SS&C Signs New Alliance Partner -- Central Corporate Credit Union to Market PALMS(TM)

SS&C Technologies Inc. (Nasdaq:SSNC), a leading provider of e-commerce solutions to the financial services industry, announces Central Corporate Credit Union (CenCorp) has signed a strategic alliance agreement to market the Companys PALMS Portfolio Asset Liability Management Servicesn to its 450 member credit unions. PALMS delivers a integrated asset/liability management service via the Internet enabling users to effectively measure, analyze, and manage their balance sheet.

Windsor, Connecticut, January 8, 2002 - SS&C Technologies Inc. (Nasdaq:SSNC), a leading provider of e-commerce solutions to the financial services industry, is pleased to announce Central Corporate Credit Union (CenCorp) has signed a strategic alliance agreement to market the Companys PALMS Portfolio Asset Liability Management Services. CenCorp services a network of 450 member credit unions.
PALMS delivers a unique and powerful integrated asset/liability management service via the Internet. This service provides financial institutions with on-line tools to effectively measure, analyze, and manage their balance sheet.
We were searching for an ALM product that was accurate, easy to use and had the features that would benefit member credit unions. PALMS has all three," stated Ronald W. Boehnlein, CenCorps Chief Financial Officer. The Internet access was really a plus for this product. With PALMS, CenCorp is able to assist credit unions in quickly developing comprehensive ALM strategies," added CFO Boehnlein.    
We are very pleased to begin our Alliance Partnership with CenCorp," stated Michael Murphy, Senior Vice President and General Manager of SS&Cs Minneapolis financial institutions business. CenCorp selected PALMS after an extensive search for a processing vendor that complemented their aggressive approach as a technology-driven financial services company. CenCorp has a thorough understanding of the benefits an integrated Internet-based service provides their members, and we look forward to a very successful Alliance Partnership with them," added Murphy.
About PALMS
PALMS is the leading asset/liability management service developed exclusively for the Internet, enabling clients to manage the balance sheet more effectively and accurately. PALMS imports data directly from the G/L, loan, deposit and investment systems, providing access to balance sheet data with no data entry required. PALMS delivers accurate and detailed analysis of the balance sheet, asset-by-asset and liability-by-liability, allowing users to accurately evaluate the impact of a specific asset or liability. PALMS also enables users to run simulations and what-if" analysis. PALMS is part of the PortPro family of services that delivers state-of-the-art portfolio accounting, analytics, and risk management tools over the Internet. For more information visit PortPro at PortPro.com.
About Central Corporate Credit Union
Based in Southfield, Michigan, Central Corporate Credit Union (CenCorp) provides wholesale investment, credit and correspondent banking services to 450 credit unions, primarily in the state of Michigan. CenCorp is a non-profit company that is owned by member credit unions. Chartered in 1937 originally to provide a cost-effective way for member credit unions to borrow or lend funds to other members, CenCorp is one of the largest corporate credit unions that make up the corporate credit union network. Today, CenCorp offers a comprehensive package of financial products and correspondent banking services to credit unions, including: Overnight Accounts, Term Investments, Lending, Share Draft Processing, Deposit Processing, Wire Transfers and ACH Services. For additional information visit www.cencorpcu.com.
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About SS&C Technologies
Headquartered in Windsor, CT, with offices in North America, Europe and Asia, SS&C delivers investment and financial management software and related services in five vertical markets: 1) hedge funds and family offices, 2) institutional asset managers, 3) insurance entities, 4) real estate property managers, and 5) financial institutions. In each of these markets, SS&Cs solutions are in the top tier of competitive product offerings. World wide, SS&Cs clients manage, in aggregate, more than $3 trillion in assets. SS&C is publicly traded on NASDAQ under the symbol SSNC." Additional Company information is available at www.ssctech.com.

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©2002 SS&C Technologies, Inc.
PALMS is a trademark of SS&C Technologies, Inc. All other trademarks or trade names are the property of their respective owners.