SunGard Treasury Systems to Acquire Global Information Solutions Ltd.
SunGard Treasury Systems announced that it has signed a definitive agreement to acquire New Zealand-based Global Information Solutions Ltd. (GIS). GIS is a leading international provider of treasury information systems for major corporations and banks. GIS’ headquarters and development staff are located in Christchurch, New Zealand. Sales and support are provided through joint-venture distribution operations with KPMG IS in London and Sydney and in the U.S. from Stamford, Connecticut. All of the staff and business of the joint-venture distribution operations will be acquired by SunGard Treasury Systems as part of the transaction. GIS’ Quantum product is a second-generation real-time treasury management system for corporations and financial institutions. Quantum offers comprehensive functionality and will complement SunGard’s four existing products, ResourceIQ2, GTM, ICMS/TS and ProFX.