SunGard has acquired Shanghai Fudan Kingstar Computer Co., Ltd , a provider of software and processing applications for China’s financial services, higher education and the public sectors.
SunGard says Kingstar will help the company expand its product offering and business operations in China. Kingstar technology is useful in exchange management, futures trading, securities trading, gold trading, brokerage management, data warehousing, and campus and smartcards for higher education. Kingstar has operated in China for over 10 years and has more than 500 staff.
“As China continues to grow, the financial services industry will look to increase its range of products and services as well as expand internationally,” says Zhou Hua, president of SunGard’s Kingstar business unit. “With more than 400 customers in China, Kingstar has developed a strong understanding of the domestic industry.”
John Wilson, president of SunGard’s Asia-Pacific business, adds that “the combined strengths of the two companies will help SunGard Kingstar deepen its relationships in China and offer local knowledge, proven solutions and global expertise.”