SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Technology StocksSungard Data Systems (NYSE:SDS)


Previous 10 Next 10 
To: OldAIMGuy who wrote (72)8/29/2001 8:38:18 AM
From: JakeStraw
   of 131
 
SunGard Launches Outsourced Wealth Management Services; New Unit to Provide Single, Integrated Solution for Outsourcing
biz.yahoo.com
WICHITA, Kansas, Aug. 28 /PRNewswire/ -- SunGard Asset Management Systems, an operating group of SunGard (NYSE: SDS), today announced the formation of SunGard Wealth Management Services, LLC. The new operating unit will provide turnkey, outsourced wealth management services to banks, registered investment advisors and other financial services organizations.

SunGard Asset Management Systems is a leading provider of software and system solutions to the trust, investment, brokerage, mutual fund, and 401(k) industry. The formation of SunGard Wealth Management Services will enable the company to broaden its role by offering customers a single, integrated solution for outsourcing securities operations, investment accounting, trust operations, employee benefit recordkeeping, investment programs, and financial planning, as well as marketing, training, and risk management programs for wealth management businesses.

SunGard launched the new business in cooperation with INTRUST Bank, Wichita, KS. INTRUST, a longtime customer of SunGard, will become the charter customer of SunGard Wealth Management Services.

``The leverage that INTRUST will gain from this relationship is tremendous,'' said Ron Baldwin, vice chairman, INTRUST Bank. ``The breadth of financial tools now available to us will support not only asset management and administration, but also client service and sales.'' Baldwin added, ``We will benefit from this service with a reduction of costs, increased productivity and improved customer service, providing the conduit for INTRUST to serve, retain, and grow our client relationships, while managing and growing our business.''

Phil Owings, president of the newly-formed SunGard Wealth Management Services, explained, ``The services provided by SunGard Wealth Management Services are a natural extension of the technology solutions SunGard has delivered successfully for years. Financial service organizations are recognizing the importance of offering an integrated, high-quality package of wealth management services, and the challenge it represents. SunGard is the answer to that challenge.'' In addition to Mr. Owings, several other key managers from INTRUST have joined SunGard to lead the new venture.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: JakeStraw who wrote (83)9/4/2001 9:15:39 AM
From: JakeStraw
   of 131
 
SunGard eTX Connects With ICAP's ETC Platform for Trade Execution and Straight-Through Processing
biz.yahoo.com
CALABASAS, Calif.--(BUSINESS WIRE)--Sept. 4, 2001--SunGard Treasury Systems, an operating group of SunGard (NYSE:SDS), today announced a partnership with ICAP Electronic Broking, a division of ICAP plc., to utilize the ETC(TM) Trading platform, together with eTreasury eXchange's straight-through processing for trading credit market instruments.

Last year, ICAP launched the Electronic Trading Community platform (ETC(TM)) that allows traders at major banks and investment houses to transact deals via a private extranet or the Internet.

ETC(TM) is a Java(TM) based application that provides real-time electronic access to the same liquidity pools as the voice-brokered market. Combining ETC(TM) with SunGard's eTX will enable SunGard clients to react to real-time trading opportunities.

Steve McDermott, chief executive of electronic trading at Garban-Intercapital, said: ``ETC(TM) was our first phase of a focused e-commerce strategy to produce an interactive network providing fast, cost-effective electronic broking and straight-through processing. By joining with eTX, we can offer a suite of services unique to the industry.''

SunGard eTX provides secure, real-time treasury functionality as a service of the SunGard Transaction Network (STN). It provides seamless integration between SunGard's treasury management applications (Quantum, GTM, ICMS/TS and ResourceIQ) and the financial community for cash management services and execution services (trading, borrowing and investment). SunGard Treasury Systems is a global provider of leading treasury management solutions. The eTreasury eXchange initiative, which was unveiled in November 2000, links SunGard Treasury's extensive international customer base to their financial services providers for cash management and banking services as well as transaction services in a range of financial products.

``Our technology and expertise, combined with Garban-Intercapital's access to liquidity, will add significant value for our treasury system clients,'' said Gary Bishop, president, SunGard Treasury Systems. ``eTX will enable Garban's client banks to increase trading volumes and service opportunities with SunGard Treasury Systems' clients via straight-through processing,'' Bishop said.

