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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: StocksMan who wrote (20127)	9/11/2003 4:29:38 PM
From: StocksMan	Read Replies (1) \| Respond to of 20297

SEI Offers Improved Investment Processing Platform for Separately Managed Accounts Thursday September 11, 1:00 pm ET Partners With CheckFree to Integrate APL Platform OAKS, Pa., Sept. 11 /PRNewswire-FirstCall/ -- SEI Investments (Nasdaq: SEIC - News), the global provider of asset management and investment technology solutions, today announced an improved outsourcing technology solution for money manager firms to increase efficiency and accuracy of separately managed accounts (SMA). Through a partnership with CheckFree Corporation (Nasdaq: CKFR - News), a leading provider of services to the separately managed accounts industry, SEI will offer a comprehensive outsourcing solution to money managers. SEI will integrate CheckFree's APL platform of portfolio accounting and administration tools for the SMA market with its own investment processing technology suite. "APL is the first of several landmark steps we are taking to achieve our goal to build back office outsourcing capabilities for money managers in the SMA business. This offering will help to significantly improve quality, drive industry standardization, and bring straight through processing to the SMA industry," stated Wayne Withrow, Executive Vice President at SEI Investments. Phil McCabe, Managing Director, Money Manager Solutions at SEI Investments, said "We are delighted to further extend SEI's relationship with CheckFree, as it represents another 'best of breed' solution we are able to offer to our money manager clients. When we combine workflow and process standardization with this new platform, it will dramatically lead to major improvements in SMA outsourcing." "We are proud to be joining forces with SEI Investments. SEI has the foundation for success. They know the separate accounts, mutual funds and banking businesses, have tremendous name recognition and have a great reputation for being process oriented in the industry," said Alex Marasco General Manager of CheckFree Investment Services division (CIS). "Like CheckFree, SEI is committed to driving cost out of the business for our clients. . ." biz.yahoo.com