Deloitte (Deloitte & Touche LLP UK) has today announced the sale of the Prophet™ system to SunGard. Prophet™ is an integrated suite of actuarial systems providing a range of advanced facilities for profit testing, valuation and model office work. It is used by over 500 insurance companies worldwide.

Commenting on the sale Jan Kamieniecki, head of Deloitte’s actuarial and insurance practice said: “"We are very pleased to have found a good home for Prophet in SunGard and are confident that they will continue to enhance the solution and meet the growing needs of its global client base. This transaction, whilst primarily driven by regulation, represents a key step in our evolution away from being a narrow actuarial firm towards our rightful place at the very core of Deloitte's multitude of offerings for the financial services sector. "In parallel, the issues facing our clients increasingly straddle traditional industry boundaries and require a range of professional competencies; as a multidisciplinary firm we are best placed to help."

The terms of the transaction are not being disclosed. Approximately 35 Deloitte staff and one partner in the UK will be transferring to SunGard in Chertsey.

“Stringent compliance issues have created a new demand for market participants to embrace technology solutions,” said Gavin Lavelle, president of SunGard’s Sherwood Systems business unit. “Through the acquisition of Prophet and by continued expansion of our full range of solutions, SunGard is underlining its commitment to help the insurance industry meet customer demands and maintain its competitive edge. We are pleased to welcome Prophet’s customers to SunGard and look forward to expanding our services.”

- Ends -

Notes to editor

Originally launched in 1987, Prophet was designed and developed to meet many of the actuarial needs of financial services companies throughout the world.  The system is currently used by over 5,000 people in over 500 companies in more than 50 countries worldwide.

About Deloitte

In this press release references to Deloitte are references to Deloitte & Touche LLP.

Deloitte & Touche LLP is based in 21 UK locations, with over 9,500 staff nationwide and fee income of £1,355 million in 2004/2005. It is a member firm of Deloitte Touche Tohmatsu, a leading professional services organisation, delivering world-class audit, tax, consulting and corporate finance services, with around 120,000 people in over 140 countries. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity.

Deloitte & Touche LLP is authorised and regulated by the Financial Services Authority.

The information contained in this press release is correct at the time of going to press.

About SunGard

With annual revenue of $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector.  SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business.  SunGard serves more than 25,000 customers in more than 50 countries, including the world’s 50 largest financial services companies.  Visit SunGard at www.sungard.com

Trademark information: SunGard and the SunGard logo are trademarks of SunGard Data Systems Inc. or it subsidiaries in the U.S. and other countries.  All other trade names are trademarks or registered trademarks of their respective holders.