Systems & technology

 - 2010 Calypso User Survey reveals implementation quality and costs as top success factor for projects

A New Report From Aite Group

Large IT Services Vendors are on a Collision Trajectory with U.S. Core Banking Processors

A new report from Aite Group, LLC provides a map of 26 IT service providers serving the global banking industry. The report reviews vendors' presence from a geographic, service and banking area standpoint, and highlights key factors of revenue performance in IT services.

Oracle Corporation (NASDAQ: ORCL) and Sun Microsystems (NASDAQ: JAVA) announced today they have entered into a definitive agreement under which Oracle will acquire Sun common stock for $9.50 per share in cash. The transaction is valued at approximately $7.4 billion, or $5.6 billion net of Sun’s cash and debt. “We expect this acquisition to be accretive to Oracle’s earnings by at least 15 cents on a non-GAAP basis in the first full year after closing.

CheckFree, now part of Fiserv, Inc. (NASDAQ: FISV), a leading provider of information technology services to the financial industry, today announced that a leading European asset manager has gone live with its post-trade processing solution, CheckFree TradeFlow, for OTC Derivatives. The implementation extends the existing CheckFree TradeFlow deployment for securities, foreign exchange and money markets, enabling the firm to create a single, integrated, post-trade processing platform across all asset classes.

Dutch Pension Fund Mn Services Live on Collateral Management Offering

Omgeo, the global standard for post-trade efficiency, today announced the availability of its counterparty risk management solution, comprised of Omgeo ProtoColl (formerly Allustra Kyros), the firm’s automated collateral management offering, and Omgeo CrossCheck (formerly GEM’s FpML Mediator technology), which provides automated portfolio reconciliation.