Press Releases
SunGard Expands SEI CMMI® Maturity Level 2 Rating Achievement to Additional Brokerage and Clearance Solution
August 25, 2009 — Chicago, IL
SunGard’s brokerage and clearance business has achieved the Maturity Level 2 Rating of SEI’s CMMI for Development, Version 1.2 (Software Engineering Institute’s Capability Maturity Model Integration) for its GMI clearing and accounting solution for exchange traded derivatives, futures and options. An integrated, enterprise quality model used to enhance an organization’s ability to manage project activities toward success, the CMMI appraisal rating recognizes SunGard as a quality provider of systems engineering, software development and IT services.
Mukul Madan, founding partner at QAI India Limited, said, “I wish to congratulate SunGard on achieving the Maturity Level 2 rating for the GMI solution. The benefits of SunGard’s investment in process improvement are evident in the discipline it has established for its project management practices, as well as insights that have been gained from projects. With a senior management-level focus on improved understanding and experience sharing, I expect SunGard will cross more milestones in the future.”
Achievement of CMMI Maturity Level 2 culminates in the successful evaluation of an organization’s ability to administer requirements management, project planning, project monitoring and control, measurements and analysis, process and product quality assurance, and configuration management. SunGard’s GMI project team also worked with SunGard’s Center of Excellence to help accelerate the project’s timeline and leverage existing material from the achievement of the CMMI Maturity Level 2 Rating for SunGard’s Phase3 securities processing solution and Stream data aggregation and event-driven applications in 2006.
Gerry Murphy, president of SunGard’s brokerage and clearance business, said, “SunGard is committed to the highest software quality, customer satisfaction and timely delivery. By achieving this rating, SunGard has a shared vision across several product lines to deliver greater value to customers in a more timely and productive fashion.”
SEI is a federally funded research and development center sponsored by the U.S. Department of Defense (DoD) and operated by Carnegie Mellon University. Originally commissioned by the DoD to help them qualify software vendors’ capabilities, CMMI is used by organizations worldwide to help them achieve product and process improvements.
About SunGard’s GMI
A clearing and accounting system for global exchange-traded derivatives, futures and options, GMI supports the activities of clearing firms, securities firms, brokerage houses, and other participants in derivatives trading, such as multi-national agriculture and energy companies. GMI links to exchanges worldwide for access to pricing updates, margins and risk arrays. Customers use GMI to help eliminate manual processes, consolidate data in a single integrated accounting system, control costs and increase competitiveness.
About SunGard
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world’s 25 largest financial services companies.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
Trademark Information: SunGard, the SunGard logo, GMI and Phase3 are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.