SunGard to make swift aquisition of Syntesys

Software and technology services company SunGard will acquire Syntesys, a European Swift service bureau, in a bid to expand its outsourcing service for corporate to bank messaging.

Round up of today’s M&A Deals:

Software and technology services company SunGard will acquire Syntesys, a European Swift service bureau, in a bid to expand its outsourcing service for corporate to bank messaging.

According to SunGard, the acquisition will strengthen its AvantGard Ecosystem Communication Hub (Echos) by adding the service bureau capacity and locations as well as a suite of SwiftReady services.

The services provided include data normalisation, transformation and enrichment of messages via Swift or other financial messaging networks. The management and staff of Syntesys will join SunGard and will be based in the United Kingdom, France, Switzerland and Germany.

“Facilitating connectivity between corporations and their trading partners, particularly banks, is a core component of our growth strategy,” says Scott Coffing, president of SunGard’s corporate liquidity business. “We will deliver managed Swift connectivity together with services such as eBAM, statement aggregation and payments management to both corporations and banks.”

Round up of today’s M&A Deals:

  • The contract has been signed for the purchase of Threadneedle by Porta, who will acquire 80 percent of the company which will become Newgate Threadneedle

Value: £3.8 million

Adviser: undisclosed

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  • Pansoft will enter into an agreement to acquire all of the equity interests of Hefei Langji Technology Co (Langji) and its wholly-owned subsidiary Shanghai Zhongrui

Value:  RMB10.8m ($1.08 million)

Adviser: undisclosed

Read more

  • u-blox, the Swiss positioning and wireless chip and module company, has acquired San Diego-based Fusion Wireless, a provider of CDMA wireless modules for consumer and M2M applications in North America

Value: undisclosed

Adviser: undisclosed

  • Two leading digital conventions, re:publica and NEXT plan to merge their respective events under the auspices of the fifth annual Berlin Web Week

Value: undisclosed

Adviser: undisclosed

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  • European software firm Opera Software has acquired US based mobile application store platform company Handster, to strengthen its mobile store offerings

Value: undisclosed

Adviser: undisclosed

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  • World Energy Solutions, an energy management services firm, will purchase the energy procurement business of Co-eXprise, a privately-held enterprise software firm. The acquisition adds valuable new government, institutional, and commercial & industrial clients to its customer base

Value: undisclosed

Adviser: The Investor Relations Group

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  • Chegg is to acquire Zinch in another move toward a social education platform

Value: undisclosed

Adviser: undisclosed

Read more

  • InMobi, the independent mobile ad network, is to receive investment from SOFTBANK Corp

Value: $200 million

Adviser: Kleiner, Perkins, Caufield & Byers and Sherpalo Ventures

Read more

  • Nualight, an Irish energy efficiency lighting company that specializes in lighting for food retail displays, has acquired Lumoluce, an LED lighting technology company based in the Netherlands

Value: undisclosed

Adviser: undisclosed

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  • Dealer Media Group has acquired Tom Park Results

Value: undisclosed

Adviser: undisclosed
 
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  • BMG Rights Management is to acquire Bug Holdings and its subsidiary, Bug Music which are controlled by Spectrum and Crossroads Media

Value: undisclosed

Adviser: J.P. Morgan, Latham & Watkins

  • E+M Advertising, an integrated brand response marketing agency based in New York, is merging with Piazza Advertising, a full service advertising agency with capabilities in social commerce, mobile commerce, merchandising advergaming, QR codes and augmented reality

Value: undisclosed

Adviser: undisclosed

Read more

Todd Cardy

Adelbert Swaniawski

Todd was Editor of GrowthBusiness.co.uk between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital. Connect with...

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