About ICAP plc

ICAP provides a specialist intermediary broking service to commercial banks, investment banks and other ``liquidity providers'' in the wholesale financial markets. As an integrated and increasingly technology based business ICAP is the largest operator of ``liquidity pools'' in these markets.

ICAP plc is listed on the London Stock Exchange (LSE:ICA.L) and joined the FTSE 250 Index in March 2001. ICAP plc posted a profit of (pound)75.6 million for the 12 months ended March 31, 2001. You can learn more by visiting www.icap.com.

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: JakeStraw who wrote (84)9/4/2001 12:20:22 PM
From: OldAIMGuy
   of 131
 
Hi JS, Thanks for the latest news items on SDS. I'm currently in between buy and sell points with the price/share nearer the buy side.

Best regards, Tom

Share RecommendKeepReplyMark as Last Read


To: JakeStraw who wrote (84)10/12/2001 1:04:33 PM
From: JakeStraw
   of 131
 
SunGard to Buy Comdisco Services Unit
biz.yahoo.com
ROSEMONT, Ill. (Reuters) - Computer leasing company Comdisco Inc. (NYSE:CDO) said on Friday it would sell its technology services business to SunGard Data Systems Inc. (NYSE:SDS) for $825 million after the financial services software company topped an earlier offer by Hewlett-Packard Co.(NYSE:HWP)

The deal for the services business, which helps companies do back-ups and prepare for potential disasters, came after a court-authorized auction and is subject to approval by U.S. Bankruptcy Court in Illinois on Oct. 23.

Rosemont, Illinois-based Comdisco, whose main business is leasing computers and equipment, said the SunGard bid was fully supported by the official unsecured creditors committee and equity committee.

Comdisco, hit by investment losses and working to manage a mountain of debt, filed for bankruptcy protection in July and said then that it would sell its services business to Hewlett-Packard for $610 million in cash. By the terms of that agreement, Comdisco said on Friday that the Hewlett-Packard offer remains open through Dec. 19.

In August, Wayne, Pennsylvania-based SunGard made a $775 million offer for the Comdisco technology services business, and also filed a legal objection to the bidding procedures proposed by Comdisco and Hewlett-Packard in Comdisco's bankruptcy proceedings.

Both Comdisco and SunGard have been providing disaster recovery services for corporations after the Sept. 11 attacks on New York and Washington.

``The exceptional skills of Comdisco's Availability Solutions staff have been more apparent than ever in the wake of the World Trade Center disaster,'' SunGard Chief Executive Officer James Mann said in a statement. ``The combination of our two businesses will ensure that there will be a strong independent vendor in this important industry.''

The sale to SunGard, which the companies are seeking to close as soon as possible after court approval, includes the purchase of assets of Comdisco's U.S. operations and the stock of its subsidiaries in Britain, France and Canada related to the business, known as Availability Solutions.

The sale excludes the purchase of the stock of subsidiaries in Germany and Spain, as well as other assets such as Network Services and IT CAP Solutions, Comdisco said.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: JakeStraw who wrote (86)10/23/2001 8:16:47 AM
From: JakeStraw
   of 131
 
SunGard Announces Asia-Pacific Expansion
biz.yahoo.com
SINGAPORE--(BUSINESS WIRE)--Oct. 22, 2001--SunGard (NYSE:SDS) today announced its plans to expand its presence in Asia-Pacific.

The Company has established SunGard Asia-Pacific, headquartered in Singapore, specifically to distribute SunGard products in the region.

SunGard Asia-Pacific's president, Matt Mandalinci, said, ``SunGard currently serves more than five hundred clients in Asia-Pacific, including many of the region's largest financial institutions. The objective of setting up a distribution and support organization is to provide additional focus for our international expansion. With fourteen operating units already offering specialized products in the region, SunGard Asia-Pacific will bring additional resources and the commitment of a global technology company with local knowledge and expertise.''

SunGard already has offices in Singapore, Sydney, Melbourne, Perth, Christchurch, Wellington, Hong Kong, and Bangkok. The Company has recently opened offices in Beijing and Seoul and plans another in Taipei.

Cris Conde, president of SunGard, said, ``SunGard has a strong and expanding presence in Asia-Pacific. The region represents over half the world's population and both local and global financial institutions are rapidly bringing to market new products and services. Their primary challenge is how to integrate new services with their legacy systems in a cross border environment. With a focus on integration and transaction networks, SunGard is ideally placed to help our clients address this challenge. Integrated Solutions combine selected SunGard best-of-breed applications to provide straight-through processing within an institution. The SunGard Transaction Network connects the different parties in the financial marketplace to achieve straight-through processing between institutions.''

