NEW YORK SunGard Trading and Risk Systems, an operating group of SunGard Data Systems Inc., said Friday that it had acquired Alpha-Numeric Developments Ltd., a credit risk software development and consulting business in Oxford, England.
SunGard plans to use the Alpha-Numeric group to enhance the research, development, and implementation of Credient, SunGards service for global credit risk management and control. The Alpha-Numeric employees will continue to work in the Oxford office, focusing on the development, quality assurance, and professional services of Credient.
David Rowe, senior vice president of risk management at SunGard Trading and Risk Systems, said that Alpha-Numeric bridges the gap between academia and practical application, with ongoing relationships with research experts in quantitative finance, mathematics, physics, and engineering at Oxford University.
The price of the deal was not disclosed.