/C O R R E C T I O N -- SunGard/


NEW YORK, October 6 /PRNewswire/ --     
In the news release, "SunGard Wins Special Recognition for SOA Achievements" 
issued on 6 Oct 2008 13:30 GMT, by SunGard  over PR Newswire, we are 
advised by a representative of the company that the second paragraph, last 
sentence should read, "For example, SunGard's Ambit Liquidity Manager 
combines cash management and reconciliation components based on existing 
solutions for an integrated, real-time view of liquidity and risk." rather 
than, "For example, SunGard's Ambit Liquidity Manager combines cash 
management and reconciliation components from SunGard's AvantGard and STeP 
solutions." as originally issued inadvertently.
Complete, corrected release follows:



SunGard has been recognized by the SOA Consortium and CIO Magazine for
having successfully delivered business value through its Common Services
Architecture (CSA), a vendor-agnostic service oriented architecture (SOA)
based on mainstream open standards. The SOA Case Study Competition determined
that SunGard's CSA has helped to enhance customer satisfaction by
facilitating a higher volume of software solutions delivered, greater
efficiencies in delivering those solutions, and increased compatibility for
integrating with customers' SOA environments.

SunGard's CSA fosters the organization of software assets, code re-use
and the development of composite applications. SunGard is successfully using
CSA to leverage, repackage and augment core functionality across its software
offerings in order to deliver composite applications to its customers. For 
example, SunGard's Ambit Liquidity Manager combines cash management and 
reconciliation components based on existing solutions for an integrated, 
real-time view of liquidity and risk.

"In capital markets, more than half of IT spending is allocated to
in-house development of custom applications," said Adam Honoré, senior
analyst at Aite Group. "SunGard is aiming to give in-house IT developers a
head start by opening up its architecture and providing components to help
them build composite applications."

SunGard Financial Systems is pursuing a visionary initiative to transform
some of the key functionality of its core systems into components to form a
new software development and on-demand delivery environment called Infinity.
Infinity enables financial institutions to develop and deploy custom
applications, integrating SunGard components with their own proprietary or
third party components. Infinity uses SunGard's Common Services Architecture
(CSA), a service-oriented architecture (SOA) development framework, offering
business process management (BPM) and a virtualized, software-as-a-service
(SaaS) infrastructure

Darren Wesemann, chief technology officer for SunGard's Financial Systems
business, said, "Our customers want solutions that solve real business needs.
SunGard's breadth of applications coupled with an SOA methodology helps
enable flexible delivery of composite solutions. SunGard's Infinity and CSA
help map these solutions to the evolving business processes and changing
needs of our customers. This capability helps reduce costs, streamline
runtime environments, enhance visibility, improve accuracy and reduce
operational risks."

"The goal of the SOA Case Study Competition was to highlight business
success stories and lessons learned to provide proof points and insights for
other organizations considering or pursuing SOA adoption," said Richard Mark
Soley, Ph.D., executive director, SOA Consortium. "From the many excellent
submissions we received, the judging panel chose SunGard for Special
Recognition in Technology for clearly demonstrating that SOA can be
beneficial to the business, both through business and technical agility and
ultimately through customers' satisfaction."

To qualify for the SOA Case Study Competition, the SOA project must have
been completed with demonstrated business results. Entries were judged on the
complexity of the business problem addressed, the ROI/Business Value achieved
(Agility/Innovation/Flexibility), the level and sophistication of the
cross-organizational collaboration (Business/Technical) and the usage of SOA
approaches and supporting technology.
http://www.soa-consortium.org/press-releases/09-24-2008.htm

About CSA

CSA represents a new paradigm for collaborative software development
within SunGard. CSA is two things. First, it is a collaborative development
process-a way of creating software that allows SunGard product development
teams around the world to share, contribute to, and leverage, each other's
work. Second, it is a technology framework-a vendor-agnostic service oriented
architecture (SOA), based on mainstream open standards, that enables discrete
components from SunGard's product portfolio to be plugged together to form
configurable, composite applications.

About SunGard

With annual revenue of US$5 billion, SunGard is a global leader in
software and processing solutions for financial services, higher education
and the public sector. SunGard also helps information-dependent enterprises
of all types to ensure the continuity of their business. SunGard serves more
than 25,000 customers in more than 50 countries, including the world's 50
largest financial services companies. Visit SunGard at www.sungard.com.

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

For more information, please contact:
    Adriana Senior
    SunGard
    Tel: +1-718-578-1130
    adriana.senior@sungard.com

    Web site: http://www.sungard.com
              http://www.soa-consortium.org/press-releases/09-24-2008.htm



© PR Newswire Association LLC.

News archive

Subscribe to AfterDawn's weekly newsletter.