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SUNGARD(R) DATA SYSTEMS INC. ANNOUNCES INVESTMENT SUPPORT ACQUISITIONS

SUNGARD(R) DATA SYSTEMS INC. ANNOUNCES INVESTMENT SUPPORT ACQUISITIONS
 WAYNE, Pa., Nov. 5 /PRNewswire/ -- SunGard Data Systems Inc. (NASDAQ-NMS: SNDT) announced today that its subsidiary Devon Systems International, Inc. acquired AJL Holding AB (AJL) of Stockholm, Sweden, on Nov. 4 and has agreed to acquire London-based ICCH Financial Markets Ltd. (IFM).
 The terms of the two acquisitions were not disclosed. SunGard representatives also stated that neither acquisition is expected to have a material impact on the company's financial results for 1992.
 Both acquisitions will be additions to SunGard's Derivative Systems Group, which is led by Cris Conde, one of the founders of Devon Systems International, Inc. The principal business of AJL, which has approximately 65 total employees, is the development and sale of OPTAS(TM), one of the world's leading front office and analysis systems for exchange-traded and equity derivatives. Approximately 50 customers, representing major financial institutions trading on futures and options exchanges in Germany, Switzerland, Austria, and Sweden, use the OPTAS system, which currently runs under VMS on DEC VAX computers. The principals of AJL will continue to manage the company.
 IFM's principal product is FORTE(TM), a leading back office trading, clearing and administration system for exchange-traded derivative instruments. With approximately 80 customers, FORTE supports the activities of participants on options and futures in many markets worldwide. FORTE, which also currently runs on DEC VAX computers, is offered both as a processing service and as an in-house installation. IFM, which has approximately 110 employees, is a subsidiary of ICCH Limited, which is owned by six major U.K. banks.
 James L. Mann, chairman and chief executive officer of SunGard, said of the acquisitions, "These two acquisitions are excellent complements to the leading position worldwide that The Devon System(R) has developed for swaps and other derivatives that don't trade on exchanges. By acquiring both the OPTAS product of AJL and the FORTE product of IFM, SunGard also will become the worldwide leader for systems that support exchange-based derivative trading activities. These two advanced software systems for derivatives and the sales and support network Devon has built throughout the world make an excellent business combination."
 SunGard Data Systems Inc. is the only large specialized provider of investment support systems to the financial services industry and is the pioneer and a leading provider of comprehensive computer disaster recovery services. Its common stock is reported on the NASDAQ National Market System under the symbol SNDT.
 /delval/
 -0- 11/5/92
 CONTACT: David D. Gathman, 215-341-8709, or Richard C. Tarbox, 215-341-8743, both of SunGard Data Systems/
 (SNDT) CO: SunGard Data Systems, Inc.; Devon Systems International, Inc.; ST: Pennsylvania IN: CPR SU: TNM


MJ-MK -- PH008 -- 2826 11/05/92 08:14 EST
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Publication:PR Newswire
Date:Nov 5, 1992
Words:449
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