Reval, a provider of derivative risk managementsoftware and services, is releasing a new version of its Web-basedoffering that allows customers to specify policies for includingcredit in hedge accounting. The 9.0 version of Reval'sSoftware-as-a-Service also supports netting at the level of ISDAagreements for mark-to-market and hedge accounting and gives usersthe ability to choose between using bond yield spreads or creditdefault swap spreads when calculating credit adjustments.

IBM is introducing new hardware, software andservices designed to improve the security of collaborative businesstechnologies like cloud computing, virtualization and Web 2.0.Among the new products is the Proventia Virtualized NetworkSecurity Platform, a virtual offering that can help secure bothphysical and cloud assets and combines such services as intrusionprevention, Web application protection and network policyenforcement in a single product. A malware scanning product willallow users to test Web sites for embedded malware and theProventia Web application firewall provides protection againstmajor types of Web attacks and vulnerabilities.

SunGard has formed a partnership withNordea Bank, the biggest financial servicesinstitution in the Nordic region, that gives the bank's customersdirect access from SunGard's AvantGard treasury solution to thebank's treasury management services. As a result, the bank'scustomers will be able to access Web-enabled straight-throughprocessing for a range of payment and reporting services.

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