Sungard announces intention to acquire gl trade for 41. Sungard completes acquisition of majority interest in gl. Sungard also helps informationdependent enterprises of all types to ensure the continuity of their business. Glt today announced that sungard had completed the previously announced acquisition of a majority interest in gl trade, a global financial software solutions company. Fis announced wednesday that it has agreed to acquire the. As etfs deviate from navs, advisors need education on using mutual fund and etf vehicles. Sungard and gl trade today announced that sungard had completed the previously announced acquisition of a majority interest in gl trade, a global financial software solutions company.
These acquisitions broadened its reach across the globe, earned fis a place on the fortune 500 listing, and positioned the company as the largest technology provider to the global financial industry. Gl trade provides software solutions for financial intermediaries and. The deal will see fis acquired 100% of sungard which employs more than 55,000 employees and has clients in over 100 countries worldwide. Sungard is a multinational company based in wayne, pennsylvania, which provides software and services to education, financial services, and public sector organizations. Jul 31, 2008 gl trade provides software solutions for financial intermediaries and brokerage houses. The rationale was to give european buyside firms better access to sungards trading product suite and allow sungards us buyside clients to tap brokers in europe and asia. Sungard steps up fx focus with gl trade acquisition profit. Sungard data systems mergers and acquisitions summary mergr. In 2015, fis acquired sungard, whose complementary offerings brought fis into new markets for financial technology services, including asset. Sa godisnjim prihodom od 5 milijardi dolara, sungard je globalni lider u softverskim i resenjima za preradu za finansijske usluge, visoko obrazovanje i javni sektor. Sungard bought the company in 2009 and renamed the system. Sungard announces intention to acquire gl trade for euro 41.
Gl trade provides software solutions for financial intermediaries and brokerage houses. Dec 24, 2009 about 14 months ago, sungard acquired gl trade, a global financial software solutions company. The wayne, paheadquartered company completed its acquisition of parisbased gl trade last month, renaming it sungard global trading, and calling the company a perfect fit in terms of trading software across asset classes, market connectivity products and geographic reach. It was formed in 1983, as a spinoff of the computer services division of sun oil company, during a period of low crude oil prices. Fis completes acquisition of sungard business wire. Susan pfeifer assistant vice president operations bank of. Sungard said the transaction, which has approval of both companies. Sungard announces intention to acquire gl trade for eur 41. The fis offering currently includes solutions for posttrade reporting, asset managers, traders, energy trading and fund administration. About 14 months ago, sungard acquired gl trade, a global financial software solutions company. Scott brown senior software systems engineer at nasa saic. Sungard and gl trade today announced sungard s intention to acquire a majority stake in gl trade, a global financial software solutions company serving more than 1,600 customers.
Prior to sungard, ryan was the head of americas for gl trade where he ran all aspects of the business unit and was responsible for building the latin american business later acquired by sungard. Pierre gatignol, louischristophe laurent and fradaric morin, together with. The transaction, the terms of which have not been disclosed, is not expected to have a material impact on sungards financial results. Sungard was an american multinational company based in wayne, pennsylvania, which provided software and. It was formed in 1983, as a spinoff of the computer services division of sun oil company. Malaysian bank deploys sungard dma solution the trade. Sungard steps up fx focus with gl trade acquisition. The latest acquisitions by sungard include strohl systems, gl trade. The deal encompasses the nyse euronexts 40% stake in gl trade, however 25,4% were in the hand of the founders and 36,6% of. First in financial technology fis is a global leader in financial services technology, with a focus on retail and institutional banking, payments.
