SunGard Data Systems Inc. Acquires Frontier Analytics.Business Editors/Hi-Tech Writers SALT LAKE CITY--(BUSINESS WIRE)--June 19, 2000 SunGard Data Systems, Inc. (NYSE NYSE See: New York Stock Exchange :SDS 1. (company) SDS - Scientific Data Systems. 2. (tool) SDS - Schema Definition Set. ) announced today that it has acquired the assets of California-based Frontier Analytics, Inc. Terms of the acquisition, which is not expected to have a material impact on SunGard's financial results, were not disclosed. Frontier Analytics will join SunGard eCRM Systems, a SunGard operating group currently comprised of Sterling Wentworth, Plaid plaid, a long shawl or blanketlike outer wrap of woolen cloth, usually patterned in checks or tartan figures. Now a distinctive feature of the Highland costume, it was formerly worn in all parts of Scotland and in N England by both men and women. Brothers, and EMS. Frontier Analytics, Inc., is a technology leader for asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. software and serves many of the world's largest 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. companies. Frontier is dedicated to providing sophisticated investment analysis and asset allocation software to retail and institutional professional investors worldwide. Over 15,000 registered users representing hundreds of major financial services companies including banks, brokerage firms, insurance companies, accounting firms and independent investment advisors rely on Frontier Analytics to meet their investment technology needs. Frontier's professionals are widely recognized as industry experts in developing and deploying advanced investment software solutions. Randal J. Moore, president of Frontier Analytics, stated, "Joining SunGard is a very positive step for our customers and employees. We are very pleased to be joining forces with an industry leading company with a history of success like that of SunGard. Our mission will remain the same: to develop and provide the leading technology of investment and asset allocation software for the financial services industry." John Hyde John Hyde may refer to:
Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and needs analysis programs. This acquisition will further enhance the suite of products being brought together in our eCRM group and will play a key role in the SunGard PowerStation solution currently being developed to serve the CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. needs of the brokerage industry. We are confident that adding Frontier Analytics will further enhance SunGard's leading position in the financial services industry." SunGard eCRM Systems designs, develops and markets enterprise financial planning and sales productivity solutions for the financial services industry. SunGard eCRM Systems is an operating group of SunGard (NYSE:SDS), a global leader in integrated IT solutions and eProcessing for financial services. SunGard is also the pioneer and a leading provider of high-availability infrastructure for business continuity. With annual revenues in excess of $1 billion, SunGard serves more than 10,000 clients in over 50 countries, including 47 of the world's largest 50 financial services institutions. Visit SunGard at www.sungard.com. |
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