SunGard Acquires The Getpaid Corporation

SunGard has acquired The Getpaid Corporation, a provider of accounts receivable and collections management software for working capital optimization. The terms have not been disclosed but the transaction is not expected to have a material impact on SunGard’s financial results. The Getpaid software will be part of SunGard’s AvantGard enterprise treasury solution suite, and will be called AvantGard Getpaid. Sungard hopes that AvantGard Getpaid will help corporations to automate the entire financial value chain from customer order-to-cash management, while gaining real-time visibility into their enterprise cash position. Ken Dummit, president of SunGard’s AvantGard business unit, said, “Improving working capital management is a strategic corporate priority. The majority of corporate treasuries of all sizes continue to rely on non-integrated, labor-intensive (even paper-based) processes for working capital management, most of which are inefficient and prone to errors.”

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