Sungard was an american multinational company based in wayne, pennsylvania, which provided software and services to education, financial services, and public sector organizations. The wayne, paheadquartered company completed its acquisition of parisbased gl trade last month, renaming it sungard global trading, and calling the company a perfect fit in terms of trading software across asset. Sungard is a global leader in integrated software and processing solutions, primarily for financial services and higher education. The company was acquired by sungard in july 2008 and now operates as sungards global trading segment. Join facebook to connect with scott brown and others you may know. Sa godisnjim prihodom od 5 milijardi dolara, sungard je globalni lider u softverskim i resenjima za preradu za finansijske usluge, visoko obrazovanje i. Gl trade acquired by sungard 2009 new project management of ubix backoffice software installations. In 2009 the company was acquired by us based sungard, one of the worlds leading software and technology services companies. Used c, ksh and sql to fixextend the application and its data flows to other pep. Pierre gatignol, louischristophe laurent and frederic morin, together with entities controlled by them. Fis acquires sungard, one of the worlds leading software and technology services companies. The company has more than 25,000 customers in more than 70 countries.
Susan pfeifer assistant vice president operations bank. Per the acquisition, fis is slated to pay sungards existing debt except for its senior notes, which will be redeemed on dec. On 1 october 2008, sungard data systems llc, a global leader in software and processing solutions for financial services, higher education and the public sector, completed its acquisition of a majority interest in gl trade. Mar 05, 2009 financial technology giant sungard has enhanced its offerings for foreign exchange and money market participants following its acquisition of software company gl trade. Sungard acquires gl trade on 20080731 for an undisclosed amount. Gl trade was a global financial software company that provided the. Due to the companys founders pierre gatignol and louischristophe laurent the acronym gl has been instantiated. Sungard completes gl trade stake acquisition finextra. Scott brown senior software systems engineer saic linkedin. Clive pedder, chief executive officer of sungards global trading business for london and northern europe discusses the seamless integration of recent acquisition, gl trade. Gl trade marketswiki, a commonwealth of market knowledge.
Gl trade gl trade provides software solutions for financial. Sungard today announced that it has acquired the getpaid corporation, a leading provider of accounts receivable ar and collections management software for working capital optimization. The deal will enable rhb to trade equities and futures directly on exchanges, without having to route orders through sales traders and dealers, allowing it to selfmanage its. The name of the company originally was an acronym which stood for sun guaranteed access to recovered data, a reference. We provide solutions for financial services, the public sector and education. Its acquisitions include financial trading software maker gl trade sa and. Financial technology giant sungard has enhanced its offerings for foreign exchange and money market participants following its acquisition of software company gl trade. Local, outof state and canadian projects independently. Gl trade is a leading provider of multiasset front to back solutions, connectivity and information services. Last month, sungard acquired instructional management software provider performance pathways for an undisclosed sum, and last year acquired a majority stake in financial software company gl trade. Sungard data systems has acquired 15 companies of its own, including 1 in the last 5 years. Charts can be found on various organization profiles and on hubs pages, based on data availability. Sungard formed its global trading business in early 2009 shortly after it acquired vendor gl trade, installing yassine brahim as global head of trading.
Dec 01, 2015 fis, a provide of banking and payments technology, announced yesterday nov. Sungard and gl trade today announced sungardas intention to acquire a majority stake in gl trade, a global financial software. Us fintech giant sungard has made a binding offer to acquire a majority 64. Sungard data systems has acquired in 8 different us states, and 2 countries. Sungard completes acquisition of majority interest in gl trade. Gl trade was founded by louis christophe laurent and pierre gatignol in 1987. The wayne, paheadquartered company completed its acquisition of parisbased gl trade last month, renaming it sungard global trading, and calling the company a perfect fit in terms of trading software across. Ryan holds a bachelor of science degree from cornell university. Sungard moves to acquire gl trade finextra research. With the shakeup, raj mahajan, formerly sungards president of trading, has taken control of all global trading operations, replacing brahim.
In 2008, sungard acquired gl trade, a parisbased financial services firm for nearly usd 1 billion. A total of 8 acquisitions came from private equity firms. Harold finders, division chief executive officer of sungards financial systems business, said. Gl trade is a global financial software solutions company, operating in over 50 countries and serving 1,600 clients. Fis, a provide of banking and payments technology, announced yesterday nov. Tora partners with imagine software on global trading platform. Oct 01, 2008 sungard and gl trade today announced that sungard had completed the previously announced acquisition of a majority interest in gl trade, a global financial software solutions company. Headquartered in paris and london, gl trade employs more than 1,400 people.
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