SunGard Acquires Financial Technology Integrators (FTI)
SunGard (http://www.sungard.com) today announced that it has acquired the assets of Financial Technology Integrators, LLC (FTI). FTI delivers portfolio management, pre-trade compliance, regulatory compliance, integrated performance reporting and modeling systems in a Web services environment. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard’s financial results.
Founded in 1999, FTI has been a fast-growing provider of ASP-based financial service applications for the bank, trust and investment management community. FTI’s services combine financial data from multiple systems with a customized solution to enhance and streamline investment processes and workflows. FTI provides Web service-based software products, data integration and services that help lower cost and increase return on investment for mission-critical operations in the financial services industry.
“FTI has worked closely with SunGard over the past few years to integrate a number of our wealth management and investment solutions in order to bring added value to the customers we serve,” said Bill McFadden, chief operating officer and founder of FTI. “Joining SunGard’s wealth management business, further integrating our products and collaborating on innovative new solutions will help our customers improve productivity, increase processing efficiencies and streamline investment workflows.”
“Investment managers are facing a new set of complex challenges in managing their businesses,” said Kevin Rafferty, president of SunGard’s wealth management business. “In order to help our customers excel in this changing environment we are pleased that FTI has become part of SunGard’s growing wealth management business. Incorporating FTI’s offerings into SunGard’s suite of end-to-end wealth management solutions will better position us to help our customers attract, service, manage and grow their client relationships.”
About SunGard Solutions for Wealth Management
SunGard is a leading provider of wealth management solutions that help financial advisors, investment managers, bankers, compliance officers and financial services executives grow their businesses by meeting the needs of their mass affluent, high-net worth and institutional customers. SunGard provides an integrated suite of services and best-of-breed point solutions for financial planning, asset allocation, portfolio management, unified managed account programs, trade execution, asset management, custody, trust accounting, compliance and reporting. These solutions are designed to help wealth management firms and practitioners expand client relationships and increase assets while complying with regulatory mandates.
With annual revenue exceeding $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.
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