The purchase of SunGard by FIS is to close in Q4 this year. At the Eurofinance Conference in Copenhagen last week, SunGard were stressing how important it is to be moving from private equity company ownership to a public company who have experience in the financial services business and in payments and banking.

Andrew Bateman, President, Treasury & Energy Solutions at SunGard, said “This is not another takeover by another TMS provider; it is rather a merging of two complementary technology service companies.”

Going forward

SunGard intends to focus their support and development on their two main systems- Quantum, for companies with more complex requirements and developed as an installed solution or in a private cloud environment, and - Integrity for companies with less complex requirements and delivered as installed solutions, private cloud or as part of SunGard’s SaaS offering. This is the range going forward, nevertheless SunGard will continue to support the older systems, such as Globe$ and ResourceIQ, so the customer who does not want to move will not lose out.