Toronto, April 27, 2006 -- Desjardins Financial Security announces that it has completed the implementation of SunGard´s iWORKS COMPASS in its group retirement savings enterprise network, SunGard´s enterprise group benefit administration system.
With COMPASS, Desjardins Financial Security will be able to further facilitate the development of online management and investment solutions. And, the platform will help solidify the overall improvement of the company's group retirement savings offering.
"Desjardins Financial Security selected COMPASS as a 'single-source' solution to help enhance our service offering to our group retirement savings clients," said Monique Tremblay, senior vice-president of Savings and Segregated Funds for Desjardins Financial Security. "The implementation of COMPASS will help us to support our commitments to our clients and reinforce our national growth strategy in the Canadian group retirement savings market. It will help ensure that our services remain innovative and tailored to our clients' respective needs."
Desjardins Financial Security partnered with SunGard throughout 2005 to develop COMPASS as its new technology and administrative platform. The synergy between the two companies helped ensure that the system was implemented in record time and allowed for new business to be added to the system.
"We are pleased to support Desjardins Financial Security in its rapid implementation of existing business and introduction of new group retirement products," said Greg Webber, president of SunGard's iWORKS business unit. "Desjardins Financial Security is a valuable and respected strategic partner. We look forward to a continuing long-term relationship."
About Desjardins Financial Security
Desjardins Financial Security, a subsidiary of Desjardins Group, the largest integrated cooperative financial group in Canada, specializes in life and health insurance, as well as savings products and services. Every day over 5 million Canadians rely on Desjardins Financial Security to ensure their financial security. The Company, which employs 3,659 people and has over $17 billion in assets under management, has offices in several cities across Canada, including Vancouver, Calgary, Winnipeg, Toronto, Ottawa, Montreal, Quebec, Levis and Halifax.
About iWORKS
SunGard iWORKS is a business-driven IT product family for the insurance industry in each of the following major business lines: life/health/annuities/pensions, property and casualty and reinsurance. iWORKS offers a range of products and services including front-office tools, policy administration, reinsurance, actuarial calculations, financial accounting, investment accounting, and reporting. SunGard partners with customers to deliver products and services that aligns with changing business and regulatory needs.
www.sungard.com/iWORKS
About SunGard
With annual revenue of $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world´s 50 largest financial services companies. Visit SunGard at www.sungard.com.
Trademark Information: SunGard, the SunGard logo, iWORKS and COMPASS are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
Media Contacts:
Shannon Bowness Patti Frese
Desjardins Financial Security SunGard
416-926-2700 ext. 2015 (305) 646-5366
shannon.bowness[at]dfs.ca patti.frese[at]sungard.com