Sungard partners Putnam to port  recordkeeping system to IBM database

Sungard partners Putnam to port recordkeeping system to IBM database

SunGard Employee Benefit Systems is to port its OmniPlus 401(k) recordkeeping system to IBM’s universal database (UDB) in a joint project with Putnam Investments.

The new system will operate on Unix, NT and mainframe and will offer a single system and database that are portable across platforms.

David Kennedy, president of SunGard Employee Benefit Systems says: "As part of its upgrade from OmniPlan to OmniPlus, Putnam wanted to leverage the openness of a relational database to complement their internal integration strategy." He adds: "We believe OmniPlus will be the only 401(k) recordkeeping solution running on a IBM's universal database."

The joint project is due to be completed in 2003.

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