| [August 21, 2008] |
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STANLIB Limited Selects Kurtosys For Client Reporting
LONDON --(Business Wire)-- The Managed Service Platform from Kurtosys will provide a fully hosted and secured environment which automates data aggregation, report calculation, report generation (valuations and performance), report presentation and distribution through a white labelled web portal.
For STANLIB's Chief Technology Officer, Shawn Smith, the short implementation time and technology outsourcing will allow STANLIB to focus on operational efficiencies by automating administrative processes.
Mr. Smith said "We are delighted to be working with Kurtosys who have an end to end solution for institutional client reporting. Our commitment to providing our clients with the highest quality client reports that are delivered through a customized web portal meant that choosing the Kurtosys solution was an easy choice. They have proven capabilities and their solution is configured from a standard product. We also needed a company that was able to provide us with a strong service level commitment and thought leadership in terms of best practice standards for reporting. Kurtosys is now part of our infrastructure and a core service partner."
Mash Patel, Kurtosys's CEO, said "We are pleased to have the opportunity to engage with STANLIB, a Company who was recognized as the Best Asset Manager in South Africa by the South African investment community. We believe that selection by STANLIB is further validation that customers want a turnkey service solution and not another software provider."
About Kurtosys Systems Inc.
With offices in New York and London and customers in the U.S., UK, Switzerland, South Africa and Australia, Kurtosys provides an end to end solution for data aggregation, business workflow, report creation and client reporting through secure web portals.
About STANLIB LTD
STANLIB has over 400,000 individuals as clients and also manages assets on behalf of Liberty Life policyholders and a growing number of third parties including government related, parastatal and corporate pension funds as well as provincial governments, municipalities and medical aid schemes. Today STANLIB manages assets of over R340 billion (31/12/2007), making it the 3rd largest manager of investments in South Africa.
http://www.Kurtosys.com
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