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Management Strategies

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TD Bank Outsources TO IBM

TD Bank Financial Group (Toronto) recently outsourced its PC and network maintenance to IBM (Armonk, N.Y.) in a $543 million deal. IBM will manage and support 40,000 PCs and revamp the existing data network. With the arrangement, TD Bank will be able to devote more resources to develop new applications for financial products.

Trust Co. Trusts Innovest

Trust Company of the South (Burlington, N.C.) has implemented Innovest's (New York) InnoTrust to support its trust and wealth management operations.


DWL, Inc. (Atlanta), and Eontec (Dublin) will jointly offer customer-centric, multi-channel solutions to the financial services industry. The joint solution will enable banks to improve customer service and sales through call center, Internet and branch networks.

Ventus Joins WITH Crystal

Ventus Solutions (Los Angeles) is partnering with Crystal Decisions (Palo Alto, Calif.) As a new channel partner focused on financial services firms, Ventus will enhance customer analysis capabilities for their customers.

SurfControl Uses Omniva

Omniva Policy Systems' (San Francisco) Omniva Policy Server is now certified to be interoperable with Scotts Valley, Calif.-based SurfControl's E-mail Filter. The solution provides organizations with e-mail delivery, policy management and sophisticated content control features needed to support regulatory compliance requirements.

Systems Union Acquires MIS AG

Systems Union Group plc (Miami) will acquire MIS AG (Newark, N.J.) which will operate as a subsidiary of Systems Union Group within a newly formed Business Intelligence Division. Systems Union has agreed to pay approximately US $40 million for MIS AG.

NYCE/Cardtronics PACT

NYCE Corp. (Montvale, N.J.) has continued to diversify its regional network participation through an agreement with Cardtronics, (Houston). Cardtronics signed a NYCE Banking Terminal Participant Agreement, adding its 12,000 ATMs to the network and providing access for 80 million NYCE cardholders to Cardtronics ATMs.

Siebel OKS Fair Isaac FOR UAN

Siebel (San Mateo, Calif.) recently validated Fair Isaac Corp. (San Diego), as a Universal Application Network (UAN). The validation of Fair Isaac's Blaze Advisor with UAN allows users to deliver enhanced service by building on the combined strength of Siebel Systems' applications and Fair Isaac's business rules platform for decision-making.

AIT Partners with Fiserv

AIT (Lake Mary, Fla.) and Fiserv CBS Worldwide (Brookfield, Wis.) have formed a new strategic partnership, expanding a relationship the two companies started in 1995. Under the terms of the partnership, Fiserv will adapt and integrate AIT's Portrait product into its marketing, sales and servicing solutions.

eFunds Acquires Oasis

Under a definitive agreement, eFunds Corp. (Scottsdale, Ariz.) will acquire the assets of Toronto-based Oasis Technology, Ltd. The total purchase price of approximately $28 million will be paid in cash. The acquisition will provide eFunds an immediate entry into new markets with an open solution platform and is expected to expand eFunds' domestic and international customer base.

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