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J.P. Morgan to Base Future IT Architecture on IBM e-Business Software

Joins IBM's Growing Roster of e-Business Software Customers on Wall Street

New York - 29 Feb 2000: -- J.P. Morgan has selected IBM's software solutions to help build and run its next generation technology infrastructure and business critical applications.

J.P. Morgan will replace its existing legacy applications to run DB2 Universal Database, and VisualAge for Java on an existing mix of IBM, Sun, and Compaq servers. In addition, the firm has selected IBM WebSphere Application Server to extend mission-critical business applications to the Web. With its decision to adopt these products worldwide, J.P. Morgan joins the growing roster of major financial services firms using IBM software to support their business applications.

"Many of our core businesses already run on IBM technology," said Mike Reilly, chief technology officer of J.P. Morgan. "This deal proves IBM can continue to offer best-in-class technology to our businesses."

J.P. Morgan is in the process of replacing legacy database applications with IBM's DB2 Universal Database, starting with the bank's Asset Management Services business. By implementing IBM DB2 Universal Database, financial services firms benefit from unmatched scalability to support business growth, and 24-hour availability for the "no downtime" nature of e-business. Already, DB2 is used by many top financial services firms, including Merrill Lynch and ADP Brokerage Services Group.

J.P. Morgan is also adopting VisualAge for Java as its standard tool for developing Java applications throughout the bank. J.P. Morgan's Global Markets and Asset Management Services businesses are already using VisualAge for Java, which provides a powerful development environment for writing, compiling and testing Java programming languages. Applications built using VisualAge for Java may be deployed on more server platforms than any other development environment in the industry.

"We have been very pleased with our current use of VisualAge for Java," said Mike Ashworth, head of Applications Delivery for J.P. Morgan's Markets business. "It delivers an environment that is intuitive, extendable and eases the task of building mission critical applications."

Based on the successful deployment of IBM WebSphere in smaller scale applications, J.P. Morgan will implement the scalable, flexible e-business software enterprise-wide. This will enable the company to build and deploy high-performance applications that transform the management of customer, partner and employee relationships.

"Today's announcement is just another example of customers who are migrating to IBM's e-business software to power their core business applications," said Steve Mills, general manager, IBM Software Solutions. "IBM clearly has the most powerful value proposition in the world of e-business, including end-to-end solutions, competitive price points and easy migration capabilities. Nobody else brings that capability to the marketplace today."

IBM is the leading technology partner to the world's financial services industry. Working directly with its financial services customers, IBM develops and deploys mission-critical industry-specific technology solutions. Those solutions comprise the full range of IBM capabilities including consulting, software, hardware, research and services. For more information, visit http://www.ibm.com/finance and http://www.ibm.com/software.

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Contact(s) information

Lori Bosio
IBM
(914) 766-1408
bosiol@us.ibm.com

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