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
Work with us on your Integrated Marketing Campaigns
WatersTechnology offers a full range of custom research, surveys, webcasts, video and whitepapers for firms looking to demonstrate thought-leadership through their marketing campaigns and generate sales leads.
The over-the-counter (OTC) derivatives market is in the midst of a global regulatory restructure. Authorities in Europe, Asia and the US are currently...
A fast, flexible and reliable investment decision-making process must be based on access to accurate and consistent information throughout an organization....