Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CheckFree (CKFR) -- Ignore unavailable to you. Want to Upgrade?

To: TLindt who wrote (5352)	6/25/1998 9:03:00 AM
From: Benny Baga	Respond to of 8545

CheckFree Announces Agreement with Glickenhaus & Company to Provide Portfolio Accounting ATLANTA (June 23, 1998) -- CheckFree (NASDAQ: CKFR) today announced an agreement with New York-based Glickenhaus & Company. Through the agreement, CheckFree will provide Glickenhaus & Company with portfolio accounting services across their more than 1,400 equity, balanced and fixed-income portfolios. CheckFree's APL interface data links will allow Glickenhaus & Company to electronically update and reconcile client accounts. In addition, it will allow for access to enhanced reporting, billing and trading features, including portfolio tax-lot and performance measurement data. "Every money management firm has its own idiosyncrasies in the way that it does business," said Margaret Beal, Glickenhaus' director of client service and administration. "Glickenhaus chose CheckFree and their APL product because of their willingness and ability to customize a solution to meet our very specific needs. We were extremely pleased with CheckFree's conversion team. They devoted a very talented group to our conversion, both before and during the process." Jamie Waller, head of business development and sales for CheckFree Investment Services, added, "Glickenhaus' track record speaks for itself. They have an excellent reputation. This represents a solid piece of institutional business for us. We look forward to having them on board and to helping them grow their business." About Glickenhaus Glickenhaus & Company was established in 1961. The firm manages more than $245 billion in equity, balanced and fixed-income portfolios for employee benefit plans for the public, corporations and Taft-Hartley groups, as well as non-profit institutions and high-net-worth individuals. About CheckFree Founded in 1981, CheckFree Corporation (www.checkfree.com) is the leading provider of electronic commerce services, software and related products for 2.25 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. CheckFree Investment Services currently offers APL and APL WRAP, which includes portfolio accounting, performance measurement, trading and reporting systems to financial institutions. APL and APL WRAP are currently used by more than 225 institutions managing over 500,000 portfolios. These portfolios total more than $350 billion in assets.