Web Search powered by YAHOO! SEARCH
share
email
font size
options
 
Friday, May 16, 2008
SunGard back on M&A hunt

 SunGard's agreement to purchase Strohl Systems Group Inc. of King of Prussia marks the Wayne-based financial-software and recovery systems giant's first trip back to the acquisitions market since 2006, according to Bloomberg data. SunGard release here.
  UPDATE 5/19: In fact, SunGard has continued to acquire all through that period, notes spokeswoman Valeria Maltoni. Last year alone, SunGard bought VeriCenter Inc. (IT infrastructure outsourcing), GTI Consultants SAS (IT consulting in France), Aspiren Group Ltd. (UK management consulting), Finitix LLC (hedge fund service provider), Energy Softworx (fuels management software), Aceva Technologies Inc. (debt collection software), Maxim Development Software Corp. (insurance billiong systems), and XRT SA's treasury and cash management business. 
  The Strohl deal - price undisclosed - which comes as Strohl was preparing to roll out a next-generation system, would also end 20 years of competition between Strohl's Living Disaster Recovery Planning System and what's now known as SunGard Availability Services. SunGard says it will support both platforms, and keep Strohl's programmers busy, while selling Strohl clients SunGard products. Strohl fact-sheet here.
  Strohlmarks SunGard's first acquisition since the Automated Financial Systems deal in December 2006, according to the Bloomberg M&A database. SunGard bought two businesses in 2006, and five in 2005, the year it was taken private for $11 billion by a group of private equity firms. 

Posted by Joseph N. DiStefano @ 10:49 AM  Permalink | Post a comment
Comments   
0 comments
About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column, which is printed in the business pages of The Philadelphia Inquirer every Sunday, Tuesday, Wednesday, Thursday and Friday. Joe has worked at the Inquirer, mostly, since 1988. He has also written for Bloomberg and Gannett, authored the book Comcasted, majored in economics at Penn, and fathered six children. Reach Joe at 215-854-5194 and JoeD@phillynews.com

Advertise Here