SunGard has completed its acquisition of Syntesys, a European SWIFT service bureau and network of business and technical experts dedicated to serving the SWIFT community. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard’s financial results.
The Syntesys acquisition will strengthen SunGard’s AvantGard Ecosystem Communication Hub (Echos) offering by expanding service bureau delivery capacity and locations as well as adding a suite of SWIFTReady services. SunGard’s AvantGard Echos provides managed connectivity for corporations and financial institutions with access to a suite of services such as electronic bank account management (eBAM), statement aggregation and bank fee analysis. The management and staff of Syntesys will join SunGard and will be based in France, the UK, Switzerland and Germany.
Adyl Sayagh, chief executive officer (CEO) of Syntesys, said: “The addition of Syntesys solutions to the SunGard offerings will help our corporate and banking customers gain easier and faster connectivity. Our services help banks deliver greater value to their corporate customers while helping corporations streamline their connectivity.”
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