Acquisition Of EDS SIG Boosts ACT Financial Systems’ ASP Ambitions

VENDOR BRIEFING

LONDON--The UK stockbroking systems business of EDS, EDS Securities Industry Group, has been bought by Misys plc to complement its existing broking and settlement products and bureau services subsidiary, ACT Financial Systems Ltd.

The EDS SIG systems Citymax, Brokermax, Clarion and Arrow all have been acquired by ADT, with the intention to eventually migrate users onto ACT’s own product ranges, according to Jeremy Sibthorp, sales & marketing director at ACT.

"It won’t be a big bang approach. C