Tech Bytes: 3 Firms Align to Market Risk Management Tool

Risk Management Technologies Inc., Informix Inc., and Digital Equipment Corp. have formed a marketing alliance to promote their software and hardware.

The companies have agreed to recommend each other's computer products as part of an integrated system for banks to manage interest rate risk.

Risk Management Technologies, Berkeley, Calif., provides risk analysis software. Its current client base includes Chemical Banking Corp. and Well Fargo & Co.

Informix, of Menlo Park, Calif., provides data base software for parallel processing.

Digital Equipment, of Marlboro, Mass., is a hardware and services company. Its 64-bit Alpha server, based on client/server technology, will be the risk management system's main hardware component.

"We all bring certain value-adds to the table," said Jerry Vennard, a vice president at Digital Equipment.

Officials of the companies said the integrated risk management technology has had its first installation - at Tokyo-based Sumitomo Bank, the world's fourth-largest with more than $500 billion in assets.

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