Credit Risk Experts Will Enhance Credient Development for SunGard Trading
And Risk Systems
NEW YORK, May 3 /PRNewswire/ -- SunGard Trading and Risk Systems, an
operating group of SunGard (NYSE: SDS), today announced that it has acquired
Alpha-Numeric Developments (AND), a credit risk software development and
consultancy business based in Oxford, England. The AND group will enhance the
research, development and implementation efforts of Credient, SunGard's
comprehensive service for global credit risk management and control, delivered
via an application service provider (ASP) framework.
Under terms of the acquisition, AND will become part of SunGard Trading
and Risk Systems. The team of expert credit risk developers and project
managers will continue operations at the Oxford research and development
center, focusing on the development, quality assurance and professional
services of Credient. The Credient service provides a total, real-time, credit
risk solution for global exposure aggregation and limits management, credit
risk analytics, collateral management and Web-based communications.
The team will continue to be led by Brad Impey, who has over 15 years of
experience in the financial risk management arena. He was previously the
managing director of software development at AND. David Blakes, the founder
and chairman of AND, will be the head of professional services.
David Rowe, senior vice president, risk management, at SunGard Trading and
Risk Systems, said, "Our acquisition of Alpha-Numeric Developments is strongly
supported by our client partners as they migrate to our new state-of-the-art
credit risk service, Credient. AND uniquely bridges the gap between academia
and practical application, with ongoing relationships with research experts in
quantitative finance, mathematics, physics and engineering at Oxford
University. The combination of Credient with AND ensures that we can continue
to provide to our clients a world-class service for global credit limit
management, risk analysis and collateral management."
Jim Ashton, chief executive officer of SunGard Trading and Risk Systems,
said, "Our continued investment in Credient supports the need for robust
credit risk management solutions in today's market and regulatory environment.
The acquisition of Alpha-Numeric Developments reinforces our commitment to
providing integrated, innovative solutions, coupled with the highest level of
professional services."
About SunGard Trading & Risk Systems
SunGard Trading and Risk Systems provides integrated, enterprise-wide
solutions for financial trading, risk management and operations, as well as
asset liability management and financial planning and forecasting. Serving
over 500 clients, it offers Web-enabled solutions for achieving
straight-through processing, and for managing market, credit and operational
risk. Clients include banks, broker/dealers, asset managers, hedge funds,
corporate and government treasuries of every size, geographical reach and
operational complexity. For energy companies, SunGard Trading and Risk Systems
provides trading, risk management and commodity scheduling software solutions.
About SunGard
SunGard is a global leader in integrated IT solutions and eProcessing for
financial services. SunGard is also the pioneer and a leading provider of
high-availability infrastructure for business continuity. With annual revenues
in excess of $1 billion, SunGard serves more than 10,000 clients in over
50 countries, including 47 of the world's 50 largest financial services
institutions. Visit SunGard at http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo and Credient are
trademarks or registered trademarks of SunGard Data Systems Inc. in the
U.S. and other countries. All other trade names are trademarks or registered
trademarks of their respective holders.
SOURCE SunGard Trading and Risk Systems
 back to top
Related links:
http://www.sungard.com
CONTACT:
Europe, Sally Clarke, 44-207-337-1018, or
fax, 44-207-337-6010, or sally.clarke@risk.sungard.com, or Asia &
The Americas, Adriana Senior, 212-317-7489, or fax, 212-223-0220,
or adriana.senior@risk.sungard.com, both of SunGard Trading and
Risk Systems
|
