Inmatrix offers two credit management solutions: Optimist, which helps evaluate the credit worthiness of borrowers; and Portfolio Strategist, which helps banks develop a portfolio view of their exposure. Both solutions are likely to complement SunGard’s existing Ambit Risk and Performance solution suite.
Dale Smorgon, head of business development at Inmatrix, said: “We believe that this acquisition is a good fit for both companies. SunGard’s international reach will help us add greater global scope to a customer base that already includes some of Australia’s largest banks.”
Andreas Hug, president of Ambit Risk & Performance business unit at SunGard, said: “Inmatrix’s credit management solutions are recognized as leading applications in the risk and performance space. By adding them to SunGard’s Ambit solution suite, we are enhancing our offering to give customers a comprehensive credit management solution that covers spreading, rating, credit analysis, portfolio modeling, stress testing and risk consulting.”