SunGard has announced the acquisition of Birmingham, Alabama-headquartered XcitekSolutionsPlus (XSP).
XSP, which provides end-to-end, automated corporate actions solutions, will become part of SunGard's capital markets business. Brendan Farrell retains his position as chief executive.
"This acquisition is an exciting step in the growth of XSP," says Farrell. "XSP is already considered a leading provider of automated corporate actions processing solutions. Becoming part of SunGard will help us grow our global footprint and further enhance the breadth of our offering."
The terms of the acquisition have not been disclosed.
More from Buy Side Technology
Updating your subscription status
Winner's Announced: Buy-Side Technology Awards 2014
The winners of the 8th annual Buy-Side Technology Awards 2014 were announced in London on November 7, recognizing the leading technologies and vendors in their area of expertise, through an auditable and transparent methodology . To view the winners across the 31 categories click here.
The catalyst for change in client reporting is a more empowered, digitally aware consumer. Excellence of service delivery will be key to investment managers...
Without a consistent source of data and limited functionalities in existing systems, firms are unable to perform tasks that are becoming increasingly important...