NEW YORK, March 5 /PRNewswire/ --
SunGard (http://www.sungard.com) today announced that it has acquired Advanced Portfolio Technologies, Inc. (APT), a leading global provider of risk management systems and portfolio optimization software for asset managers, hedge funds, pension funds, broker/dealers and proprietary traders. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard's financial results.
Founded in 1985, APT provides multi-factor risk models, portfolio analysis and optimization tools, and risk-management software. Its key offerings include its flagship multi-asset global risk model, software for exploratory portfolio analysis, scenario analysis and portfolio optimization, and scalable batch reporting via APT's full-service, Web-based risk reporting system. APT's risk model subscription service includes risk profiles for over 275,000 equities, bonds and currencies plus mutual, hedge and REIT funds, commodities and other securities across the world. Derivatives can be included with APT's factor-based Monte Carlo simulation.
APT will become part of SunGard's alternative investments business. Its analysis models and tools will complement SunGard's existing solutions for alternative investments such as Front Arena, Visual Portfolio Manager (VPM), Monis and Reech, as well as SunGard's other solutions for institutional asset management. The ease with which the APT offerings can be integrated with SunGard's solutions will increase the strategic value that SunGard's alternative investments business offers to existing and new customers. Jamie Ridyard, chief operating officer at APT, will continue to manage the business that he has led for over ten years.
Emanuel Mond, president of SunGard's alternative investments business, commented: "Our customers are being challenged to address the evolving needs of a shifting, more diverse client base. Risk solutions that apply consistently to all asset classes and across many workflows, from portfolio construction through to risk reporting and compliance, are critical to meeting this challenge. Products like those offered by APT that come preloaded with data, available on many platforms and with short deployment times, are especially attractive to customers. The acquisition of APT helps enhance our alternative investments business, offering our customers one of the widest choices of core functionality in the industry."
Note for Editors: Webinar, March 19, 2008To learn more about APT, join SunGard on March 19 for the Webinar: "An introduction to APT," featuring Jamie Ridyard, chief operating officer and Andrew Robinson, head of research. (Go to www.sungard.com/alternatives/aptwebinar to register for the event).
About Advanced Portfolio Technologies
Advanced Portfolio Technologies (APT) develops and distributes market risk models, software tools and applications and related professional services. APT's customers include institutional and retail asset managers, pension funds, private wealth managers, hedge funds, broker/dealers, prime brokers and proprietary traders.
About SunGard's Solutions for Alternative Investments
SunGard offers solutions specifically designed for firms specializing in alternative investments. These solutions support multiple asset classes and their derivatives, including equities, FX, interest rates, credit, commodities, and convertibles. Solutions include strategy-specific applications for convertible and capital structure arbitrage, global repo, stock finance and listed options trading. SunGard's enterprise-wide, straight-through processing solutions meet the trading, risk management, and investor and portfolio accounting requirements of single- and multi-strategy institutions.
About SunGard
With annual revenue of US$5 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com.
Trademark Information: SunGard, the SunGard logo, Front Arena, Monis, Reech and VPM 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.
For further information, please contact: Toby West, Division PR & Communications Manager SunGard Financial Systems Tel: +44(0)20-8082-2426 Email: toby.west@sungard.com Web site: http://www.sungard.com http://www.sungard.com/alternatives/aptwebinar
Toby West, Division PR & Communications Manager of SunGard Financial Systems, +44(0)20-8082-2426, toby.west@sungard.com
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