ATLANTA and JERSEY CITY, N.J., May 9 /PRNewswire-FirstCall/ -- CheckFree Corporation today announced the availability of CheckFree CALiPER(TM) 3.0, a stand-alone performance calculation and reporting engine servicing the broker dealer and retail financial markets. CALiPER 3.0 allows investors to view and run calculations to measure the performance of their portfolios, while also providing advisors the ability to pull cumulative performance data on millions of accounts daily. Now ported to Oracle Database 10G to provide enhanced scalability, CALiPER 3.0 simplifies the complexity of supplying essential Global Investment Performance Standard (GIPS) return content directly to individual investors, asset managers and broker desktops, delivering superior speed and flexibility to calculate performance daily on millions of accounts. The CALiPER product was added to the CheckFree Investment Services product line when the company acquired Integrated Decision Systems (IDS) in September 2005.
CALiPER 3.0 rapidly analyzes massive volumes of data to quickly calculate and publish company-wide performance content directly to authorized users. Offering an improved Extract-Transform-Load (ETL) tool to enable faster data loads, CALiPER 3.0 enables users to import and automatically validate extremely high-volumes of security, account, transaction, benchmark and index data at exceptionally fast speeds.
The high-volume, high-throughput solution is scalable from 300,000 to millions of accounts and provides accurate GIPS compliant, Time Weighted (daily, monthly, combined) and Money Weighted (Internal Rate of Return) performance returns for accounts, households, and composites. CALiPER 3.0 offers an open architecture database for seamless integration with any third party report writer or publishing package, quickly and easily delivering performance reports to users throughout the organization and their clients.
"CheckFree CALiPER stands as the premier in-house performance reporting engine available to calculate millions of accounts in a nightly cycle," said Alex Marasco, executive vice president and general manager at CheckFree Investment Services. "By providing complete measurement of daily, monthly and combined performance at multiple user-defined levels via a web interface, we are now able to provide our clients the flexibility and scalability they require to effectively access, analyze and report on critical investment data."
CALiPER provides a seamless interface to portfolio accounting and brokerage/trust systems. The solution runs on UNIX (Solaris or AIX) and ORACLE relational database. CALiPER will continue to be supported as a stand-alone performance reporting engine and will complement the CheckFree product line which includes CheckFree APLSM, GIM(R) and, coming in 2007, CheckFree EPLSM. CheckFree EPL is a web-based, configurable portfolio management platform that will support all investment products and new instruments, including multi- currency. CheckFree EPL will drive efficiencies and growth through workflow and streamlined data exchange and reconciliation between managers and sponsors.
About CheckFree (http://www.checkfreecorp.com/)
Founded in 1981, CheckFree Corporation provides financial electronic commerce services and products to organizations around the world. CheckFree Electronic Commerce solutions enable thousands of financial services providers and billers to offer their customers the convenience of receiving and paying their household bills online or in person through retail outlets. CheckFree Investment Services provides a broad range of investment management solutions and outsourced services to thousands of financial services organizations, which manage about $1.3 trillion in assets. CheckFree Software develops, markets and supports software applications that are used by financial institutions to process more than two-thirds of the 12 billion Automated Clearing House transactions in the United States. The division also provides operational risk management, financial messaging, corporate actions, and regulatory compliance software to more than 1,500 organizations across the globe.
Certain of CheckFree's statements in this press release are not purely historical, and as such are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements regarding management's intentions, plans, beliefs, expectations or projections of the future. Forward-looking statements involve risks and uncertainties, including without limitation, the various risks inherent in CheckFree's business, and other risks and uncertainties detailed from time to time in CheckFree's periodic reports filed with the Securities and Exchange Commission, including CheckFree's Annual Report on Form 10-K for the year ended June 30, 2005 (filed September 2, 2005), Form 10-Q for the quarter ended September 30, 2005 (filed November 8, 2005), and Form 10-Q for the quarter ended December 31, 2005 (filed February 8, 2006). One or more of these factors have affected, and could in the future affect CheckFree's business and financial results in future periods, and could cause actual results to differ materially from plans and projections. There can be no assurance that the forward-looking statements made in this press release will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by CheckFree, or any other person, that the objectives and plans of CheckFree will be achieved. All forward-looking statements made in this press release are based on information presently available to management, and CheckFree assumes no obligation to update any forward-looking statements.
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