SunGard Closes Syntesys Acquisition to Offer Expanded SWIFT Connectivity and Services
January 9, 2012 — Paris
SunGard has completed its acquisition of Syntesys, a European SWIFT service bureau and network of business and technical experts dedicated to serving the SWIFT community. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard’s financial results.
The Syntesys acquisition will strengthen SunGard’s AvantGard Ecosystem Communication Hub (Echos) offering by expanding service bureau delivery capacity and locations as well as adding a suite of SWIFTReady services. SunGard’s AvantGard Echos provides managed connectivity for corporations and financial institutions with access to a suite of services such as electronic bank account management (eBAM), statement aggregation and bank fee analysis. The management and staff of Syntesys will join SunGard and will be based in France, the United Kingdom, Switzerland and Germany.
Adyl Sayagh, chief executive officer of Syntesys said, “The addition of Syntesys solutions to the SunGard offerings will help our corporate and banking customers gain easier and faster connectivity. Our services help banks deliver greater value to their corporate customers while helping corporations streamline their connectivity.”
“The addition of Syntesys will help us offer an expanded set of managed services around SWIFT connectivity while also increasing our service bureau capacity in EMEA,” said Scott Coffing, president of SunGard’s corporate liquidity business. “Corporate treasurers are also looking for more services to be delivered through the bank communication channel including eBAM. In order to help meet this requirement, SWIFT has selected SunGard for its eBAM Central Utility Pilot to help corporations achieve straight-through-processing of eBAM messages. Now, with Syntesys, we can also offer a suite of services to assist with onboarding as well as increased delivery capacity.”
About Syntesys
Syntesys is one of the first European networks of business and technical experts fully dedicated to serving the SWIFT community. Syntesys has a proven track record in providing end-to-end professional services and SWIFT-enabled solutions. Syntesys was created in January 2008, from the merger of OnFin and Cardinal Consulting, SWIFT service partners and providers of business and technical solutions to SWIFT customers in France and Switzerland.
About SunGard’s AvantGard
SunGard’s AvantGard is a leading liquidity management solution for corporations, insurance companies and the public sector. AvantGard provides chief financial officers and treasurers with real-time visibility into cash flows and increased operational controls around receivables, treasury and payments. AvantGard helps companies drive free cash flow and reduce inefficiencies across the EcoSystem of suppliers, buyers, banks and other trading partners. For more information, visit www.sungard.com/avantgard.
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 AvantGard 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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