SunGard Data Acquires ISA, Forms New Insurance Division
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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
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