Infinity Announces Q1 Licensing Agreements; Demonstrates Accelerated Momentum Across Europe, the Americas and Asia-Pacific as Clients Standardize on Infinity Solutions for Trading and Risk Management.

Infinity Announces Q1 Licensing Agreements; Demonstrates Accelerated Momentum Across Europe, the Americas and Asia-Pacific as Clients Standardize on Infinity Solutions for Trading and Risk Management.

MOUNTAIN VIEW, Calif., April 27 /PRNewswire/ -- Infinity, a SunGard company (NYSE: SDS), today announced that it signed new licensing agreements with companies across Europe, the Americas and Asia-Pacific during the first quarter 1998. The growing roster of Infinity clients demonstrates the accelerated momentum of the company following its formation in January as a result of the merger of Infinity Financial Technology, Renaissance Software and SunGard Capital Markets. During Q1, Infinity signed contracts with Banco di Roma, Banca Nazionale del Lavoro, Hydro-Quebec, Santander Investment, Saudi International Bank and Shinhan Bank, among others. Infinity develops enterprise applications for trading, risk management and operations. "Infinity provides the products, the support and the vision that financial organizations are seeking. We supply out-of-the-box, Euro-compliant, Year 2000-tested solutions that customers demand today while at the same time addressing long-term strategic issues, such as fully integrated front-to-back trading and risk management and globalized cross-asset markets," said Roger Lang, chief executive officer of Infinity. "We are committed to helping customers improve their market competitiveness by enabling them to innovate with leading-edge technology, to streamline their business operations and to develop and deploy global enterprise systems." Infinity's customers are using Infinity applications for trading, risk management and operational activities across the enterprise. The Infinity product family includes Panorama, Infinity 7, Infinity Forex, The Devon System and Opus. "Our Infinity-based system will form the backbone of the Bank's firmwide risk management activities, including market risk, credit risk and asset liability management," said Edward Hoofnagle, vice president and director for Santander Investment. "Our goal is to enhance satisfaction, productivity and results by delivering world-class applications on a powerful platform." Santander Investment's global risk management system is in production in New York and is currently being rolled out to Madrid. Over the next 12-16 months the system will be implemented in Mexico City, Venezuela, Brazil, Chile, Argentina, London, Portugal, Hong Kong and Manila. The system will be used to perform VaR (Value-at-Risk) calculations on a portfolio of fixed income derivative products, stress testing and scenario analysis throughout the Bank's primary dealing centers in the financial markets, with a special focus on emerging markets. Building on Strong Performance The company's success in the first quarter of this year builds on strong performances by Infinity Financial Technology, Renaissance Software and SunGard Capital Markets in the fourth quarter of 1997. During the Q4 1997, new licensing agreements were signed with organizations that included American Express Bank, Credit Agricole Indosuez, Korean Long Term Credit Bank, Nissho Iwai, Sanwa Securities, The Korean Development Bank and United Bank of Kuwait, among others. Korean Long Term Credit Bank is using Infinity's applications for front- office trade pricing and capture, trade processing and desk-level portfolio market risk analysis at the Bank's headquarters in Seoul. The Bank will use the system to process interest rate and FX derivatives, FX/money market instruments and bonds. About Infinity Infinity, a SunGard company, provides enterprise applications for trading, risk management and operations. Its customers are banks, asset managers, corporates and government treasuries of every size, geographic spread and operational complexity. Only Infinity's adaptable applications integrate all the trading, risk management and operations activities of the enterprise, developed and supported by the world's largest team of financial software experts. SunGard Data Systems Inc. is the largest specialized provider of proprietary investment support systems, a pioneer and leading provider of comprehensive computer disaster recovery services and a provider of proprietary healthcare information systems. Infinity can be reached at http://www.infinity.com. Infinity, the Infinity logo, Panorama, Infinity 7, Infinity Forex, The Devon System and Opus are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and foreign countries. All other trade names are trademarks or registered trademarks of their respective holders.