Sungard Data Systems Acquires ADS, Buy-Side Expansion To Stay On Course
VENDOR BRIEFING
Sungard Data Systems' planned acquisition of ADS Associates will do nothing to slow ADS' expansion from its core base of sell-side clients into the buy-side of the market, and it may even enhance Sungard's own offerings to institutional investors. The deal was announced in late September for $30 million in Sungard stock, and once it is completed, ADS' president Greg Pond will report to Cristobal Conde, chief executive of Sungard's Trading Systems Group.
How ADS' sales efforts to buy-side clients
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