NorthStar Achieves Advanced Industry Optimized Status in IBM's PartnerWorld Industry Networks
Complements Company Offerings and Further Meets Wealth Management Industry Needs
SAN FRANCISCO, March 13 / -- NorthStar Systems International, Inc., a leading provider of wealth management software solutions to financial services institutions, announced today it has reached Advanced Industry Optimized (AIO) status in IBM's PartnerWorld Industry Networks. As a result, NorthStar can now complement its solution offerings with IBM's sales, marketing, and technical expertise to develop and deliver solutions that meet customer requirements in the wealth management industry.
Wealth managers are seeking solutions to help them better integrate processes and applications so they can quickly respond to changing market opportunities -- all key elements in transforming to an on-demand business model.
Delivered on-premise or on-demand, NorthStar's solutions empower advisors with full-lifecycle capabilities to acquire, implement and manage client wealth in a holistic and compliant manner. NorthStar's solutions are unique in the wealth management technology industry because they can be deployed in any combination to address the challenges and business goals of leading financial institutions.
"PartnerWorld Industry Networks is mobilizing thousands of Independent Software Vendors (ISVs), helping them to develop customized, industry solutions for customers," said Mark Hanny, Vice President, ISV Alliances, ISV & Developer Relations, IBM. "Customers aren't seeking a one-size-fit-all solution -- they want tailored, industry-specific solutions that can help solve their business challenges. Through PartnerWorld Industry Networks, IBM is working closely with NorthStar to deliver open and flexible solutions to match our customers' needs."
"NorthStar is delighted to be working closely with IBM as an AIO partner, and we are already seeing great benefits from our collaboration," said Collin Cohen, president of NorthStar. "As firms worldwide seek to transform their wealth management businesses, each has specific problems, which NorthStar's software solutions and services-oriented architecture can address. Working closely with IBM is an important step in helping our mutual clients gain the greatest benefit from using IBM and NorthStar products."
NorthStar was recently recognized as a market leader in the 2007 Wealth Management Technology Platform Vendors Report by Celent, an international strategy consultancy firm. Key product offerings include a comprehensive integrated advisory desktop that improves advisor productivity and client service, a Planning Solution that helps meet regulation requirements, and an On-Demand solution that streamlines the asset management process. Clients include Charles Schwab, Citigroup, Legg Mason, Merrill Lynch, Wachovia and several national banks.
The IBM PartnerWorld Industry Networks provide ISVs with comprehensive business insight, technical resources, networking opportunities, and marketing and sales support designed to help them reach more customers and close deals faster. Participants in the PartnerWorld Industry Networks can team with IBM to bring on-demand solutions to market more easily and to ensure these solutions meet specific industry needs, reflecting how customers buy technology today.
ISVs can sign up for PartnerWorld Industry Networks at http://www.ibm.com/isv.
About NorthStar Systems International
NorthStar is the leading provider of wealth management software solutions to financial services institutions. It has a growing list of clients across market segments and sizes such as Charles Schwab, Citigroup, Legg Mason, Merrill Lynch, Wachovia and several national banks. Its solutions are delivered either on-premise or on-demand and consist of five application solutions and two infrastructure solutions that empower thousands of financial advisors and their teams with full lifecycle advisory capabilities to acquire, implement and manage client assets and liabilities in a compliant manner based on industry best practices. Please visit http://www.northstar.com/.
Source: NorthStar Systems International, Inc.
CONTACT: Emilio Dabul of FastLane, +1-908-822-7106, or edabul@fast-lane.net; or Christi Weidling of NorthStar, +1-415-344-6140, or cweidling@northstar.com
Web site: http://www.northstar.com/
