SunGard To Build Out Infrastructure for TransactionNetwork; Global Network Will Support...

Business Editors/Hi-Tech Writers

WAYNE, Pa.--(BUSINESS WIRE)--Dec. 13, 2000

SunGard (NYSE:SDS) today announced its intention to build out a secure, global network infrastructure to support the SunGard Transaction Network (STN), its e-business network linking buy-side and sell-side financial

As part of this initiative, SunGard will seek to consolidate spending on telecommunications, which amounts to over $50 million annually.

The network infrastructure will be a TCP/IP network available to financial intermediaries, institutional investors, and corporate and government treasuries. It will replace existing point-to-point and Internet connections and will link SunGard customers to SunGard application services and to each other, thereby automating the information flows between participants in the financial services marketplace.

SunGard customers will connect to the network seamlessly from their SunGard application and through gateways based on SunGard's business integration technology, which supports industry standard financial protocols, including FIX, S.W.I.F.T., and XML. The network will also enable SunGard customers to connect to the world's leading exchanges and to route transactions to the GSTPA's Transaction Flow Manager and to the S.W.I.F.T. network.

The network will be managed by SunGard eSourcing, an operating unit which provides Web hosting, co-location and Internet services to SunGard's financial services customers. SunGard is one of the world's leading providers of business continuity and Internet services and operates over 800,000 square feet of hardened facilities in North America alone.

Dushyant Shahrawat, analyst at TowerGroup, stated, "Secure financial networks that seamlessly connect industry participants and serve as a platform to deploy products and services have a great future ahead of them. These networks help trade participants automate their trade processes and support internal and external STP efforts currently underway in the industry. While there are firms with similar ambitions, SunGard has the unique ability to not only build such a network but also leverage it to connect its vast product line."

Cris Conde, SunGard's president, commented, "SunGard has the financial strength, track record, and operational excellence in high-availability infrastructure required to operate a secure, 24/7, e-business network for the financial services industry. The SunGard Transaction Network is one of SunGard's strategic initiatives. Thousands of financial services institutions have implemented SunGard's best-of-breed processing systems. Now, with SunGard's global network infrastructure and business integration technologies, we can connect these processes into an e-business network. The value is in the network."

About SunGard

SunGard (NYSE:SDS) is a global leader in integrated IT solutions and eProcessing for financial services. SunGard is also the pioneer and a leading provider of high-availability infrastructure for business continuity. With annual revenues in excess of $1 billion, SunGard serves more than 10,000 clients in over 50 countries, including 47 of the world's 50 largest financial services institutions. Visit SunGard at www.sungard.com.

Trademark Information: SunGard and the SunGard logo are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries.