SunGard Acquires XcitekSolutionsPlus, LLC
January 7, 2013 — Wayne, PA
SunGard has acquired XcitekSolutionsPlus, LLC (XSP), a leading provider of end-to-end, automated corporate actions solutions. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard’s financial results.
XSP offers a range of deployed, hosted and SaaS-based solutions that help automate the corporate actions processing lifecycle, including data sourcing and cleansing, position monitoring, notification and response and entitlement processing.
XSP will become part of SunGard’s capital markets business. XSP’s current chief executive, Brendan P. Farrell, Jr., will continue to lead the XSP team, reporting to John Grimaldi, head of the North American securities business for SunGard.
“This acquisition is an exciting step in the growth of XSP. XSP is already considered a leading provider of automated corporate actions processing solutions. Becoming part of SunGard will help us grow our global footprint and further enhance the breadth of our offering,” said Brendan P. Farrell, Jr., chief executive officer at XSP.
John Grimaldi, executive vice president for SunGard’s North American securities business unit, said, “Corporate actions processing is fundamental to the successful operations of most financial services firms, including sell-side traders, custodians, asset managers, hedge funds and wealth managers. These firms are at the heart of SunGard’s business. The acquisition of XSP will help us deliver specialist corporate actions expertise and solutions to these core customers, and enhance our offering to our securities processing, accounting and servicing customers.”
*Source: Aite Group, December 2010
Marlin & Associates acted as exclusive strategic and financial advisor to XSP.
About SunGard’s XSP
SunGard’s XSP provides solutions and services for global corporate actions processing. Accredited with the SWIFTReady Corporate Actions Label, the XSP solution suite offers a range of deployed, hosted and SaaS-based solutions that help automate the corporate actions processing lifecycle, including data sourcing and cleansing, position monitoring, notification and response, and entitlement processing. The suite includes the XSP v5 platform for large multi-tenant enterprises, XSPrisa, a SaaS-based solution for small to medium enterprises and XSP GO!, a suite of customizable user interface components that includes mobile applications. For more information, please visit www.sungard.com/xsp.
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $4.5 billion, SunGard is the largest privately held software and services company and is ranked 480 on the Fortune 500. For more information, please visit www.sungard.com.
About Marlin & Associates
Marlin & Associates Holding LLC is a boutique investment banking and strategic advisory firm specializing in acquisitions and divestitures of U.S. and international middle-market firms that provide technology, digital information and healthcare-related products, technology and services. The firm is headquartered in New York, NY and has additional offices in San Francisco, CA; Washington, DC; Toronto, Canada; and Hong Kong, China.
Marlin & Associates Securities LLC, a wholly-owned subsidiary of Marlin & Associates Holding LLC, is a broker-dealer registered with the Securities and Exchange Commission and is a FINRA/SIPC member firm. Investment banking and/or securities are offered through Marlin & Associates Securities LLC. Marlin & Associates' professionals have advised on more than 200 successfully completed transactions.