Integrity to Become Part of SunGard’s AvantGard Suite of Treasury Solutions
LONDON – March 7, 2005 - SunGard Treasury Systems, an operating group of SunGard (NYSE:SDS), today announced that it has acquired UK-based Integrity Treasury Solutions, which has offices in Australia, U.S., Canada and Europe. Integrity Treasury Solutions offers Integra-T, a Web-enabled front-, middle- and back-office cash and risk management solution. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard's financial results.
Integra-T will be an integrated part of SunGard’s AvantGard suite of treasury solutions for Web-based, straight-through processing of treasury transactions and information. Integra-T compliments AvantGard with a strong core treasury offering. More than 1,000 corporations and financial services organizations use AvantGard and its supporting services to automate treasury tasks, improve integration and support strategic activities such as cash forecasting.
Charles Cooke-Hurle, chief executive officer, Integrity Treasury Solutions, said, "Becoming part of SunGard is an opportunity to further our growth by joining SunGard’s vast resources and financial strength, and offering those benefits to our customers, including experts who share our passion for excellence and customer service."
Ken Dummitt, president of SunGard Treasury Systems, said, "This acquisition will not only enhance AvantGard, but will also expand our footprint around the world and enhance our team of experienced and knowledgeable treasury employees. Most importantly, Integrity shares our commitment to customer care and satisfaction, the cornerstone of our AvantGard strategy. We will continue to develop, enhance and support Integra-T and offer new and exciting AvantGard services and solutions to the Integrity customer base."
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