(Vocus/PRWEB) March 28, 2011
New York, March 28, 2011 — SunGard has acquired ValueLink Information Services, a supplier of validated financial data solutions. The acquisition will extend SunGard’s 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 reporting processes. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard’s financial results.
ValueLink’s core service offerings help reduce the risk and increase the efficiency involved in the pricing of securities and investment funds. Using a managed data service model, ValueLink collects and consolidates pricing and corporate actions data from numerous sources, and performs six levels of quality checking, including inter-vendor and client-specific price analyses. Investment managers and fund administrators rely on the resulting validated data to help meet their requirements for data transparency, operational efficiency and valuation accuracy.
The services delivered by ValueLink complement SunGard’s Asset Arena, which provides accounting and operational support for mutual funds worldwide. ValueLink will become part of SunGard’s Asset Management business and will continue to be led by Stephen Choate.
Mr. Choate said, “SunGard will support ValueLink’s continued growth and the ongoing evolution of the mission-critical services we provide. We will continue to deliver flexible, customer-centered solutions and our customers will benefit from SunGard’s scale, its understanding of the full cycle of investment operations, and its commitment to service. We look forward to leveraging SunGard’s global presence to help extend our services to customers in new markets around the world.”
Doug Morgan, president of SunGard’s institutional asset management business, said, “Our customers are looking for cost-effective solutions that provide greater control and transparency over the fund valuation process. ValueLink has built an impressive track record of delivering high-quality services that its customers use to help them ensure the integrity of the data used for critical investment functions. We are eager to introduce ValueLink to our customers as the newest addition to the Asset Arena suite of solutions.”
About SunGard’s Asset Arena
SunGard’s Asset Arena is a global suite of products and services for asset managers, institutional investors, and traditional and alternative fund administrators. Asset Arena supports the core functions of the asset management industry including investment management, investment operations and investor servicing. By leveraging technologies such as business process management and software-as-a-service, Asset Arena helps investment firms manage complexity, increase efficiency, and reduce costs and operational risk, while maintaining agility to respond to changing business and regulatory requirements. For more information visit http://www.sungard.com/assetarena.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, please visit SunGard at http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo and Asset Arena are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.