29 Oct 2007

Thomson Financial In Strategic Alliance With ATS Corporation Appix Subsidiary

New York, NY

Thomson Financial, an operating unit of The Thomson Corporation (TSX: TOC, NYSE: TOC) and a leading provider of information, news and technology solutions to the worldwide financial community, today announced a strategic alliance with Appix, a subsidiary of ATS Corporation (OTCBB: ATCT.OB), to offer Appix financial management software to the broker dealer market.  Under terms of the agreement, Thomson Transaction Services (TTS) will integrate the Appix mortgage backed securities processing system into its main product TTSHost, and market it as TTSMortgage. TTS is one of the largest securities data-processing firms in the U.S., offering a comprehensive system for self-clearing and correspondent brokerage firms.  

The TTS Mortgage integrated platform is a hosted solution within Thomson Transaction Service’s brokerage processing solution.  TTSMortgage streamlines the allocation process with direct connections to EPN (Electronic Pool Notification) which ensures straight through processing.

“The integration of the Appix product rounds out the solutions that TTS now offers to fixed income focused broker/dealers,” said Gordon Fox, Managing Director, Thomson Transaction Services.  “We are enthused about how well the TTSMortgage solution complements our back office, repo processing, and fixed income trading products,” said Fox.

“This partnership enhances the TTS institutional offering by providing an integrated mortgage backed allocation system for pool allocations,” said Christopher F. Feeney, Global Managing Director, Wealth Management, Thomson Financial.

“Thomson’s selection of our fixed income software validates that our product provides best in class inventory management and clearance capabilities to institutional investors,” said ATSC Vice President Doug Starkey.  “Additionally, our mortgage backed securities processing product contains operational and portfolio maximizing innovations used by our customers to considerably expand their business capabilities,” said Starkey.

ATSC President and Chief Executive Officer Dr. Edward H. Bersoff added, “We are excited about the Appix-Thomson partnership.  It will significantly extend our product offering into the broker dealer market and add an important application service provider dimension to our solution.”

About Appix, Inc.
ATSC leverages its IT services, management consulting, and software and systems development solutions expertise into financial institutions, insurance companies and government sponsored enterprises through a Appix.  This subsidiary is one of the largest providers of outsourced professional services at Fannie Mae and currently serves many Fortune 500 financial services and insurance companies. Additional information about Appix may be found at www.appix.com.

About ATS Corporation
ATS Corporation operates through its subsidiaries, ATS, Reliable Integration Services, Potomac Management Group (“PMG”), and Appix, Inc. (“Appix”). ATS Corporation is a leading provider of systems integration and application development, IT infrastructure management and strategic consulting services to U.S. federal and state and local government agencies, financial institutions and government sponsored enterprises. Since its founding in 1978, ATS has been recognized for its custom software development and software integration capabilities and its deep domain expertise in federal government financial, human resource and data management systems. ATS has built and implemented over 100 mission-critical systems for clients.

About Thomson Financial
Thomson Financial, with 2006 revenues of US$2 billion, is a provider of information and technology solutions to the worldwide financial community. Through the widest range of products and services in the industry, Thomson Financial helps clients in more than 70 countries make better decisions, be more productive and achieve superior results. Thomson Financial is part of The Thomson Corporation (www.thomson.com), a global leader in providing essential electronic workflow solutions to business and professional customers. With operational headquarters in Stamford, Conn., Thomson provides value-added information, software tools and applications to professionals in the fields of law, tax, accounting, financial services, scientific research and healthcare. The Corporation’s common shares are listed on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).