STOCKHOLM, Oct. 7 /PRNewswire/ -- SunGard today announced that it has acquired Swedish financial technology consulting services firm Mindwell. The acquisition will strengthen SunGard's capital markets expertise in Sweden, Switzerland and the Netherlands. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard's financial results.
Mindwell's strong domain knowledge of capital markets and familiarity with SunGard's Front Arena and other trading and risk management solutions will help SunGard offer a broader range of capital markets financial technology and business consulting services.
Per Olsson Ravn, chief executive officer of Mindwell, said, "As part of SunGard, we will be better positioned to deliver innovation and best practices to the global capital markets community. Together we will continue to develop our business consulting and systems integration and implementation capabilities."
Juerg Hunziker, president of SunGard's Adaptiv and Front Arena business unit, said, "Mindwell has a strong reputation for combining specialist systems expertise with capital markets domain knowledge. It has provided tangible benefits to capital markets organizations globally. The acquisition of Mindwell represents a milestone in our commitment to expanding the range of specialized skills and services we offer our customers around the world."
About SunGard's Front Arena
SunGard Front Arena is a global capital markets solution that delivers position control across multiple asset classes and business lines. Integrating sales and distribution, trading and risk management, and settlement and accounting, Front Arena helps capital markets businesses around the world improve performance, transparency and automation. Find out more at http://www.sungard.com/positioncontrol.
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 and Front Arena 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.
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