SunGard announced that it has acquired Dataware Solutions, Inc., a provider of automated personal trading, code of ethics and employee compliance solutions for financial institutions. Dataware Solutions will become part of SunGard's Protegent compliance, surveillance and suitability 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.
SunGard provides a diverse set of compliance and risk mitigation solutions that encompass risk management, surveillance, supervision, regulatory and ethics monitoring. Leveraging SunGard's Common Services Architecture, compliance components can be rapidly deployed alongside or embedded within line-of-business systems and orchestrated to provide an enterprise-wide view. SunGard also provides regulatory and compliance consulting services that are designed to help senior executives at financial institutions assess the quality and substance of their risk and compliance programs.
SunGard provides an integrated suite of services to help advisors meet the financial needs of their clients, and capitalize on growing opportunities in wealth management. SunGard helps organizations deliver on the promise of a more holistic and consultative client experience by providing an array of capabilities for client profiling and financial planning, asset allocation and portfolio management, securities processing and asset accounting, and consolidated client reporting and performance measurement.
Dataware Solutions has been providing a range of products and services to financial services firms since 1992. Dataware Solutions' products, Personal Trading Assistant (PTA) and PTAconnect ASP, are browser-based applications that provide a mechanism for managing employee personal trading practices in accordance with regulatory requirements and individual firms' code of ethics. PTA, combined with Dataware Solutions' regulatory, technical and support experience, helps deliver one of the most comprehensive personal trading compliance solutions available.
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