San Mateo, CA, July 26, 2005 â SunGard (NYSE:SDS) announced today that it will enhance the technology underpinning of Investar*ONE, its global mutual fund shareholder accounting system, migrating from client/server to a Web-based platform. The new platform will give mutual fund sponsors and broker dealers around the world, 24/7 Web access to SunGardâs real-time, high-volume transfer agency platform.
In moving to a Web-based environment Investar*ONE will be deploying Web Services and XML-enabled data which will help facilitate integration with other SunGard and third party applications. Investar*ONE will help provide greater efficiency by eliminating the installed client and replacing it with a Web-based client that offers richness and functionality.
According to Mark Judah, chief technology officer of SunGard's Investar*ONE business unit, "Given SunGardâs expertise in managing applications, we help provide a cost effective and resilient hosting model for our Investar*ONE customers. As part of our plan to expand the use of Investar*ONE, we are incorporating the industryâs latest software features and functionality, while also laying a foundation for future development projects and changing industry conditions."