Salt Lake City, UT â March 15, 2006 â SunGard announced today that it has acquired Dataware Solutions, Inc., a leading provider of automated personal trading, code of ethics and employee compliance solutions for financial institutions. Dataware Solutions will become part of SunGardâs Protegent compliance, surveillance and suitability solutions business. The transaction, the terms of which have not been disclosed, is not expected to have a material impact on SunGardâs financial results.
âDataware Solutions brings expertise and a proven application that will help us to meet the proactive compliance needs of broker/dealers, investment advisors, hedge funds and money managers,â said Paul Erickson, president of SunGardâs Protegent business unit. âAdding Dataware Solutions to Protegent will help us extend employee compliance capabilities to organizations that need better risk controls but do not have the time or expertise to build a solution themselves.â
SunGard provides a diverse set of compliance and risk mitigation solutions that encompass risk management, surveillance, supervision, regulatory and ethics monitoring. Leveraging SunGardâs Common Services Architecture, compliance components can be rapidly deployed alongside or embedded within line-of-business systems and orchestrated to provide an enterprise-wide view. SunGard also provides regulatory and compliance consulting services that are designed to help senior executives at financial institutions assess the quality and substance of their risk and compliance programs.
SunGard provides an integrated suite of services to help advisors meet the financial needs of their clients, and capitalize on growing opportunities in wealth management. SunGard helps organizations deliver on the promise of a more holistic and consultative client experience by providing an array of capabilities for client profiling and financial planning, asset allocation and portfolio management, securities processing and asset accounting, and consolidated client reporting and performance measurement.