ALCHEMY
WINS FIRST PRIZE AT SOFTWARE COMPETITION HELD BY KRL
23rd
July 2005
Islamabad,
Pakistan - Alchemy Associates / Alchemy Technologies
today won first prize in the commercial and professional
software category at the All Pakistan Software Competition
and Exhibition organised by Khuta Research Laboratories.
The competition commenced on July 23, 2005 and concluded
on July 25, 2005. It was divided into three categories:
professional and commercial category, student category
and, the under-16 category. Alchemy presented its flagship
product, the Alchemy Risk Manager, and picked the first
prize amongst 12 other participating firms.
Alchemy
Risk Manager is a Basel II complaint solution which offers
additional features such as treasury and risk adjusted
return calculator, derivative pricing engine, interest
rate simulation model, value at risk estimator, portfolio
benchmarking and back testing tool kit.
The
All Pakistan Software Competition & Exhibition (SC&E)
is a more than 15-year-old industry exhibition that show
cases locally developed solutions, judged by a blue ribbon
panel of academic and industry representatives.
Awais
Ahmed Khan Leghari, Federal Minister for Information Technology,
was present at the prize distribution ceremony, where
he addressed the gathering and distributed prizes amongst
the winners. He remarked that the aim is to “bring
the best out of the best and our country has scores of
high-calibre professionals capable of developing and producing
world-class IT products and services.”
Alchemy Associates / Alchemy Technologies is a boutique
risk management and actuarial consulting firm with 20
employees and a growing portfolio of blue chip customers
in Pakistan and Middle East.
-end-
For
additional information about the firm, please contact:
Jawwad Farid /Uzma Salahuddin
Alchemy Associates / Alchemy Technologies
103 – 104 Amber Estate
Main Shahrah-e-Faisal, Karachi 75350, Pakistan
Tel: +92 21 4535712
Fax: +92 21 4546291
Email: jawwad@alchemya.com,
uzma@alchemya.com
Website: http://www.alchemya.com
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