London, February 4, 2003 â Evolution, the UK-based business and technology advisor to the finance industry and Front Capital Systems, an operating unit of SunGard (NYSE:SDS), today announced a new partnership. Evolution will support Front in the delivery of tailored solutions both in the UK and internationally. Under the new agreement wholesale banking clients will have access to the best of breed FRONT ARENA trading platform, integrated by Evolution, a consultancy with intimate financial sector experience, leading to faster and more effective implementation.
Evolution's operations extend to continental Europe and North America, closely mapping Front's geographical presence. This allows the partner companies to provide seamless on the ground support to clients in terms of both technology provision and lifecycle support. Evolution will work with Front in Germany and Switzerland, where increasing demand for tailored IT solutions has been identified.
Simon Lyon, managing director of Evolution, commented, "Our extensive experience as a provider of business critical bespoke applications will help Front harness new business opportunities and help its clients drive down process costs and create new channels-to-market. We are excited about this partnership, which we are confident can deliver demonstrable economic benefits to customers."
Stephen Butcher, head of global operations at Front, said, "One of the biggest challenges facing the finance sector today is finding the strategy, business process and technology expertise to gain a competitive advantage. We have been collaborating with Evolution for the last four years due to the complementary nature of the two businesses. Formalising the partnership in this way will enable us to enhance and optimise our service offering to customers across key territories."