SunGard Acquires System Access.SINGAPORE -- SunGard (http://www.sungard.com) today announced that its offer to acquire System Access Limited, a leading provider of universal banking software solutions for financial institutions worldwide, has become unconditional in all respects. SunGard has received acceptances in respect of approximately 99.54% of System Access' shares. System Access will expand SunGard's portfolio of product offerings into the core banking space. The transaction is not expected to have a material impact on SunGard's financial results. The System Access suite of solutions provides universal banking solutions for back-office transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , front-office multi-channel delivery, card management and payments. It includes System Access SYMBOLS for retail and wholesale banking, treasury and trading; System Access Customer Service Manager for deployment of business services to customers; and System Access CardPro for card management and payments. John Wilson John Wilson may refer to: Politicians
tr. & intr.v. deep·ened, deep·en·ing, deep·ens To make or become deep or deeper. deepen Verb to make or become deeper or more intense Verb 1. its relationship with banks in Central and Eastern Europe The term "Central and Eastern Europe" came into wide spread use, replacing "Eastern bloc", to describe former Communist countries in Europe, after the collapse of the Iron Curtain in 1989/90. , the Middle East and Africa, and Asia Pacific. System Access has created a functionality rich core banking solution that has been developed using open standards Specifications for hardware and software that are developed by a standards organization or a consortium involved in supporting a standard. Available to the public for developing compliant products, open standards imply "open systems;" that an existing component in a system can be replaced . We are committed to helping our customers transform their mission-critical core banking solutions to our latest, most efficient and agile technology." About System Access System Access provides universal banking solutions that help banks deliver a broad range of banking products and services for retail and wholesale banking. System Access provides solutions for back-office transaction processing, front-office multi-channel delivery, card management and payments. System Access solutions provide straight-through transaction processing, centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. common services, work-flow driven business process and an enterprise-wide customer information repository An information repository is an easy to deploy secondary tier of data storage that can comprise multiple, networked data storage technologies running on diverse operating systems, where data that no longer needs to be in primary storage is protected, classified according to captured . About SunGard Asia-Pacific SunGard Asia-Pacific combines the global presence and strength of SunGard with local knowledge and expertise. Dedicated staff members in 14 offices in 11 countries across the region are committed to providing exceptional service, leading-edge technology and integrated solutions to the Asia Pacific financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. community. Serving over 400 customers, including 14 of the region's 20 largest financial services companies, SunGard Asia-Pacific's key principles rest on quality service and support. Visit us at www.sungard.com/asiapacific. About SunGard With annual revenue of US$4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com. Responsibility Statement The directors of SunGard Asia Pacific Inc. and the directors of SunGard Data Systems Inc. (including those who may have delegated detailed supervision of this announcement) have taken all reasonable care to ensure that the facts stated in this announcement are fair and accurate and that no material facts have been omitted, and they jointly and severally Jointly and Severally 1. A legal term describing a partnership in which individual decisions are bound to all parties involved and thus undivided. 2. A term used in underwriting syndicates to refer to the distinct responsibility of individual companies to sell a certain accept responsibility accordingly. Trademark Information: SunGard, the SunGard logo, System Access and SYMBOLS are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders. |
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