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: JakeStraw who wrote (87)10/24/2001 8:21:41 AM
From: JakeStraw
   of 131
 
Bear Stearns Selects SunGard to Power e-Brokerage Business
biz.yahoo.com
NEW YORK--(BUSINESS WIRE)--Oct. 23, 2001--SunGard EMS, an operating unit of SunGard (NYSE:SDS), announced today that Bear, Stearns Securities Corp., one of the world's leading securities trading and brokerage firms, has chosen SunGard technology to power the retail e-brokerage operation of its correspondent business.

Built on SunGard's robust, second-generation BrokerWare technology platform, the Bear Stearns' solution will provide unique, flexible online trading sites to more than 200 correspondent firms in the United States. Along with seamless integration to existing back-office and order processing technologies, SunGard EMS will also provide a host of market data and Web-based services, including real-time quotes, alerts, advanced charting, and integration with third-party services. The solution will be hosted at SunGard's new data center in Mt. Laurel, NJ.

``SunGard's robust feature set and efficient architecture will offer Bear Stearns' clients expanded and enhanced functionality, both in terms of content, customization and services offered,'' commented Bennett Egeth, senior managing director in the Global Clearing Services for Bear Stearns Securities Corp. ``We're confident that the SunGard solution will give our correspondents a competitive edge in the rapidly consolidating brokerage market.''

As a custom-built solution, this large-scale project involves a mix of existing XML messaging technology and professional services development. The solution will give Bear Stearns the ability to rapidly create, entitle, and launch individual Web sites, as well as customize the Web interface to provide a uniquely-branded site to each of its correspondent firms.

``The Bear Stearns project represents a breakthrough for SunGard EMS,'' explained Richard Seguin, president, SunGard EMS. ``While we've been servicing US clients for several years now, this latest deal gives us a tremendous boost both in terms of reach and visibility in the US.''

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: JakeStraw who wrote (88)11/6/2001 1:09:16 PM
From: JakeStraw
   of 131
 
SunGard's INVEST ONE Expands Business in Canada
TD Bank Financial Group to Utilize SunGard's INVEST ONE Investment Accounting Solution
biz.yahoo.com
CHICAGO, Nov. 6 /PRNewswire/ -- SunGard Investment Management Systems today announced that Canadian-based, TD Bank Financial Group has licensed SunGard's INVEST ONE, investment accounting solution to process their institutional portfolios and mutual funds for both internal and third party funds. INVEST ONE currently processes over US$7 trillion in portfolio assets for clients in 20 countries. With this deal, signed in recent months, TD Bank Financial Group is now the fourth Canadian INVEST ONE client.

Jerry Beniuk, vice president and managing director, Wealth Management, TD Bank Financial Group, comments, ``We are excited that SunGard is providing a proven solution to do both fund and portfolio accounting for our key business lines. INVEST ONE leverages advanced technology with a highly flexible Web- deployed architecture that will allow us to increase operational efficiency, enhance client delivery, and assist in creating a paperless workflow environment for our CDN$80 billion assets processed in these portfolios.''

INVEST ONE processes investment accounting for over 175 mutual fund groups, 11 of the top 50 world banking companies, 16 of the top 20 U.S. banks, and many of the world's largest pension plans and offshore funds. SunGard delivers its solutions either for client installation in-house or through SunGard's ASP environment. Additional information is available at www.sungardinvestment.com .

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: JakeStraw who wrote (89)11/19/2001 8:38:19 AM
From: JakeStraw
   of 131
 
SunGard Named Technology Company of the Year
biz.yahoo.com
WAYNE, Pa.--(BUSINESS WIRE)--Nov. 19, 2001--Today SunGard (NYSE:SDS) announced that it has been named Technology Company of the Year by the Eastern Technology Council (ETC). The company accepted the award last Thursday night at the council's annual black tie awards ceremony at the Philadelphia Convention Center.

The ETC's criteria for award nominees include corporate growth strategy, market leadership, product line growth, employment growth and attributes and achievements of executive leaders.

``SunGard's success supports recent reports that rank Greater Philadelphia at or near the top of national rankings for the technology industry. No company better exemplifies the durability, tenacity and pragmatism of this region than SunGard,'' said Rob McCord, Eastern Technology Council president and chief executive officer.

