SunGard Acquires Pilot Software from TOBAM
January 10, 2012 — Paris
SunGard has acquired the Pilot solution from TOBAM, a Paris, France-based asset management firm. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard’s financial results.
The Pilot solution, built and used by TOBAM as its decision support solution for the fund’s principals, is complementary to SunGard’s Asset Arena solution suite, which supports the core functions of the asset management industry including investment management, investment operations and investor servicing.
Yves Choueifaty, president of TOBAM, said, “Regulators and investors continue to demand greater transparency and robust operations from asset management firms. As a result, small-to-mid-sized asset managers are further faced with cost pressures and competition from larger firms. We developed the Pilot solution to help us service high demand clients with increased transparency and reliability. We are proud that these features have been recognized by SunGard.”
Martin Boyd, president of SunGard’s asset management business, said, “SunGard has chosen to acquire Pilot, a comprehensive solution developed and used by portfolio managers, from which to build our solutions for smaller asset managers. We will leverage our innovative technology infrastructure and development framework, rich solutions portfolio and quality assurance testing to further evolve Pilot for this customer base.”
About TOBAM
TOBAM is an asset management group which offers an innovative investment approach and looks to provide maximum diversification. The Anti-Benchmark model, created by Yves Choueifaty, is a quantitative investment style conceived to maximise the efficiency of equity portfolios, profiting from the benefits of diversification. It aims to provide investors with the opportunity to access a more diversified exposure than the capitalisation-weighted stock indices alone, improving their risk-return.
Today, the group manages more than 2 billion dollars in assets under management across its Anti-Benchmark range, on behalf of its international institutional clients. Its team is comprised of 18 investments professionals based in Paris, Amsterdam and Los Angeles.
For further information: www.tobam.fr
About SunGard’s Solutions for Asset Management
SunGard’s asset management solutions help institutional investors, hedge funds, private equity firms, fund administrators and securities transfer agents improve both investment decision-making and operational efficiency, while managing risk and increasing transparency. SunGard’s solutions support every stage of the investment process, from research and portfolio management, to valuation, risk management, compliance, investment accounting, transfer agency and client reporting. For more information, visit www.sungard.com/assetmanagement.
About SunGard
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 20,000 employees and serves over 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, 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 of about $5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, visit www.sungard.com.
Trademark Information: SunGard, the SunGard logo and Asset 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.
