23 October 2017

Sungard partners Putnam to port recordkeeping system to IBM database

30 August 2002  |  3802 views  |  0 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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