everis Enhances Risk Management Product Suite with Numerix CrossAsset Analytics

New York – April 25, 2012 – Numerix (www.numerix.com), the leading provider of cross-asset analytics for derivatives valuations and risk management, and everis (www.everis.com), a multi-national consulting company, today announced that everis has joined the Numerix Partner Program to offer Powered by Numerix™ pricing and risk analytics within the everis Risk Management Product Suite. This suite provides banks and insurers a complete risk and capital management solution comprised of everis Operational, Aggregation, CurveFitting and Risk Based Pricing modules.
Market uncertainty and increased regulatory demands have increased pressure on banks and insurers to establish accurate, timely, and consistent pricing, risk, and reporting measures enterprise-wide. To maximize the performance, precision and robustness of operational risk and regulatory capital calculations under Solvency II and Basel III, everis has seamlessly integrated its Risk Management Suite with a wide range of Numerix features.
everis clients can now leverage key Numerix functions such as cross-asset analytics, Monte Carlo simulation, random number generation, correlations estimation and date functions. These features enable powerful scenario analysis and validation, flexible modeling, enhanced risk based pricing and a fully integrated risk aggregation and curve fitting process.
“The integration of key features and benefits from the market leading Numerix CrossAsset analytics platform has elevated the foundation of our core risk offering and enabled us to deliver a more robust pricing and risk solution to our clients,” said Rafael Cavestany Head of Risk Management Consulting at everis. “Integral to the solution is the ability to seamlessly bring together data management, modeling, simulation, capital calculation and reporting.”
“The integration of Numerix analytics into everis offerings gives clients maximum modeling flexibility and calculation power for structuring, pricing and analyzing any derivative or structured product from vanillas to the most exotic deal type,” said Steven R. O’Hanlon, President and COO of Numerix. “We look forward to the new and innovative ways Chief Risk Officers, Quantitative Analysts and Actuaries will leverage and benefit from this dynamic partnership.”

About Numerix

Numerix is the award winning, leading independent analytics institution providing cross-asset solutions for structuring, pre-trade price discovery, trade capture, valuation and portfolio management of derivatives and structured products. Since its inception in 1996, over 700 clients and 75 partners across more than 25 countries have come to rely on Numerix analytics for speed and accuracy in valuing and managing the most sophisticated financial instruments. With offices in New York, London, Paris, Frankfurt, Milan, Stockholm, Tokyo, Hong Kong, Singapore, Dubai, South Korea, India and Australia, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information please visit www.numerix.com.
About everis

everis is a multi-national consulting company offering business development and strategy, technological applications maintenance and outsourcing solutions. Our consulting firm works in the banking, energy and utilities, financial, industrial, insurance, media, public administration, healthcare and telecommunications sectors. Currently, everis has operations in United States, UK, several Continental Europe and Latin American countries and a professional staff of more than 10,000 consultants. For more information visit www.everis.com.

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(646) 898-1264                                                                                                  
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