CHECKFREE INVESTMENT SERVICES INKS PARTNERSHIP DEAL WITH BLACKBOOK SOFTWARE
LINKING CRITICAL CHECKFREE APL DATA SETS TO DYNAMIC Front-Office Application
for Enhanced Relationship Management
ATLANTA, Oct 12, 1999 /PRNewswire via COMTEX/ -- CheckFree Investment
Services announced today it has signed a joint marketing agreement with
BlackBook Software, Inc., New York-based developers of relationship
management and billing applications for the money management community.
CheckFree Investment services along with CheckFree APL and CheckFree
APL WRAP represent the first name in outsourcing of automated
investment management, trading, portfolio performance and reporting
systems.
As part of this new arrangement, CheckFree APL's client base of money
managers will have the option to utilize BlackBook's desktop
applications to leverage their all important marketing and prospecting
efforts, increase productivity, and enhance client maintenance.
"Integrating CheckFree APL client data sets to BlackBook at the manager
or broker desktop, represents one of many avenues we will pursue to
address the informational needs of our money management client base,
and to also make CheckFree Investment Services an all- encompassing
service," said the company's Senior Vice President, James K. Waller.
"BlackBook aggregates islands of relationship information and makes it
centrally available in a Windows-based, GUI environment," said
BlackBook Software President, Jake Nadler. "As a result, investment
managers can quickly publish reports and correspondence for a wide
range of participants in the managed accounts hierarchy such as
clients, prospects, custodians and brokers." Investment professionals
will have 24 manager reports available at their fingertips, including
consultant and customer profiles, account won/loss information and
account listings by broker, custodian, consultant, etc.
BlackBook Software, which is written in Visual Basic and uses either
Microsoft SQL or Microsoft Access as a data base will complement
INFODEX, CheckFree APL's own contact management system. "It's our basic
philosophy that clients should have access to the tools that will
foster growth of assets under management," said CheckFree APL business
head and Vice President, Ms. Terry McNamera.
About BlackBook Software, Inc. BlackBook Software, Inc. develops and
markets software applications that streamline marketing and alleviate
the front-office paper and document distribution jams found in
investment firms, where the influx of data base information and
investor reporting requirements have become unmanageable. BlackBook is
designed as an investment professional's desktop, and provides access
to all computer tools from the basic Microsoft Front Office suite, to
proprietary portfolio management systems.
About CheckFree Founded in 1981 and headquartered in Atlanta, CheckFree
(www.checkfree.com), the operating subsidiary of CheckFree Holdings
Corporation (Nasdaq: CKFR), is the leading provider of financial
electronic commerce services, software and related products for more
than 2.6 million consumers, 1,000 businesses and 850 financial
institutions. CheckFree designs, develops and markets services that
enable its customers to make electronic payments and collections,
automate paper-based recurring financial transactions and conduct
secure transactions on the Internet. The acquisition of Mobius Group
earlier this year has expanded the range of services CheckFree and its
Investment Services division now offer financial planners, investment
consultants, institutional and high net-worth money managers.
Based in Jersey City (NJ), CheckFree Investment Services' staff of more
than 185 professionals nationwide, provide portfolio management
accounting, performance measurement, trading and reporting services to
more than 248 financial institutions managing over 700,000 portfolios
(totaling more than $400 billion in assets) through the company's
CheckFree APL and CheckFree APL WRAP systems. The APL system is
UNIX-based (IBM RS/6000), and available to asset management and
broker/dealer firms on a service bureau or in-house basis.
Certain of the Company'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 the Company's business, and
other risks and uncertainties detailed from time to time in the
Company's periodic reports filed with the Securities and Exchange
Commission, including Form 10-K for the year ended June 30, 1998, Form
10-Q for the quarter ended March 31, 1999, Form 8-K filed May 25, 1999
and the Company's Registration Statement on Form S-3 (No. 333-79695)
filed June 1, 1999, as amended June 15, 1999. One or more of these
factors have affected, and could in the future affect, the Company'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
document will prove to be accurate, and issuance of such forward-
looking statements should not be regarded as a representation by the
Company, or any other person, that the objectives and plans of the
Company will be achieved. All forward-looking statements made in this
press release are based on information presently available to
management, and the Company assumes no obligation to update any
forward-looking statements.
SOURCE CheckFree Corporation
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: media, Judy Morris, 678-375-1595, jdmorris@checkfree.com , or
investors, Tina Moore, 678-375-1278, tmoore@checkfree.com ,
both of CheckFree
Corporation, or Todd Swearingen of CheckFree Investment
Services,
312-739-3462, or todd@secapl.com
WEB PAGE: checkfree.com
GEOGRAPHY: Georgia
New York
INDUSTRY CODE: CPR
MLM
FIN
SUBJECT CODE: JVN
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