SunGard announced the acquisition of Zurich-based Genix Systems AG, a provider of customer information systems to small and medium-sized private banks.
Genix will be integrated into SunGard’s banking business, and Genix’s flagship solution – WinDekis – will become a part of SunGard’s Ambit Apsys private banking solution. 
Daniel Bardini, president of SunGard Ambit Apsys business unit, emphasized the value of focusing on small and midsized businesses in the current economic climate. “In the wake of the recent financial crisis, many small and medium-sized Swiss private banks have experienced significant growth in their customer numbers,” he said. “This growth highlighted the efficiencies gained from having tight integration between core banking and customer information systems. The acquisition of Genix, recognized experts in customer information systems, will allow SunGard to have an integrated product roadmap.” 
Co-founder of Genix, Bruno Matter views the acquisition as an opportunity to expand the company’s customer base and build on a strong foundational relationship with SunGard’s private banking team. “We have worked with SunGard, and particularly the Ambit Apsys private banking team, for a number of years and have always enjoyed a good working relationship. This acquisition will now give us access to a wider customer base and provide us with the backing of a strong and experienced company,” he said.

Register or login for access to this item and much more

All Information Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access