SunGard officials announced Thursday that the company has acquired PredictiveMetrics, a company that provides predictive scoring and analytical services for collections, credit, utilities and other markets.

The acquisition will help extend SunGard’s AvantGard suite of receivables solutions to offer statistical scoring services that allow organizations to proactively analyze the credit and collection worthiness and likelihood of delinquency or payment across their portfolios. Terms of the acquisition were not disclosed.

SunGard provides liquidity management services for corporations, insurance companies and the public sector.

PredictiveMetrics’ core services of credit and collection analyses will become part of SunGard’s AvantGard Receivables service and will be marketed under the AvantGard Receivables brand. The predictive modeling solution will help build an offering for trade credit liquidity decisioning across the receivables portfolio and enable companies and lenders to apply modeling to better evaluate risk and liquidity.

Michael Banasiak, president at PredictiveMetrics, says, “Being part of SunGard will help us offer increased flexibility and choice to the credit and collections community. We are very pleased to expand into new areas such as trade credit liquidity in order to deliver more sophisticated solutions for optimized liquidity management."

Banasiak will join SunGard as part of the AvantGard team.

C.J. Wimley, executive vice president at SunGard’s AvantGard business unit, says, “The acquisition of PredictiveMetrics is a strategic step forward in our long-term plan to help companies manage their receivables as a capital investment. Performing predictive analytics across the receivables portfolio helps companies mitigate corporate credit risk and gain valuable insight for improved decision-making.”

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