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4-Traders Homepage  >  Equities  >  Nyse  >  International Business Machines Corporation    IBM

Delayed Quote. Delayed  - 06/28 05:47:43 pm
155.3433 USD   +0.38%
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International Business Machines Corp. : IBM Empowers SLIB to Manage Millions of European Stock Market Transactions

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01/28/2013 | 02:42pm CEST

Paris - 28 Jan 2013: IBM (NYSE: IBM) today announced that SLIB, a leading software publisher and Application Services Provider for the European financial services industry, has upgraded its IT infrastructure with an innovative new IBM System to streamline and securely process an estimated 15 million stock market orders this year. The company provides cloud services to 50 European and global financial institutions to conduct their securities business.

Stock markets create some of the most challenging computing environments of any industry. Financial institutions serving their investment clients must flawlessly execute up to millions of transactions each day, managing massive volumes and varieties of financial data while staying on top of regulatory and security requirements.  

To meet these challenges, SLIB selected a new IBM Power 770 system equipped with the new POWER7+ processor. The new system is engineered with the latest data security and privacy technology, easily integrates with SLIB's cloud environment, and automatically ramps up processing performance to meet extreme financial market workloads including big data and analytics.  

"SLIB clients require the very best financial markets and shareholder services technologies that support their core business strategies. IBM Systems technology helps our company guarantee the highest service levels for our clients, giving us a competitive advantage over other companies that do not invest in innovation. Moreover, the built-in scalability and flexibility of the new Power Systems servers allow us to commit with new clients under very short deadlines," said Philippe Cognet, CEO of SLIB. 

Designed specifically for compute intensive workloads such as those required by financial markets, the Power 770, combined with IBM Content Manager, WebSphere MQ and Sterling software, supports environments with high volumes of sensitive data. As a result, SLIB can securely handle millions of securities transactions for each client such as orders and trades, clearing and settlements, and stockholder meeting votes.   

"SLIB is finding new ways to grow and lead with IBM technology in a highly competitive industry that is constantly changing," said Alain Henry, Vice President, Systems and Technology Group, IBM France. "Our companies have collaborated on the premise of innovation driving growth for over 20 years, keeping a sharp eye on evolving client needs."  

About SLIB 

Both a software publisher and an Application Services Provider, SLIB is a trusted partner to the financial services industry, always on the lookout for changes in the European securities landscape, by supplying its customers with innovative software solutions to streamline their securities processing and improve their performance, whilst mitigating their risks.  

SLIB solutions support securities order and trade, clearing, settlement, custody, online vote prior to General Meetings and risk control. 

SLIB has two strong shareholders: BNP Paribas and Natixis.

www.slib.com

About IBM Power Systems :

http://www-03.ibm.com/systems/power/

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Financials ($)
Sales 2017 78 250 M
EBIT 2017 14 367 M
Net income 2017 11 086 M
Debt 2017 33 628 M
Yield 2017 3,74%
P/E ratio 2017 13,09
P/E ratio 2018 12,46
EV / Sales 2017 2,29x
EV / Sales 2018 2,31x
Capitalization 145 387 M
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Mean consensus HOLD
Number of Analysts 27
Average target price 164 $
Spread / Average Target 6,2%
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Virginia M. Rometty Chairman, President & Chief Executive Officer
James J. Kavanaugh Senior Vice President-Transformation & Operations
Martin J. Schroeter Chief Financial Officer & Senior Vice President
John E. Kelly Senior VP-Cognitive Solutions & Research
Martin Jetter SVP-Global Technology Services
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