SunGard Acquires TimeSquare Business Of Soliton Inc. To Become Part Of ReferencePoint EDM

SunGard says that it has acquired the TimeSquare business of Soliton Inc., a provider of data management solutions for the financial services industry. TimeSquare will become part of SunGard's referencePoint enterprise data management (EDM) managed services and solutions business. The

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SunGard says that it has acquired the TimeSquare business of Soliton Inc., a provider of data management solutions for the financial services industry. TimeSquare will become part of SunGard’s referencePoint enterprise data management (EDM) managed services and solutions business.

The transaction, the terms of which have not been disclosed, is not expected to have a material impact on SunGard’s financial results.

“Financial institutions increasingly require a continuously expanding array of data sources, data management technology and expertise,” says Janet Crowley, the president of SunGard’s referencePoint business unit. “SunGard is well positioned to help them ensure data accuracy and scalability, meet compliance-based requirements, and satisfy the diverse range of consumers of data within the firm. TimeSquare complements SunGard’s current data management offerings by bringing additional knowledge and expertise in managed data services helping meet the market data, reference data and time series data requirements of financial institutions.”

SunGard’s says referencePoint is designed to solve the problems associated with the collection and management of reference and market data across an enterprise.

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