SunGard Data Systems Inc. announced Monday that it has acquired the assets of Financial Technology Integrators LLC, a provider of hosted systems for financial companies.
SunGard did not provide financial terms but said the acquisition would not have a material impact on its results.
FTI specializes in systems integration for banks, trusts, and investment managers. It uses service-oriented architecture to tie together portfolio management, pre-trade compliance, regulatory compliance, integrated performance reporting, and modeling systems.
SunGard, which went private in August 2005 in an $11.4 billion leveraged buyout financed by private equity, said it would incorporate FTI into its wealth management unit. Both companies are based in Wayne, Pa.