Cris Conde, SunGard president and chief operating officer, commented, ``We are very pleased to be recognized with this award. We believe it comes as a result of the hard work and dedication that our employees have shown in support of our mission--which is to provide always on, integrated straight-through processing solutions and high-availability services for business continuity. SunGard's greatest asset is truly its people.''

About Eastern Technology Council (ETC)

Led by executives of America's most innovative technology companies, Eastern Technology Council has nearly 1,200 technology-oriented companies in its membership, including emerging, high growth and established firms. The Council serves leaders of technology-oriented companies by providing valuable contacts, capital, and information with a broad variety of events, publications, and innovative services. Visit Eastern Technology Council at techcouncil.org.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: JakeStraw who wrote (90)11/19/2001 11:36:36 AM
From: OldAIMGuy
   of 131
 
Thanks Jake, the stock is performing better as well. Nice to see it nearing $30.

Best regards, Tom

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: OldAIMGuy who wrote (91)11/20/2001 8:57:24 AM
From: JakeStraw
   of 131
 
SunGard Recognized as Global Leader in SWIFT Certified Solutions for Second Consecutive Year
biz.yahoo.com
WAYNE, Pa.--(BUSINESS WIRE)--Nov. 20, 2001--Today SunGard (NYSE:SDS) announced that its straight-through processing solutions have garnered five SWIFTReady labels, the most for a technology vendor, for the second consecutive year. SunGard's Omni IC and MINT solutions have achieved SWIFTReady Gold status, and intelliMATCH EP has acheived SWIFTReady gold status twice, both for reconciliation and for payments. Global Plus has achieved SWIFTReady Silver status.

SWIFT is an industry-owned cooperative supplying secure messaging services and interface software to over 7,000 financial institutions in 194 countries. SWIFTReady labeling, introduced in 1998, provides a formula for benchmarking third party products that interact with messages that flow over the SWIFT network. SWIFTReady labels identify products that are SWIFT-compliant, integrate efficiently in a SWIFT environment, increase traffic automation and improve straight-through processing (STP). SWIFTReady Gold is the higher of the two awards.

``SunGard is a global leader in providing S.W.I.F.T.-enabled solutions for straight-through processing. S.W.I.F.T. is recognizing- through the several Gold and Silver `SWIFTReady' labels - the value SunGard applications offer our joint customers. SWIFT is looking forward to continuing this cooperation with SunGard to bring a new series of SWIFTNet enabled solutions to the market,'' said Victor Abbeloos, head of partner solutions, SWIFT.

Mack Gill, director of alliances for SunGard, commented, ``SunGard is pleased to once again be recognized by SWIFT as a provider of industry-leading solutions for financial services. Receiving the most SWIFTReady accreditations for the second year in a row demonstrates SunGard's commitment to providing the financial community with integrated, straight-through processing solutions. The value is in the network.''

SunGard's Omni IC, Gold accredited in the securities category, is an on-line, real-time, multi-platform system for domestic, regional or global custody accounting and services that includes multi-lingual, multi-booking and multi-currency processing capabilities. True platform scalability allows Omni IC to serve any size organization from a local emerging market operation to the largest global custodian on an efficient cost basis. This international custody system accomplishes straight-through processing from transaction entry to the delivery of client statements.

SunGard's intelliMATCH EP, garnered two SWIFTReady Gold labels this year, for both Reconciliation for Securities and also for Reconciliation for Payments. IntelliMATCH EP is a robust matching engine that provides a common platform for the reconciliation of multiple instruments including cash accounts, securities positions and movements, and trade confirmations and advices and performs exception processing. It automatically resolves exceptions, rather than just identifying them. intelliMATCH EP allows an institution to track the lifecycle of a transaction intra-day and in real-time, thus enhancing its Cash and Collateral management.

The MINT Knowledge Family, also SWIFTReady Gold accredited, is a comprehensive set of components for complete business integration. It transforms an organization's information assets into centrally managed knowledge, making it visible and available across the extended enterprise. The MINT family leverages emerging technology standards such as Java and XML.

Global Plus, which enjoys SWIFTReady Silver status, is an integrated, real-time, multi- currency, multi-lingual asset management and accounting platform used by global custodians and asset management institutions to profitably manage their high net worth and pension account clients.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)
Previous 10 Next 10