Mindwell's strong domain knowledge of capital markets and familiarity with SunGard's Front Arena and other trading and risk management solutions will help SunGard offer a broader range of capital markets financial technology and business consulting services.
Per Olsson Ravn, chief executive officer of Mindwell, said, "As part of SunGard, we will be better positioned to deliver innovation and best practices to the global capital markets community. Together we will continue to develop our business consulting and systems integration and implementation capabilities."
Juerg Hunziker, president of SunGard's Adaptiv and Front Arena business unit, said, "Mindwell has a strong reputation for combining specialist systems expertise with capital markets domain knowledge. It has provided tangible benefits to capital markets organizations globally. The acquisition of Mindwell represents a milestone in our commitment to expanding the range of specialized skills and services we offer our customers around the world."