Cambridge Technology Partners' Financial Services Practice Expands Solutions in Response to Client Challenges
Expansion Derived from Cambridge's Extensive Global Experience in eBusiness Solutions
Cambridge Technology Partners (Cambridge), the global eServices subsidiary of Novell Inc. (NASDAQ: NOVL), a leading provider of eBusiness solutions and Net services software, today announced the expansion of the solutions offered by its financial services practice. Cambridge's financial services practice helps capital markets, insurance, commercial and retail banking institutions improve their bottom line by designing and implementing business and technology solutions.
In response to client requirements and changing market conditions, Cambridge's financial services practice has leveraged components of its proven solutions to develop the following offerings:
- Portal Strategy and Implementation - Development and implementation of portal strategies for an enterprise and across multiple business units. Portals provide key information and access to applications for customers, employees and partners, supporting corporate initiatives such as CRM, Partner Resource Management (PRM) and integration, employee self service, cost reduction and business intelligence.
- Technology Integration Assessment for Mergers and Acquisitions - Assessment of the impact and cost of integrating the technology of two firms during a merger or acquisition. Cambridge's solution and methodology distinguishes itself from competitive offerings because the technology assessment is done within the context of the firm's business strategies and processes, and not based purely on technology.
- Infrastructure and Technology Rationalization - Examination of technology and infrastructure costs relative to current business requirements, with a focus on short-term ROI. Often, costs may be significantly reduced with little or no impact to functionality.
Cambridge has expanded its financial services solution focus by building upon its proven capabilities in custom trading and transaction processing systems, order management systems, decision support, compliance and market/customer connectivity. Financial services solutions also include Cambridge's core offerings in Digital Strategy, eCommerce/Wireless, CRM, Supply Chain/eProcurement, ERM, Technology and the development of custom systems. These core offerings have also been expanded through the application of thought leadership and industry perspective. Demonstrating that commitment, Scott Burns, formerly of JPMorgan Chase, recently joined Cambridge to lead its CRM financial services practice.
"The business environment facing our clients today is even more challenging than it was a year or two ago," said Michael Ricci, head of the financial services practice for Cambridge Technology Partners. "We face not only evolutionary challenges like convergence of industry sectors, globalization, commoditization and disintermediation but we face an economic climate that threatens even the strongest of institutions. Some firms see this as a time to make well-positioned investments that have strong ROIs, to help them leapfrog the competition. Other firms are rationalizing and reducing embedded costs. We have solutions that address both."
"Washington Mutual engaged Cambridge Technology Partners to complete an assessment project and reengineer the Technology Support organization within the bank," said Jim Mathison, senior vice president of Corporate Technology, Washington Mutual. "Using Cambridge's expertise in systems management processes and a deep understanding of best practices, resulted in a timely, effective solution to meet the business needs of Washington Mutual."
With a history of success in blue chip clients throughout the world, Cambridge offers comprehensive solutions that compare to those of larger firms, and offers increased end-to-end capabilities in new areas within the financial sector, such as energy trading. Cambridge's proven track record includes global clients such as Visa, JPMorgan Chase& Co., Bank of New York, Robertson Stephens, Inc., Mellon Financial Corp., Wachovia Bank, N.A., as well as non-U.S. based institutions like the Irish Stock Exchange Limited, Robeco Group and the Bombay Stock Exchange.
Novell, Inc. (NASDAQ: NOVL), is a leader in eBusiness solutions and Net services software designed to secure and power the networked world. Novell and its subsidiary, Cambridge Technology Partners, help organizations solve complex business challenges, simplify their systems and processes, and capture new opportunities with one Net solutions. Novell provides worldwide channel, consulting, education and developer programs to support its offerings.
For information on Novell's complete range of products and services, contact Novell's Customer Response Center at (888) 321-4CRC (4272), or visit Novell's Web site at http://www.novell.com. Information on eBusiness and e-integration solutions from Cambridge Technology Partners can be accessed at http://www.ctp.com. Press may access Novell announcements and company information on the World Wide Web at http://www.novell.com/pressroom.
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