Compass will be utilized as a single-source solution to strategically develop the insurance specialist’s service offer, which is expected to help Desjardins Financial Security to improve its time to market for new product and service offerings and to contain overall operational costs.

Monique Tremblay, senior vice-president, savings and segregated funds at Desjardins Financial Security, says the purchase of SunGuard’s technology is in line with the company’s growth strategy within Canada. Bolstering our representation throughout the country, adding new renowned fund managers and deploying the new technology platform will help us to better meet our clients’ changing needs in an increasingly complex group retirement savings environment, she commented.

Desjardins Financial Security and SunGard Insurance Systems are preparing to deploy the new platform during 2005.