WAYNE, Pa., Dec. 14, 2010 /PRNewswire/ -- SunGard has been named the top vendor in the fifth annual RiskTech100 rankings compiled by Chartis Research, a leading provider of research and analysis on global risk technology markets. According to Chartis Research's RiskTech100 report, key contributors to SunGard's success in earning the top spot were product functionality, organizational strength and market presence, earning SunGard high scores for its Adaptiv, Ambit, APT, AvantGard, Front Arena, iWorks, Monis, Stream and Valdi solutions.
SunGard provides integrated, enterprise-wide solutions for market, liquidity, credit and operational risk management, as well as asset liability management. Customers include banks, securities houses, broker/dealers, clearers, asset managers, hedge funds, insurance companies, pension funds, corporations and government entities of every size, geographical reach and operational complexity.
SunGard solutions offer pre- and post-trade risk management, in real-time, across diverse trading and clearing platforms. They help banks perform multidimensional analysis of the balance sheet and create a centralized view of cash, liquidity, and risk across the enterprise. Additionally, SunGard solutions provide market risk models, performance and risk analytics, portfolio optimization and construction tools for the investment industry. SunGard's suite of liquidity management solutions for corporations helps organizations model enterprise risk around FX, market, interest rate, and commodity risk and corporate trade credit. SunGard's solutions for insurers help companies implement enterprise risk management (ERM) programs that support global regulatory reforms, such as Solvency II in Europe and improve visibility of risk throughout the organization.
The Chartis rankings provide a comprehensive assessment of the world's top 100 risk technology firms, and are recognized as one of the most comprehensive studies of the top technology firms active in risk management. The rankings are developed using a comprehensive review of risk management systems and a detailed assessment methodology. Results for this year were compiled from 827 questionnaires completed by technology buyers and end-users. More than 200 interviews were conducted with technology buyers, independent consultants and systems integrators specializing in risk technology to validate survey findings. In addition to earning the top spot overall, SunGard was also named the top vendor for Functionality and Market Presence, as well as in the vertical sector categories for Trading & Capital Markets and Insurance, and in the horizontal solution category for Liquidity Risk & ALM.
Peyman Mestchian, managing partner at Chartis Research, commented: "Recent events in the financial services sector, plus the introduction of new regulations and compliance initiatives have heightened the need for integrated risk management. Many risk technology vendors have jumped on this opportunity by promising a single platform for enterprise risk management. SunGard is one of a few vendors with the expertise and execution ability to deliver this promise by providing a portfolio of capabilities covering the full spectrum of financial risks in the banking book and trading book, as well as life insurance. We at Chartis have been impressed by SunGard's continuous investment in product development and customer service."
Harold Finders, division chief executive officer for SunGard Financial Systems, said, "For the third time in five years, SunGard has been named the #1 vendor in the RiskTech100 rankings, further demonstrating SunGard's position as a world-class provider of risk management solutions. Today's regulatory and compliance landscape, as well as the growing need for risk managers to increase transparency and efficiency across the enterprise, demand greater innovation, functionality and organizational strength. SunGard's risk management solutions encompass the full risk environment to address liquidity, credit, market and operational risk individually as well as together in collaboration to drive current and future risk strategies."
About Chartis Research
Chartis is the leading provider of research and analysis covering the global market for risk management technology. Our goal is to support enterprises seeking to optimize business performance through better risk management, corporate governance and compliance. We help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on the broad spectrum of risk technology offerings. Chartis Research is authorized in the United Kingdom by the Financial Services Authority (FSA) to provide investment advice. RiskTech100™ is a Registered Trade Mark of Chartis Research Limited (US Trade Mark Registration No. 3454398). For more information, visit www.chartis-research.com.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue exceeding $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, visit www.sungard.com.
Trademark Information: SunGard, the SunGard logo, Adaptiv, Ambit, APT, AvantGard, Front Arena, iWorks, Monis, Stream and Valdi are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.