CheckFree Delivers Advanced GIPS Performance Measurement with the Release of CheckFree CALiPER 3.0
May 09 2006 - 10:00AM
PR Newswire (US)
ATLANTA and JERSEY CITY, N.J., May 9 /PRNewswire-FirstCall/ --
CheckFree Corporation (NASDAQ:CKFR) today announced the
availability of CheckFree CALiPER(TM) 3.0, a stand-alone
performance calculation and reporting engine servicing the broker
dealer and retail financial markets. CALiPER 3.0 allows investors
to view and run calculations to measure the performance of their
portfolios, while also providing advisors the ability to pull
cumulative performance data on millions of accounts daily. Now
ported to Oracle Database 10G to provide enhanced scalability,
CALiPER 3.0 simplifies the complexity of supplying essential Global
Investment Performance Standard (GIPS) return content directly to
individual investors, asset managers and broker desktops,
delivering superior speed and flexibility to calculate performance
daily on millions of accounts. The CALiPER product was added to the
CheckFree Investment Services product line when the company
acquired Integrated Decision Systems (IDS) in September 2005.
CALiPER 3.0 rapidly analyzes massive volumes of data to quickly
calculate and publish company-wide performance content directly to
authorized users. Offering an improved Extract-Transform-Load (ETL)
tool to enable faster data loads, CALiPER 3.0 enables users to
import and automatically validate extremely high-volumes of
security, account, transaction, benchmark and index data at
exceptionally fast speeds. The high-volume, high-throughput
solution is scalable from 300,000 to millions of accounts and
provides accurate GIPS compliant, Time Weighted (daily, monthly,
combined) and Money Weighted (Internal Rate of Return) performance
returns for accounts, households, and composites. CALiPER 3.0
offers an open architecture database for seamless integration with
any third party report writer or publishing package, quickly and
easily delivering performance reports to users throughout the
organization and their clients. "CheckFree CALiPER stands as the
premier in-house performance reporting engine available to
calculate millions of accounts in a nightly cycle," said Alex
Marasco, executive vice president and general manager at CheckFree
Investment Services. "By providing complete measurement of daily,
monthly and combined performance at multiple user-defined levels
via a web interface, we are now able to provide our clients the
flexibility and scalability they require to effectively access,
analyze and report on critical investment data." CALiPER provides a
seamless interface to portfolio accounting and brokerage/trust
systems. The solution runs on UNIX (Solaris or AIX) and ORACLE
relational database. CALiPER will continue to be supported as a
stand-alone performance reporting engine and will complement the
CheckFree product line which includes CheckFree APLSM, GIM(R) and,
coming in 2007, CheckFree EPLSM. CheckFree EPL is a web-based,
configurable portfolio management platform that will support all
investment products and new instruments, including multi- currency.
CheckFree EPL will drive efficiencies and growth through workflow
and streamlined data exchange and reconciliation between managers
and sponsors. 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: Judy DeRango
Wicks, Media Relations, +1-678-375-1595, or ; or Tina Moore,
Investor Relations, +1-678-375-1278, or , both of CheckFree
Corporation Web site: http://www.checkfreecorp.com/
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