Thanks SunGard
While on vacation recently in a small village just north of Avignon, France, I couldn't help but feel a sense of gratitude toward the folks at SunGard who, it was announced on Tuesday, had agreed to throw their not insubstantial weight behind professional cycling by opting to again co-sponsor a Pro Tour team for the 2011 season.
To be fair, given the media leaks during the course of this year's Tour de France, the SunGard announcement was never in much doubt (even though all parties involved vehemently denied that a deal was as good as done, even up to the proverbial 11th hour), but I was none-the-less pleased when I read the press release outlining the firm's involvement.
For those of you who don't know, SunGard is currently one of the co-sponsors of Team Saxo Bank, a Denmark-based pro cycling outfit, which currently occupies the number two spot on the UCI (Union Cycliste Internationale) World Rankings, and which got to within 39 seconds of winning cycling's greatest prize, the individual Tour de France GC (general classification) through Luxemburger, Andy Schleck.
SunGard has chosen to extend this relationship for the 2011 season and for good reason: Bjarne Riis, the franchise owner, has enticed Alberto Contador, currently leading the UCI World Rankings, away from the Kazakhstan-based Astana squad and onto his team roster for next year, which, when you consider the depth and experience of the current squad, means that in all likelihood the SunGard logo will ascend the top step of the Tour de France podium at the back end of July next year. After all, Contador has won every grand tour he has started for the past three years, and therefore, any grand tour he chooses to start next year is pretty much his to lose.
Contador's arrival will more than make up for the loss of the Schelck brothers who, by all accounts, are set to announce the formation of a new Luxembourg-based team with directeur sportif Kim Andersen at the helm.
It's shrewd move by SunGard, which it clearly sees as providing a media platform to extend its brand on a global basis through its association with such an international and high-profile sport. But from a personal perspective, I'm just happy to see new sponsors supporting a sport that has seen its fair share of scandal and disappointment over the years.
Thanks Cris (Conde) and the SunGard team.
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 info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
CompatibL’s unique AI strategy pays dividends
CompatibL’s unique approach to AI and how its research around cognitive bias and behavioral psychology have improved the reliability of its AI-based applications.
Market participants voice concerns as landmark EU AI Act deadline approaches
Come August, the EU’s AI Act will start to sink its teeth into Europe. Despite the short window, financial firms are still wondering how best to comply.
Ram AI’s quest to build an agentic multi-strat
The Swiss fund already runs an artificial intelligence model factory and a team of agentic credit analysts.
Fidelity expands open-source ambitions as attitudes and key players shift
Waters Wrap: Fidelity Investments is deepening its partnership with Finos, which Anthony says hints at wider changes in the world of tech development.
Fiber’s AI gold rush risks a connection drop
In search of AI-related profits, investors flocked to fiber cables, but there are worrying signals on the horizon.
JP Morgan gives corporates an FX blockchain boost
Kinexys digital platform speeds cross-currency, cross-entity client payments.
BlackRock further integrates Preqin, Nasdaq and Osaka Exchange partner, and more
The Waters Cooler: SGX remodels data lake, ICE seeks tokenization approval, TNS closes Radianz deal, and more.
ICE to seek tokenization approval from SEC under existing federal laws
CEO Jeff Sprecher says the new NYSE tokenization initiative is not dependent on the passage of the US Clarity Act.