JSE Securities Exchange SA and Accenture Sign Multi-Year Technology Ag

    Business Editors

    NEW YORK & JOHANNESBURG, South Africa--(BUSINESS WIRE)--April 5, 2005--The JSE Securities Exchange South Africa (JSE) and Accenture (NYSE:ACN) have signed two agreements under which Accenture will transform and manage key aspects of the exchange's technology infrastructure on an outsourced basis. The agreements are part of the JSE's effort to strengthen its role as a competitive force in the global financial marketplace through outsourcing and new technology.
    "The breadth of this architecture transformation is groundbreaking within the capital markets," said JSE Chief Operating Officer Leanne Parsons, who is overseeing the IT transformation project. "As a world-class exchange, we are on a continuous drive to improve services to our customers by operating more strategically and more cost efficiently. Together, these two initiatives will enable the JSE to be more cost-effective through implementing a lower-cost, more stable and reliable technology solution that is also more responsive to business change. We expect to be able to reduce our IT operating expenses by at least 10 percent per year."
    Under a two-year information technology (IT) transformation agreement, Accenture will consolidate the JSE's current technology infrastructure and reengineer its application and data architecture. This will involve migrating the JSE's mainframe reference data, data enrichment, information reporting, clearing, and member accounting and administration systems onto a more flexible and efficient technology platform. The new architecture will be built from a combination of off-the-shelf technology packages and custom-built applications designed to integrate easily with the internal IT systems of JSE users.
    Under a separate seven-year application and infrastructure outsourcing agreement, Accenture will assume responsibility for managing multiple aspects of the JSE's applications and technology infrastructure, as well as a number of subcontracts. The JSE will outsource its technology applications, infrastructure and services related to derivatives trading, equities and derivatives clearing, regulation, information dissemination and other business functions.
    In its seven years working with the JSE, Accenture has helped the exchange formulate a new global business strategy, revise its business operating model and implement global technology initiatives.
    "In recent years the JSE has positioned itself to better meet internal and global business drivers brought about by increasing pressure from the marketplace and the rapidly changing financial services arena to be more cost effective," said Raju Makanjee a partner in Accenture's Financial Services practice. "Under these two new agreements, we can help the JSE pursue an aggressive growth agenda in a brave new era for the global capital markets infrastructure."

    About the JSE Securities Exchange

    The JSE was established in 1887 and is the 14th largest exchange in the world by market capitalisation and trades in equities, bonds and derivatives including agricultural product derivatives. The JSE is known for its innovative approach to operating financial markets and is continuously striving to achieve its aim of becoming the provider of choice for South African financial investments and for South African investors in international investments. Its home page is www.jse.co.za.

    About Accenture

    Accenture is a global management consulting, technology services and outsourcing company. Committed to delivering innovation, Accenture collaborates with its clients to help them become high-performance businesses and governments. With deep industry and business process expertise, broad global resources and a proven track record, Accenture can mobilize the right people, skills and technologies to help clients improve their performance. With more than 100,000 people in 48 countries, the company generated net revenues of US$13.67 billion for the fiscal year ended Aug. 31, 2004. Its home page is www.accenture.com.

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CONTACT: Accenture New York Sean K. Conway, Tel: +1-917-452-6444 Cell: +1-917-592-5744 sean.k.conway@accenture.com or Corporate Communications Consultants for JSE Roz Thomas, Tel: 011-783-8926 Fax: 011-783-7608 Cell: 082-925-8806 rozt@corpcom.co.za or Accenture Johannesburg Charles Webster Tel: +2782-331-7271 charles.webster@accenture.com

KEYWORD: NEW YORK SOUTH AFRICA INTERNATIONAL AFRICA/MIDDLE EAST INDUSTRY KEYWORD: HARDWARE BANKING SOFTWARE NETWORKING SOURCE: Accenture and JSE Securities Exchange South Africa

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