More NewsSunGard Acquires Syntesys to Expand SWIFT Connectivity and Services

SunGard Acquires Syntesys to Expand SWIFT Connectivity and Services

SunGard has completed its acquisition of Syntesys, a European SWIFT service bureau and network of business and technical experts dedicated to serving the SWIFT community. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard’s financial results.

The Syntesys acquisition will strengthen SunGard’s AvantGard Ecosystem Communication Hub (Echos) offering by expanding service bureau delivery capacity and locations as well as adding a suite of SWIFTReady services. SunGard’s AvantGard Echos provides managed connectivity for corporations and financial institutions with access to a suite of services such as electronic bank account management (eBAM), statement aggregation and bank fee analysis. The management and staff of Syntesys will join SunGard and will be based in France, the UK, Switzerland and Germany.

Adyl Sayagh, chief executive officer (CEO) of Syntesys, said: “The addition of Syntesys solutions to the SunGard offerings will help our corporate and banking customers gain easier and faster connectivity. Our services help banks deliver greater value to their corporate customers while helping corporations streamline their connectivity.”

Related Articles

Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

2m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

3m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

3m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

3m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

4m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

4m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

4m Tasja Botha
FX for corporates: 5 best practices for treasurers

Economy FX for corporates: 5 best practices for treasurers

4m Mateo Graziosi