Charles River Development Leverages Sybase ASE for Its Investment Management Solutions

SYNOPSIS: Announcing a new partnership between Sybase and Charles River Development (Charles River) which will enable Charles River to develop its award-winning software suite for the institutional investment managers on Sybase's high performance Adaptive(R) Server Enterprise (ASE). 


DUBLIN, Calif., Sept. 27  /PRNewswire-FirstCall/ -- Sybase, Inc. (NYSE:SY), a leading provider of enterprise infrastructure and mobile software, today announced a partnership that provides investment managers with the option to leverage the Sybase Adaptive Server Enterprise data management platform when deploying the Charles River Investment Management System (Charles River IMS).  Through the partnership, Charles River, a leading provider of financial software and consulting services to the global investment management community, will develop its software suite on Sybase ASE.  The Charles River IMS suite provides capabilities for "what if analysis" and portfolio rebalancing straight through to electronic order execution and trade settlement.

"Our partnership with Sybase financial services solutions helps us meet our customers' requirements for high performance, maximum security, high availability and reliability," said Robert Hathaway, vice president of engineering, at Charles River.

"Financial institutions are relying heavily on their data management platforms to support the multiple trading applications in their competitive environment," said Larry Tabb, founder and CEO, The Tabb Group.  "The demands require a highly scalable platform facilitating easy, reliable, and efficient integration."

"Today, global financial institutions are challenged with meeting new government standards, compliance issues and audit demands," said Chandra Stevens, head of strategic alliances for Financial Services Solutions at Sybase.  "Firms like Charles River provide the solutions they require to streamline and automate operations, maintain compliance, and trade in a global, electronic 24X7 environment. Partnering with Charles River Development demonstrates our continued commitment to our loyal customers who depend on Sybase and ensures that they have best-of-breed application options."

About Charles River Development

Charles River Development (http://www.crd.com/) is a market-leading provider of software and services to over 170 investment managers in the global mutual fund, banking, pension, hedge fund, wealth management and insurance industries.  Founded in 1984 and privately held, Charles River maintains primary offices in Burlington, MA, London, Melbourne, Paris and Singapore.

About Sybase, Inc.

Sybase is the largest global enterprise software company exclusively focused on managing and mobilizing information from the data center to the point of action. Sybase provides open, cross-platform solutions that securely deliver information anytime, anywhere, enabling customers to create an information edge.  The world's most critical data in commerce, communications, finance, government and healthcare runs on Sybase.  For more information, visit the Sybase Web site: http://www.sybase.com/ .

NOTE:  Sybase and Adaptive Server Enterprise are registered trademarks or trademarks of Sybase, Inc. or its subsidiaries. (R) indicates registration in the United States of America. All other company and product names mentioned may be trademarks of the companies with which they are associated. 

DATASOURCE: Sybase, Inc.



CONTACT:  Joan Fronske of Sybase, Inc., [phone], or

; or Ruth Busbee of Citigate Cunningham, [phone], or

, for Sybase, Inc.



Web site:  http://www.crd.com/ 

Web site:  http://www.sybase.com/ 

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