Fidelity national information services to buy software maker. The selection of services from sungard as include cloud and hosting, data and recovery centers, managed application cloud, recovery and business continuity and it consulting. Xsp helps the financial services industry mitigate the operational risks and costs associated with corporate actions processing. Xsp offers a range of deployed, hosted and saasbased. Sungard financial systems now part of fis linkedin. Sungard buys xciteksolutionsplus fstech financial sector. During december, we acquired xciteksolutionsplus, llc xsp, aleading provider of endtoend, automated corporate actions solutions. Mar 28, 2011 new york, march 28, 2011 sungard has acquired valuelink information services, a supplier of validated financial data solutions. Net based flagship product for the public sector database agnostic.
Jan 08, 20 sungard has bought xciteksolutionsplus xsp. Corporate actions powered by xsp financial software. The xsp team becomes part of sungards capital markets business, the sungard spokesperson says. Senior software engineer with more than 10 years of experience in software development with. Sungard xsp takes on corporate actions risk ftf news. His support in the sales process led to several important, early wins. Empower your financial insitutions asset managers and automate systems with fis asset management software solutions and services. Fintech giant sungard has acquired corporate actions automation specialist xciteksolutionsplus xsp. Sungard acquires xciteksolutionsplus, llc press releases. Sungard, a leading software and it services company, wanted to make their onesolution.
Adam brill vice president, global head of product, strategy and. Fis xsp is a swiftaccredited, highly configurable solution that offers endtoend management of corporate action event activity. Sungard boosts corporate actions automation capability through. The opportunity to lead software we have developed at kronos within the credientinfinity business unit is one that we are very excited about, said khwaja. For updates and the latest news, visit fis on linkedin or our website. Sungard today announced that it has acquired dspa software inc. Based on information compiled by datamonitor, sungard is the third largest provider of business applications software after oracle and sap. The company was acquired by fidelity national information services fis, a large service provider for banks, in november of 2015. Review of sungards protegent compliance platform advisoryhq. The xsp business of sungard financial systems, a provider of software and it services to the financial services industry, is launching two products intended to help financial institutions manage event data and identify and control their risk exposure. Sungard has integrated xsp s global corporate actions software capabilities with sungard s phase3 multiasset, multicurrency securities processing solution in a sungard hosted application service provider asp environment.
Prior to its acquisition by sungard, xsp was primarily known for. Appian unveils software to help banks operate amid coronavirus outbreak. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on sungards financial results. Following the acquisition, the focus was redirected toward providing services in addition to technology, and the xsprisa softwareasaservice saas offering was released in 20. In 1997, sungard data systems acquired infinity financial technology, a designer of trading and riskmanagement software. Sungard also provides disaster recovery services, managed it services, information availability consulting services and business continuity management software. Choose enterprise it software and services with confidence. About sungard sungard is a global leader in integrated software and processing solutions, primarily for financial services and higher education. The xsp v5 software automates the endtoend corporate actions. Aug, 2015 fidelity national information services, a large service provider for banks, said on wednesday that it had agreed to buy sungard in a cashandstock deal that values the financial software company. Sungard also helps informationdependent enterprises of all types to ensure the continuity of their business.
Sungard also offers disaster recovery, managed it, and information availability consulting services along with business continuity management software. Xsp is a microsoft gold certified partner and has achieved a microsoft competency in isvsoftware solutions. Fidelity national information services to buy software. The strategic fit with sungard appeared solid sungard was one of xsps initial partners, helping resell the companys solution to its existing client base. Xsp provides a comprehensive set of workflows that help identify key data discrepancies. Sungard announces fourth quarter and fullyear 2012. Financial terms of the deal have not been revealed but the corporate actions vendor will sit in sungards capital markets business where its automated trade updates and confirmations are often used for securities processing and accounting purposes. Nov 20, 2007 sungard today announced that it has acquired dspa software inc.
Fis provides financial software, worldclass services and global business solutions. Financial technology company sungard has acquired xciteksolutionsplus, a corporate actions specialist, in a move aimed at capitalising on the increasing automation of the sector. The capital markets arm of software and technology company sungard has acquired corporate actions services provider xsp in a move designed to complete its offerings in the space 09 jan 20. Fis is a leader in technology and services that helps businesses and communities thrive by advancing commerce and the financial world. Microsoft representatives working with sungard recommended progress datadirect as connectivity solutions for a broad variety of databases from a single vendor. For over 50 years, fis has continued to drive growth for clients around the world by creating tomorrows technology, solutions and services to modernize todays businesses and customer experiences. Sungard has integrated xsps global corporate actions software capabilities with sungards phase3 multiasset, multicurrency securities processing solution in a sungardhosted application service provider asp environment. Sungard being acquired by fidelity national information. It will also now have a permanent sales force in singapore, as well as ongoing support for new implementations and upgrades. The xsp team will continue to support the xsp business and customers.
New york, march 28, 2011 sungard has acquired valuelink information services, a supplier of validated financial data solutions. Fidelity national information services, a large service provider for banks, said on wednesday that it had agreed to buy sungard in a cashand. The name of the company originally was an acronym which stood for sun guaranteed access to recovered data, a reference to. It was formed in 1983, as a spinoff of the computer services division of sun oil company. Sungard, one of the worlds leading software and technology services companies, today reported results for the fourth quarter and fullyear ended dece sungard announces fourth quarter and full.
