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DST International Acquires Bremer Software

  • 04 July, 2003 19:36

<p>MEDIA RELEASE</p>
<p>MetaStreamer to be included in DST's family of STP Software Products</p>
<p>Sydney 4 July 2003 - DST International (DST), the leader in business solutions for the investment management industry, today announced that it has completed its acquisition of the software products of Bremer Associates Inc. (Bremer), a leader in data transformation and application integration. The acquisition of all the rights to Bremer's MetaStreamer software further extends the breadth of DST's straight-through processing (STP) capabilities and provides easy and efficient integration of asset management software and data. DST has renamed the MetaStreamer product 'HiWay'.</p>
<p>"To maintain our leadership position in funds management, DST is continually broadening its product line to better serve its customers," said Ian Mathieson, Managing Director, DST International. "The acquisition of the MetaStreamer products extends our ability to integrate our products with other data sources or destinations or other applications, and expand our industry-leading STP capabilities. HiWay will be focused on interfacing our clients' various internal systems, including their DST products."</p>
<p>Bremer's software offering integrates real-time data, batch data or databases and applications, while performing sophisticated data transformations. Through the acquisition, DST will gain powerful software to facilitate and complement trade processing, trade matching, settlement, reconciliation, data cleansing, compliance checking and other similar applications, while providing full SWIFT, FIX, XML, ISITC and other data formats support and transformations.</p>
<p>HiWay is a 100% meta-data driven, middleware solution, designed for global enterprises that need a centralised meta-data repository for handling an ever changing set of data, message formats, and schema which flow into and out of an organisation. HiWay creates a dynamic interface for the transfer of information between systems that is independent of hardware, operating systems, communications protocols, and types of databases.</p>
<p>Ends</p>
<p>About DST International (DST)
With 16 offices and over 1000 professionals to support its growing client base, DST International provides a unique and comprehensive range of investment management and work management software solutions and related services to over 550 clients in 55 countries.</p>
<p>About DST Systems, Inc.
Our parent company, DST Systems, provides sophisticated information processing and computer software services and products that help clients improve productivity, increase efficiencies, and provide higher levels of customer service. DST is organised domestically and internationally into three operating segments: Financial Services, Customer Management, and Output Solutions. DST operates one of the most advanced data centres in the world, which provides information-processing services to support the products within each operating segment. These products are further enhanced through the integration of DST's advanced technology and e-commerce solutions.</p>
<p>For more information please visit www.dstinternational or contact:
Cathryn van der Walt, 12 Worlds Pty Limited
Tel: +612 9501 1931, Email: cathryn@12worlds.com</p>

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