Sungard Announces Plans To Buy Shaw, Unveils Own Portfolio System

PORTFOLIO SYSTEMS

As expected (IMT Jan. 24), Pennsylvania-based SunGard Data Systems Inc. recently announced it had signed a letter of intent to purchase New York-based Shaw Data Services Inc. The move came as SunGard launched Global Securities Manager (GSM), an in-house portfolio management system that appears to compete with Shaw's new On-Site product.

A SunGard release says the company will pay $20 million immediately for Shaw Data and up to $15 million in additional cash payments based on the level of Shaw

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: