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Odyssey Teams with IBM to Deliver Wealth Management Solutions for the Financial Services Industry

(PresseBox) (Lausanne / Luxembourg, ) Odyssey Financial Technologies, a leader in Wealth Management software, today announced it will integrate IBM WebSphere Application Server, WebSphere Transformation Extender, DB2 database and Cognos 8 Business Intelligence software with its suite of WealthManager(TM) software solutions.

The OEM agreement with IBM will provide users of new Odyssey software with leading analytics and data management capabilities to gain deeper insights into their information assets, better serve their clients and drive growth. Odyssey intends to optimize its software on the IBM Power platform later this year.

"We are extremely excited about our partnership with IBM," said Antoine Duchateau, Chairman and CEO of Odyssey Financial Technologies. "The pairing of Odyssey's WealthManager(TM) application along with IBM's software, hardware and Global Services expertise, will give financial services firms access to the top wealth management platform powered by advanced technologies."

Odyssey WealthManager(TM) offerings include Client On-boarding, Client Management, Data Consolidation and Client Reporting, Financial Advisor Portal, and a full Wealth Management Platform, proven business solutions designed to improve advisor productivity, increase responsiveness to clients, and enhance operations and compliance efficiency. Odyssey and IBM will jointly develop, market, and sell the software globally.

"Financial services firms are willing to invest in technology if it helps to cut costs, drive efficiency and create competitive advantage," said June Yee Felix, general manager, banking and financial markets, IBM. "The combination of Odyssey and IBM technologies can help clients achieve these goals and drive more value out of their information assets in support of growth initiatives."

Today's announcement builds on the continued success of the partnership between Odyssey and IBM to help the world's leading financial services clients transform their IT infrastructures.

About Odyssey Financial Technologies

Odyssey is an industry leader in the global provision of wealth and asset management solutions and services to the Private Banking, Mass Affluent/Brokerage and Retail Banking sectors as well as to Institutional and Fund Managers. Over 200 financial institutions in more than 30 countries have chosen Odyssey solutions. Odyssey focuses on providing a comprehensive range of modules for portfolio management (PMS), advisory and sales processes, customer relationship (CRM), compliance, risk, and analytics. These modules are deployed on a scalable wealth and asset management platform, facilitating the enterprise-wide implementation of software solutions. Founded in Luxembourg in 1995, Odyssey today has offices in the key financial centers, including New York, Singapore, Zurich, Frankfurt, Munich, Brussels, Geneva and Tokyo. Odyssey's operational head office is located in Lausanne, Switzerland. The development centers are located in Toronto, Lausanne and London. For further information, please visit: http://www.odyssey-group.com.

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