The world, they say, is a small place-and in risk management, getting smaller all the time. On October 17th, SunGard Data Systems Inc. announced that it had reached an agreement to merge with Mountain View, CA-based Infinity Financial Technology in a stock-for-stock transaction in which each share of Infinity common stock will be exchanged for 0.68 of a share of SunGard common stock. The stock swap values the eight-year-old financial trading and risk management technology firm, founded by CEO Roger Lang, at $313 million.

Ironically, the deal comes on the heels of S.W.I.F.T.'s annual SIBOS conference, held in Sydney, Australia, just a week or so prior to the merger. It was at SIBOS that SunGard's Panorama developers pointedly contrasted their system with that of Infinity Financial Technology, a competitor in the esoteric risk management technology business where outsized brains and egos constantly jostle for advantage. "We have a system, not a project," said Panorama vice president Ian Green during a detailed presentation at the Regent Hotel.

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