SunGard has announced the completion of the acquisition of SunGard Data Systems by a consortium of private equity investment firms organized by Silver Lake Partners that also includes Bain Capital, The Blackstone Group, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts & Co, Providence Equity Partners and Texas Pacific Group. Under the terms of the merger agreement, the company’s stockholders are entitled to receive $36 per share in cash without interest. SunGard announced on 28 March 2005 a definitive agreement with the private equity consortium regarding the acquisition of the company for $11.4bn in cash. This transaction represents the largest technology privatization as well as the second largest leveraged buyout ever completed.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more