Of Special Interest
6th September 2011
SunGard completes on FINACE
SunGard has completed the acquisition of FINACE, the Swiss provider of securities lending and collateral management software. The seller was Swisscom IT Services. No financials of the deal were disclosed.
SunGard comment, "FINACE offers a combination of solutions and specialist knowledge for securities finance and collateral management operations. Its offering will complement SunGard's existing portfolio of securities finance solutions, including Apex, Astec, Global One and Loanet. The FINACE solution suite also has proven strengths in private bank lending which will enhance SunGard's offerings to European regional and private banks. FINACE will become part of SunGard's capital markets business."