View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 7, 2009

SunGard acquires Genix Systems

Expects to strengthen its position in the Swiss private banking sector

By CBR Staff Writer

Financial software company SunGard has acquired Zurich, Switzerland-based Genix Systems to strengthen its position in the Swiss private banking sector. The terms of the acquisition were not disclosed but SunGard said the acquisition is not expected to have a material impact on its financial results.

Genix Systems provides customer information systems to small and medium-sized private banks. Its business will be integrated into SunGard’s banks business and its WinDekis product will become part of SunGard’s Ambit Apsys private banking offering.

Daniel Bardini, president of SunGard’s Ambit Apsys business unit, said: 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, a recognized expert in customer information systems, will allow SunGard to have an integrated product roadmap.

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 for approximately $585.3m, as well as business continuity planning software and services provider Strohl Systems Group.

Content from our partners
Why food manufacturers must pursue greater visibility and agility
How to define an empowered chief data officer
Financial management can be onerous for CFOs, but new tech is helping lighten the load
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy Policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.