SOURCE: Kamakura Corporation

August 07, 2008 10:00 ET

Zylog Systems to Distribute Kamakura Risk Manager in South Asia

NEW YORK,NY--(Marketwire - August 7, 2008) - Honolulu-based Kamakura Corporation announced today that Zylog Systems has been named a distributor for the Kamakura Risk Manager enterprise-wide risk management system in India and the rest of South Asia. Zylog Systems is a global software company with a U.S. headquarters in Edison, New Jersey. Zylog works extensively with major banks in India through its offices in Chennai, Mumbai, and New Delhi. The Kamakura Risk Manager (KRM) system is the world's first risk system that analyzes market risk, credit risk, asset and liability management, funds transfer pricing, and liquidity risk all in a single integrated solution. The KRM system is also widely used for Basel II capital calculations and to meet the requirements of key accounting standards regarding hedge accounting (FAS 133 and IAS 39) and the valuation of complex structured finance instruments (FAS 157).

"Kamakura's 185 clients span 27 countries," said Warren Sherman, Kamakura President and Chief Operating Officer. "We are very pleased and honored to partner with Zylog to bring best practice in risk management to India and South Asia. Kamakura's risk consulting, risk management information, and risk management software can provide sophisticated institutions in South Asia with the tools to avoid the kind of losses that have affected many institutions worldwide in the current credit crisis. Zylog's outstanding track record makes Zylog a wonderful partner for Kamakura."

"Zylog believes that the flexibility and power of the Kamakura Risk Manager system is perfect for the rapidly growing financial services sector in South Asia," said Sudarshan Venkatraman, Chairman and Chief Executive Officer at Zylog Systems. "Bank CEOs are interested in best practice risk management, and Kamakura is synonymous with 'best practice.' The current credit crisis has exposed the weaknesses of legacy risk systems and silo-oriented risk management."

Suresh Parthasarathy, Director at Zylog Systems Asia, said, "Zylog is well established with banks in this region. Their needs for risk management solutions are tremendously increasing, and this partnership will position us as a serious player in risk management. Kamakura's powerful KRM system provides a fully integrated and totally transparent view of risk that South Asian institutions need."

About Zylog Systems

Zylog Systems is an ISO 9001 certified provider of onshore, offshore and near shore technology solutions and services to enterprises and technology companies across the globe. Zylog works with some of the world's leading innovative independent software vendors and software-enabled businesses, ranging from start-ups to established industry leaders.

For over 12 years, Zylog has been partnering with a loyal following of clients seeking to leverage Zylog's proven delivery methodology, as well as 24/7 access to the very best technical resources and development tools available anywhere.

Zylog provides complete Product Lifecycle Management services, ranging from new product development and product advancement to product migration, re-engineering, sustenance and support. By leveraging Zylog's experience in product engineering, the company brings products to market faster, with high quality and reduced costs.

Zylog's customer base includes large corporate organizations as well as medium size businesses across a broad range of verticals, as well as respected leaders in finance and banking, insurance, life sciences, telecommunications, retail, and manufacturing. Zylog ranked #238 for the year 2008 in the VAR Business 500 and won 'Top Technology Practices' award for the "Greenware Computing" initiative and also recognized as one of the 10 Fast Growth VARs to watch.

Zylog U.S. headquarters is in Edison, New Jersey, with employees and offices that span the globe (North America, Europe and Asia) with state-of-the-art offshore development center in India. For more on Zylog, please see www.zylog.co.in.

About Kamakura Corporation

Founded in 1990, Honolulu-based Kamakura Corporation is a leading provider of risk management information, processing and software. Kamakura has been a provider of daily default probabilities and default correlations for listed companies since November, 2002. Kamakura announced the KRIS Sovereign Default Probability Service on May 19, 2008. Kamakura launched its collateralized debt obligation (CDO) pricing service KRIS-CDO in April 2007. Kamakura is also the first company in the world to develop and install a fully integrated enterprise risk management system that analyzes credit risk, market risk, asset and liability management, transfer pricing, and capital allocation. Kamakura has served more than 185 clients ranging in size from $3 billion in assets to $1.6 trillion in assets. Kamakura's risk management products are currently used in 27 countries, including the United States, Canada, Germany, the Netherlands, France, Austria, Switzerland, the United Kingdom, Russia, Eastern Europe, the Middle East, Africa, Australia, Japan, China, Korea and many other countries in Asia.

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