NEW YORK, March 4, 2002â SunGard Trading and Risk Systems, an operating group of SunGard (NYSE: SDS), today announced that it has acquired EnFORM Technology, LLC a Houston-based technology consulting firm that builds complex custom software applications for the Fortune 1000, with a particular emphasis on the energy and telecommunications industries. EnFORM will be an independent operating unit of SunGard Trading and Risk Systems. The acquisition, the terms of which have not been disclosed, is not expected to have a material impact on SunGardâs financial results.
The EnFORM acquisition underscores SunGardâs commitment to the energy industry and its strategy for growth in this space. As part of the acquisition, SunGard will become one of the largest suppliers of systems consulting to the energy industry in Houston. EnFORM will offer synergistic products and services to the Energy operating unit of SunGard Trading and Risk Systems, which delivers the Panorama solution suite for power and gas scheduling and comprehensive trading and risk management.
EnFORMâs expertise includes the creation and integration of high-performance online exchanges, credit systems, retail systems and management control systems.
John McNevin, founder and chief executive officer of EnFORM, will be president of the EnFORM operating unit, reporting to Bill Popp, executive vice president, Energy, SunGard Trading and Risk Systems. Doug Wendler, currently responsible for sales and delivery at EnFORM, will serve as chief operating officer.
Mr. Popp said, "The skills, expertise and respect that EnFORM has garnered since its inception will complement and enhance SunGardâs existing Energy products and services. Enform consultants and executives have years of experience in the energy industry, and the company is considered to be the 'go-to' source for difficult systems projects."
Mr. McNevin said, "We are proud to be a part of SunGard, a company that shares our results-oriented approach and emphasis on reliability, client satisfaction, professionalism and consistent, predictable financial performance. SunGardâs reach, extensive client base and integrated operating approach will provide us with a platform from which to propel our already rapid growth in energy, telecoms and beyond."