provides remote processing services to sponsor firms, money managers and financial advisors for the automation of investment management, trading, portfolio performance and investor reporting. CheckFree's platform enables approximately 100 of the top Wall Street sponsor firms and 150 separate account managers to interface with each other, and operate in a straight-through processing environment. Institutional money managers also use CheckFree APL to enter and maintain account data, manage trades and measure portfolio performance. About Clearbrook Financial, LLC Clearbrook Financial, LLC, provides an investment management platform to institutional investors, advisors and financial intermediaries, and is dedicated to creating an innovative, client focused model for the delivery of financial services that empowers clients with choice, precision and control. Clearbrook Financial is committed to advancing the standards by which financial services are packaged and delivered, offering the next evolution of technology to enable transparency and client advocacy. Clearbrook Financial enables its customers to reintroduce scale to their businesses by providing a truly end-to-end investment management platform incorporating services, access, tools and analytics. For more information, please visit http://www.clearbrookfinancial.com/. About CheckFree (http://www.checkfreecorp.com/) Founded in 1981, CheckFree Corporation (NASDAQ:CKFR) provides financial electronic commerce services and products to organizations around the world. CheckFree Electronic Commerce solutions enable thousands of financial services providers and billers to offer their customers the convenience of receiving and paying their household bills online or in person through retail outlets. CheckFree Investment Services provides a broad range of investment management solutions and outsourced services to thousands of financial services organizations, which manage about $1.3 trillion in assets. CheckFree Software develops, markets and supports software applications that are used by financial institutions to process more than two-thirds of the 12 billion Automated Clearing House transactions in the United States. The division also provides operational risk management, financial messaging, corporate actions, and regulatory compliance software to more than 1,500 organizations across the globe. Certain of CheckFree's statements in this press release are not purely historical, and as such are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements regarding management's intentions, plans, beliefs, expectations or projections of the future. Forward-looking statements involve risks and uncertainties, including without limitation, the various risks inherent in CheckFree's business, and other risks and uncertainties detailed from time to time in CheckFree's periodic reports filed with the Securities and Exchange Commission, including CheckFree's Annual Report on Form 10-K for the year ended June 30, 2005 (filed September 2, 2005), Form 10-Q for the quarter ended September 30, 2005 (filed November 8, 2005), and Form 10-Q for the quarter ended December 31, 2005 (filed February 8, 2006). One or more of these factors have affected, and could in the future affect CheckFree's business and financial results in future periods, and could cause actual results to differ materially from plans and projections. There can be no assurance that the forward-looking statements made in this press release will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by CheckFree, or any other person, that the objectives and plans of CheckFree will be achieved. All forward-looking statements made in this press release are based on information presently available to management, and CheckFree assumes no obligation to update any forward-looking statements. DATASOURCE: CheckFree Corporation CONTACT: Media, Judy DeRango Wicks, +1-678-375-1595, or , or Investors, Tina Moore, +1-678-375-1278, or , both of CheckFree Corporation Web site: http://www.checkfreecorp.com/ http://www.clearbrookfinancial.com/

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