SunGard (http://www.sungard.com) announced that it has acquired the TimeSquare business of Soliton Inc., a leading 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 (http://www.sungard.com/referencepoint). 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 solutions for cleansing, managing and distributing market, times series, and reference data enterprise-wide on behalf of its financial, energy, public sector, and intermediary customers. Leveraging SunGard's Common Services Architecture ( http://www.sungard.com/csa ), SunGard's referencePoint, which is available as an in-house solution or a managed data service, is designed to solve the problems associated with the collection and management of reference and market data across an enterprise.
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