Sungards phase3 integrates xsp corporate actions platform in. Prnewswire sungard announced today that it has acquired san diego based crw systems, inc. Dec 31, 2014 sungard also offers disaster recovery, managed it, and information availability consulting services along with business continuity management software. With headquarters in birmingham, al, and offices in new york and london, xciteksolutionsplus xsp, acquired by sungard in 20, is the global leader in automated endtoend corporate actions solutions. Prnewswire sungard has acquired the pilot solution from tobam, a paris, francebased asset management firm. Sungard has acquired xciteksolutionsplus, llc xsp, a leading provider of endtoend, automated corporate actions solutions. Sungard provides software and processing solutions for financial services, higher education and the public sector. The acquisition will extend sungards asset arena suite of investment management solutions to include robust validation of security pricing and corporate actions data in support of fund valuation and operational. Xsp cloud customer success stories hybrid cloud and it. Let us help you compete and win in todays chaotic marketplace. Fis completes acquisition of sungard business wire.
We leverage our experience across a broad range of it landscapes to align the right workloads with the right infrastructureswhether hybrid cloud, legacy or something inbetween. Fis will repay sungards existing debt today except for sungard. The sungard availability services cloud consulting team can help you architect the cloud strategy that is right for you. In 2011, xciteksolutionsplus, llc xsp celebrated its 15year anniversary as the most widelyimplemented global corporate actions automation platform in the. Strohl systems became software division of sungard availability services, located in king of prussia, pa. Fis acquires sungard, one of the worlds leading software and technology services companies. The companys,000 employees provide solutions for financial services, the public sector and education, including software, cloud infrastructure, global service capabilities and functional expertise. By connecting merchants, banks and capital markets, we use. Xsp specialises in tools built to automate corporate actions processing. Sungards phase3 integrates xsp corporate actions platform.
Xsp shifts to cloud iaas to leverage cloud scalability and agility. Aug 12, 2015 fidelity national information services inc. Sungard also said today that boeing employees credit union becu has signed up to its bancware perspective performance measurement platform. Fis corporate actions technology platform, xsp, receives information from disparate sources in multiple formats and uses this data to create and manage corporate actions events. Xsp, the global leader in automated endtoend corporate actions solutions. View milos stojanovics profile on linkedin, the worlds largest professional community. Sungard data systems provides software and processing solutions for the financial services industry, higher education, and the public sector in over 70 countries. Prior to its acquisition by sungard, xsp was primarily known for building corporate actions software. Fis xsp is a swiftaccredited, highly configurable solution that offers endto end management of corporate action event activity. In 2010 sungard acquired 365 hosting limited cloud computing and data centre services company. Sungard financial systems provides software and it services to institutions in. Xsp in alliance with broadridge to offer corporate actions.
Sungard said the transaction, which has approval of both companies. Xsp offers a range of deployed, hosted and saasbased solutions that help automate the corporate actions processing lifecycle, including data sourcing and cleansing, position monitoring, notification and response and entitlement processing. Sungard xsp formerly xciteksolutionsplus news and analysis. Through this new center, xsp will utilize sungards global hosting facility for xsps cloud offering and for its softwareasaservice saas xsprisa solution. Sungard will provide customers with webbased access to the xsp v5 corporate actions platform. Sungard data systems marketswiki, a commonwealth of market. Sungard expands suite of adaptiv risk solutions to help banks actively manage cva. Sungard boosts corporate actions automation capability. Financial systems, higher education, public sector, and availability services. Xsp has been acquired by sungard recent transactions. Because sungards aml software solutions are streamlined and easy to implement and integrate with already established programming, organizational users have the ability to lower operation costs and reduce the. Sungard was an american multinational company based in wayne, pennsylvania, which provided software and services to education, financial services, and public sector organizations. Accuity acquires apply financial to provide realtime straight.
Sungard is a financial software and technology services company as a result of the. Who we are, what we do sungard availability services. Sungards protegent suite of compliance solutions was one of the platforms included in our list of the best antimoney laundering aml compliance tools. We leverage our experience across a broad range of it landscapes to align the right workloads with the right infrastructureswhether hybrid cloud, legacy or. Milos stojanovic fullstack software engineer fis linkedin. Review of sungards protegent compliance platform recently, we published our annual list of the top aml software solutions for financial services firms. Sungard announces fourth quarter and fullyear 2012 results. The acquisition of xsp will help us deliver specialist corporate actions expertise and solutions.
Sungard availability services sungard as helps businesses transform their it environments, ensuring they are resilient and recoverable. The acquisition, the terms of which were not disclosed. Sungard provides software and processing solutions for financial services, education and the public sector. Through this new center, xsp will utilize sungard s global hosting facility for xsp s cloud offering and for its software asaservice saas xsprisa solution. In 2008, sungard acquired strohl systems, an it company, direct competitor of sungard in availability and recovery planning. He was a vital member of the xsp sales support team when then sungard acquired xsp. See who you know at sungard now part of fis, leverage your professional network, and get hired. This comes on the heels of sungards december 2012 acquisition of xsp. As a global provider of automated software systems for financial services.