Ibbotson Associates Hires Veteran Software Professional to Lead Software Development

CHICAGO, Nov. 2, 1999 (PRIMEZONE) -- Ibbotson Associates today announced that Jack Kreger has joined the company as vice president of software product development. Mr. Kreger will lead development of the Ibbotson Windows(tm) and Web-based investment planning and analysis software lines. Ibbotson is a Chicago-based company that provides investment software, consulting, training and research to the investment and financial advisory industry.

"We are dedicated to bringing statistically advanced, cutting-edge investment tools to the market," said Mike Henkel, president of Ibbotson Associates. "With three decades of software development and managerial experience, Jack will be a driving force behind our continued success."

Mr. Kreger's career as a software and systems professional spans 30 years. Prior to joining Ibbotson, Mr. Kreger held key software development and management positions at System Software Associates, Reuters, AT&T Computer Systems, and Western Electric Company. He received his bachelor's degree in mathematics and computer science from the University of Illinois in Urbana, Illinois.

"I am very excited to join a company with such a great tradition of introducing innovative products and services to a rapidly changing market," commented Mr. Kreger. "As the financial arena becomes increasingly complicated and the Internet becomes increasingly crowded with information, I believe there is tremendous opportunity for effective investment products."

Ibbotson Associates, founded by Professor Roger Ibbotson in 1976, is the world's leading authority on asset allocation, providing products and services to help investment professionals make the best asset allocation decisions for their clients.

The company's business lines include consulting and research; investment forecasting, planning and analysis software; educational services ranging from on-site workshops to computer based training; and a widely used line of presentation materials designed to educate clients on asset allocation concepts and investment principles. With offices in Chicago and New York, Ibbotson Associates fills a growing need in the finance and investment industry for an independent, single source provider of investment knowledge, practical application expertise, leading edge technology, educational services and sales presentation tools. Ibbotson markets its integrated product line of investment analytical tools and services to institutional money managers, plan sponsors, and consultants for quantitative analysis, high level decision making and presentations. The company's clients also include financial planners, brokers, mutual fund firms, private bankers and small money managers.


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