SunGard has just expanded its research capabilities with its purchase of consultancy firm ASTEC. ASTEC will become part of SunGard’s securities finance operations, within the company’s capital markets and investment banking business. Ed Blount, founder of ASTEC, will continue to manage the business. The terms of the deal were not disclosed.

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SunGard (http://www.sungard.com) today announced that it has acquired The ASTEC Group (ASTEC), a specialist research consultancy and provider of information products and analytics on securities finance. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard’s financial results.

Founded in 1980, ASTEC has over 300 public funds and organizations and more than 80 mutual fund families in its research cooperative. The company also provides information products, analytics, technical services and securities finance solutions to over 50 organizations worldwide. Through its suite of analytics solutions for securities lending performance management, program management and trading, ASTEC provides securities lending data aggregation, analysis and program reviews for beneficial owners, custodian banks, broker dealers and hedge funds. Solutions include Lending Pit, Index Data Feed and Loan Monitor.

ASTEC will become part of SunGard’s securities finance operations, within the company’s capital markets and investment banking business. Ed Blount, founder of ASTEC, will continue to manage the business, reporting to Brian Traquair.

Brian Traquair, president of SunGard’s capital markets and investment banking business, commented: “We are pleased to have ASTEC become part of SunGard’s expanding securities finance business. ASTEC brings to SunGard more than twenty years of experience, a comprehensive reference dataset and a reputation for rigorous analysis and innovative solutions that provide real information to securities finance professionals. What this means is that we are now able to provide our customers with an enhanced range of tools for performance analysis and industry transparency.”

About ASTEC

ASTEC is a research company specializing in bringing clarity to an opaque markets. ASTEC has been a leader in providing information and analysis on securities finance, secured lending, and transitional economies for more than twenty years. Today, ASTEC offers a wide range of market models and peer review tools to help its many clients analyze their risks, returns, fees, and service quality. For more information, visit www.astecgroup.com

About SunGard Securities Finance

SunGard Securities Finance provides services and solutions for securities lending and financing. Financial institutions worldwide, including broker dealers, hedge funds and custodial banks, depend on SunGard for recordkeeping, operations and settlement. SunGard Securities Finance provides order routing, comparison, mark-to-market and automated recall services, enabling exception based straight-through processing between industry participants. SunGard Securities Finance also offers solutions for short sale automation, inventory management and optimization, and regulatory reporting for U.S. broker dealers. For more information, visit http://www.sungard.com/financial/default.aspx?id=258

About SunGard

With annual revenue exceeding $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world’s 50 largest financial services companies. Visit SunGard at www.sungard.com

Trademark Information: SunGard and the SunGard logo are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders. 

Edited by: Erin Kello


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