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AIM Software Establishes Subsidiary in the U.S.; Reference Data Management and Risk Management Solutions for U.S. Clients

Posted on: Wednesday, 31 August 2005, 09:00 CDT

AIM Software, a leading provider of reference data management and risk management solutions to the financial industry announced today that is has established a subsidiary in the United States. This now enables the company to offer its reference data and risk management solutions directly to clients in the United States, which have so far been serviced out of the headquarters in Europe. This step also aims at better supporting the US subsidiaries of the more than 80 institutions which already use GAIN worldwide.

AIM Software's flagship product GAIN operates as a centralized reference data management and risk management platform that cuts the costs and risk associated with back office processes. The software combines the advantages of a fully fledged reference data management solution, the GAIN DataDesktop, and a comprehensive risk management solution, GAIN Risk Management, offering links to high quality data from 15+ leading back-office and real-time data feeds (e.g. Telekurs Financial, Bloomberg, Reuters, Interactive Data, SWIFT).

GAIN combines automatic cleansing, scrubbing and reconciliation with manual exception handling for financial data. Martin Buchberger, Head of Marketing & Sales at AIM Software states: "GAIN manages the full lifecycle of data capture, cleansing, consolidation, enrichment and storage of reference, price and corporate actions data into a 'golden copy'."

AIM Software's other product line, GAIN Risk Management, combines data feed connectivity, instrument pricing and risk management. AIM Software thereby provides institutions with a complete toolbox to conform to the Basel II standards and regulatory requirements on market, credit and operational risk that also focuses strongly on data quality aspects.

"The modular GAIN solution is designed for a fast integration and thereby assures a minimum level of project risk. This helps financial institutions to cut costs considerably," explains Buchberger. "We are looking forward to support companies in the United States directly, since we see a huge potential for GAIN which is more scalable in pricing than some other offerings in the market. The foundation of the subsidiary will leverage our activities in the US which we started about two and a half years ago," Buchberger adds.

In addition to its resources in the U.S., AIM Software supports partnerships with data vendors, system integrators and technology providers, ensuring maintenance and the distribution of AIM Software's products. The New York based J2K Technology joined AIM Software's network lately and acts as value added reseller and support partner.

About AIM

Founded in 1998, AIM Software specializes in creating innovative reference data and risk management software solutions for financial markets. Based on its worldwide distribution and service partner network, AIM Software provides internationally recognized modular software solutions. With offices in Austria, New York, Switzerland and Hong Kong, AIM operates globally in the major financial centres with 80+ clients. Office New York AIM Software 67 Wall Street, 22nd floor, suite 2211 New York, NY 10005 T: +1-212-859-3498 office@aim-sw.com

Source: Business Wire

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