SunGard, Intel and Microsoft Collaborate on First 64-Bit eProcessing Solution for Financial Services

NEW YORK, June 21, 2000 — Today at the Securities Industry Association’s Technology Management Conference and Exhibit, SunGard, Intel Corporation and Microsoft Corp. announced a joint collaboration on the first 64-bit eProcessing solutions for the financial industry that will run on a 64-bit version of the Microsoft® Windows® operating system and 64-bit Intel Architecture (IA-64) Intel® Itanium™ processor-based systems. The companies also announced the availability of the first 64-bit eProcessing solution — SunGard’s Panorama™
, an enterprise solution for integrated trading and risk management. Panorama based on IA-64 is slated to deliver the fastest risk-management performance to date for the management of large financial portfolios.

In addition, SunGard, Microsoft and Intel are working to optimize a number of other industry-leading SunGard solutions to run on IA-64 -based systems. These high-performance applications are designed to address industry trends such as more rapid T+1 trade settlement, the move to decimal-based trading, increasing market volumes and 24-hour, seven days-per-week trading.

“Thousands of financial services institutions have implemented our best-of-breed applications,”
said Jim Ashton, CEO of SunGard Trading and Risk Systems.
“With our focus on integrating these applications to provide Internet-enabled eProcessing solutions, SunGard is ready to take advantage of the high performance and scalability of 64-bit Windows running on Intel Itanium processor-based systems. For applications such as Panorama, the combination of 64-bit Windows and the Itanium processor provides a truly compelling next-generation platform.”

eProcessing and Panorama: Pushing the Limits of Technology

The Internet has changed the landscape of the financial-services industry and demands a new breed of powerful hardware and software. SunGard, with the collaboration of Intel and Microsoft, is leading the way in providing new scalable and reliable eProcessing solutions. SunGard offers customers straight-through processing solutions for the key transaction flows in the life cycle of financial trades, from order execution to confirmation and settlement.

Panorama, as well as SunGard’s other performance-intensive eProcessing solutions, will benefit from the industry’s new 64-bit technology. In 1999, Panorama was awarded the Microsoft Industry Solutions Award in Financial Services for best portfolio management system. Improved performance and addressable memory will allow Panorama users to more rapidly capture, analyze and perform risk analysis on firmwide financial data.

64-Bit Windows and Intel Itanium Processors

The 64-bit Windows operating system running on Intel Itanium processors allows extremely large amounts of data to be processed more efficiently. With 64-bit Windows, applications can preload substantially more data into memory for rapid access by the IA-64 processor. This reduces the time for loading data into virtual memory or for seeking, reading and writing to data storage devices, making applications run faster and more efficiently.

The 64-bit Windows platform is a native 64-bit operating system based on Windows. It is designed to address the most demanding business needs of today’s Internet-based world, including e-commerce, data mining, online transaction processing, memory-intensive high-end graphics, complex mathematics and high-performance multimedia applications. Final system requirements, pricing and packaging have yet to be announced. More information on 64-bit Windows can be found at .

The Itanium processor is the first in a family of IA-64 processors from Intel. Intel’s Itanium processor will complement today’s Intel Pentium® III processor and Pentium® III Xeon 32-bit processor families with new features for high-end scalability, performance and large memory addressability. With this capability, users and IT managers within the financial services industry will be able to perform greater levels of analysis by reaping the performance benefits of Itanium processor-based systems running 64-bit Windows. More information on the Itanium processor is available at .

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. More information about SunGard is available at .

About Intel

Intel, the world’s largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at .

About Microsoft

Founded in 1975, Microsoft (Nasdaq
) is the worldwide leader in software, services and Internet technologies for personal and business computing. The company offers a wide range of products and services designed to empower people through great software — any time, any place and on any device.

Microsoft and Windows are either registered trademarks or trademarks of Microsoft Corp. in the United States and/or other countries.

SunGard, the SunGard logo and Panorama are trademarks or registered trademarks of SunGard Data Systems Inc. in the United States and other countries.

The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

Note to editors: If you are interested in viewing additional information on Microsoft, please visit the Microsoft Web page at on Microsoft’s corporate information pages.

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