As expected, SunGard Data Systems Inc. has acquired Atlanta-based portfolio management software developer Information Systems of America Inc. (ISA) from U.S. Sprint Corp. The purchase agreement, signed on May 28, gives SunGard control of all ISA assets, including six mainframe-based portfolio management systems in place and an extensive client list.
Terms of the deal were not disclosed. ISA will operate as an independent subsidiary, joining a new group at SunGard known internally as the Insu
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails