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

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 indvidual account here: