ESPOO, Finland, Feb. 4, 2002 (PRIMEZONE) -- TietoEnator-owned Eumetrix has signed a general agreement with Nordea Asset Management AB regarding the delivery of the fund system ECM (Eumetrix Client Manager) and pertaining consultancy services. The agreement is valid for several years. The first project has been started and concerns an implementation of the system with Nordea's Nordic operations.
The fund system ECM is developed for the pan-European fund market where high demands are placed on large volumes, scalability and flexibility. The system is also adapted to handle all the European languages, currencies and legal requirements.
- The general agreement with Nordea is evidence that our systems match the rapid IT development in the banking market. ECM is a well-tried fund system that enables our customers to build up their operations in several countries on one and the same platform, says Torbjorn Jonsson, MD of Eumetrix, the company within TietoEnator Banking and Finance that has signed the agreement.
In addition to the main system ECM, the general agreement also includes a module called ECM Hedge for the handling of hedge funds as well as the analysis tool ECM Dimension.
Eumetrix supplies software to the fund industry and is a part of TietoEnator Banking and Finance. The services of TietoEnator Banking and Finance are based on a strategic partnership with the customers. Banking and Finance's solutions business concentrates on key technologies and the goal is, via Europe, to be a global e-finance solutions provider. In addition to client management systems and portfolio administration systems, TietoEnator Banking and Finance also commands strong expertise in net banking solutions, payment systems and selected capital market solutions. TietoEnator Banking and Finance operates in 11 different countries with a network of over 1800 experts and over 300 customers.
TietoEnator is the leading partner for the banking, insurance and finance sector in Northern Europe.
With over 10,000 employees and annual net sales of EUR 1.1 billion, TietoEnator is a leading supplier of high value-added IT services in Europe. TietoEnator specialises in consulting, building and hosting its customers' business operations in the digital economy. The Group's services are based on a combination of deep industry-specific expertise and latest information technology. www.tietoenator.com
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