Loomis Sayles Selects CheckFree eVent for Corporate Actions Processing in North America
18 Junho 2007 - 11:00AM
PR Newswire (US)
ATLANTA and NEW YORK, June 18 /PRNewswire-FirstCall/ -- SIFMA 2007
Technology Management Conference Booth 401A -- CheckFree
Corporation (NASDAQ:CKFR), today announced that Loomis, Sayles
& Company L.P. has selected the CheckFree eVent(TM) solution to
deliver automated corporate actions processing, potentially
reducing its operational risk and improving the efficiency of
processing for Loomis Sayles' asset management clients. By
automating this area of operations via CheckFree eVent, the firm
intends to minimize the risk in processing events related to their
portfolios, mainly located in North America. The CheckFree eVent
solution will replace a largely manual process at Loomis Sayles, an
investment management firm based in Boston with approximately $105
billion in assets under management. With the deployment of
CheckFree eVent, which is scheduled to go live later this year,
Loomis Sayles will offer its clients post-trade securities
processing using two CheckFree solutions that leverage a common
architecture. Loomis Sayles is already supported by the CheckFree
TradeFlow(TM) solution that was deployed for settlement instruction
processing of cash securities and foreign exchange. "We selected
CheckFree eVent to automate our corporate actions processing for
several reasons, including the company's outstanding customer
references, in-depth product functionality and proven ability to
collaborate and deliver the project within our time frame," said
Steve Chittenden, vice president & director of investment
operations, Loomis Sayles. "The ability to begin testing
announcement messages from our custodian banks only a month after
signing our agreement with CheckFree is a clear demonstration of
their qualifications to meet our timetable for implementation.
Furthermore, CheckFree's proactive and practical approach to
deploying evolving market standards in a live operational
environment has been excellent, helping us to address these
challenging industry issues." "We are pleased that one of the
world's premier investment management firms has decided to select
and implement CheckFree eVent to process its corporate actions,"
said Gary Mercer, vice president, global product development,
CheckFree Software. "Our solution is designed to help reduce Loomis
Sayles' operational risk associated with processing corporate
actions, and help them become more efficient, which is central to
CheckFree's Applied Operational Intelligence SM approach to doing
business with all of its clients." CheckFree eVent has achieved the
B.I.S.S. Research Gold Accreditation for corporate actions systems
for four consecutive years, which demonstrates CheckFree's strong
commitment to technology leadership and strength of business
functionality in the corporate actions space. The solution, which
has strong financial messaging capabilities, a fundamental
component of delivering a corporate actions solution, has also
achieved the SWIFTReady Gold accreditation for nine consecutive
years. CheckFree's Applied Operational Intelligence(SM) approach
helps clients drive profitability and performance by combining
innovative software, proven expertise and business intelligence.
This approach is built on CheckFree's core competencies of
corporate actions processing, transaction process management,
reconciliation, exception management, payments processing, and risk
management and compliance. About CheckFree eVent CheckFree eVent is
a modular, workflow-driven solution that allows custodians,
broker/dealers, investment houses, fund managers and third-party
administrators to minimize corporate actions risk. The solution
enables companies to also contain costs and improve customer
service by providing better information, avoid losses and increase
efficiency and scalability. For more information about CheckFree
eVent(TM) and other products visit
http://www.checkfreesoftware.com/. About Loomis, Sayles &
Company (http://www.loomissayles.com/) Since 1926, Loomis, Sayles
& Company, L.P., has served the investment needs of
institutional and mutual fund clients. This rich tradition has
earned Loomis Sayles the trust and respect of clients worldwide,
for whom it manages more than $105 billion in equity and fixed
income assets, as of March 31, 2007. 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 the convenience of
receiving and paying household bills online, via phone or in person
through retail outlets. CheckFree Investment Services provides a
broad range of investment management solutions and outsourced
services to hundreds of financial services organizations, which
manage about $1.8 trillion in assets. CheckFree Software develops,
markets and supports payment processing solutions that are used by
financial institutions to process more than two-thirds of the 14
billion Automated Clearing House transactions in the United States,
and supports reconciliation, exception management, risk management,
transaction process management, corporate actions processing, and
compliance within thousands of organizations worldwide. Certain of
the Company'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 the Company's business,
and other risks and uncertainties detailed from time to time in the
Company's periodic reports filed with the Securities and Exchange
Commission, including the Company's Annual Report on Form 10-K for
the year ended June 30, 2006 (filed September 8, 2006), Form 10-Q
for the quarter ended September 30, 2006 (filed November 8, 2006),
Form 10-Q for the quarter ended December 31, 2006 (filed February
8, 2007), and Form 10-Q for the quarter ended March 31, 2007 (filed
May 10, 2007). One or more of these factors have affected, and
could in the future affect the Company'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 the
Company, or any other person, that the objectives and plans of the
Company will be achieved. All forward-looking statements made in
this press release are based on information presently available to
management, and the Company assumes no obligation to update any
forward-looking statements DATASOURCE: CheckFree Corporation
CONTACT: Media relations, Judy DeRango Wicks, +1-678-375-1595, ; or
Investor relations, Tina Moore, +1-678-375-1278, , both of
CheckFree Corporation Web site: http://www.checkfreecorp.com/
http://www.checkfreesoftware.com/ http://www.loomissayles.com/
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