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SunGard Acquires Genix Systems AG

SunGard announced today that it has strengthened its position in the Swiss private banking sector by acquiring Genix Systems AG, a Zurich-based provider of customer information systems to small and medium-sized private banks. Genix will be integrated into SunGard's banks business and its flagship solution, WinDekis, will become part of SunGard's Ambit Apsys private banking solution, with which it already shares a number of common customers. The acquisition, the terms of which were not isclosed, is not expected to have a material impact on SunGard's financial results.

Bruno Matter, co-founder of Genix, said: "We have worked with SunGard, and particularly the Ambit Apsys private banking team, for a number of years and have always enjoyed a good working relationship. This acquisition will now give us access to a wider customer base and provide us with the backing of a strong and experienced company."

Daniel Bardini, president of SunGard Ambit Apsys business unit, commented :
"In the wake of the recent financial crisis, many small and medium-sized Swiss private banks have experienced significant growth in their customer numbers. This growth highlighted the efficiencies gained from having tight integration between core banking and customer information systems. The acquisition of Genix, recognized experts in customer information systems, will allow SunGard to have an integrated product roadmap. We have enjoyed a good relationship with Genix in the past, and now look forward to working with them as colleagues."

About SunGard's Ambit
Ambit is a banking solution suite for retail, commercial and private banks. It provides banking professionals with solutions that support front-, middle- and back-office operations, as well as solutions for financial management, risk and compliance. Ambit helps banks improve customer service management, streamline business processes, comply with regulations and capture growth opportunities.

About SunGard
SunGard is one of the world's leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world's 25 largest financial services companies.

SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.

With annual revenue exceeding US$5 billion, SunGard is ranked 472 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP.
Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented five times.

Friday, April 10th 2009
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