SunGard Acquires Inmatrix

MELBOURNE, Australia, Feb. 5 /PRNewswire/ -- SunGard today announced that it has acquired Inmatrix, a leading provider of credit risk analysis and business forecasting solutions. Inmatrix, based in Melbourne, Australia, offers two credit management solutions: Optimist, which helps evaluate the credit worthiness of borrowers; and Portfolio Strategist, which helps banks develop a portfolio view of their exposure.  Both solutions will complement SunGard's existing Ambit Risk and Performance solution suite. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard's financial results.

Dale Smorgon, head of business development at Inmatrix, commented: "We believe that this acquisition is a good fit for both companies. SunGard's international reach will help us add greater global scope to a customer base that already includes some of Australia's largest banks."

Andreas Hug, president of SunGard's Ambit Risk & Performance business unit, commented: "Inmatrix's credit management solutions are recognized as leading applications in the risk and performance space. By adding them to SunGard's Ambit solution suite, we are enhancing our offering to give customers a comprehensive credit management solution that covers spreading, rating, credit analysis, portfolio modeling, stress testing and risk consulting."

About Inmatrix

Inmatrix is a global leader in credit risk analysis and business forecasting solutions that enable banks to lower their risk, generate more revenue, build meaningful relationships and make accurate lending decisions. Inmatrix provides all the basic underwriting functions needed to enable banks to evaluate their entire portfolio or individual loans using a multitude of spreading, analytics and stress testing scenarios. Inmatrix also offers an extensive array of banking industry solutions such as C&I, Commercial Real Estate, Personal Cash Flow and Risk Rating delivery under the brands Optimist and Portfolio Strategist.

About SunGard's Ambit

Ambit is a banking solution suite for retail, commercial and private banks. It provides banking professionals with solutions that support front-, middle- and back-office operations, as well as solutions for financial management, risk and compliance. Ambit helps banks improve customer service management, streamline business processes, comply with regulations and capture growth opportunities. www.sungard.com/ambit

About SunGard

SunGard is one of the world's leading software and IT services companies.  SunGard serves more than 25,000 customers in more than 70 countries.

SunGard provides software and processing solutions for financial services, higher 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 exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times.  For more information, please visit SunGard at www.sungard.com.

*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com

Trademark Information: SunGard, SunGard logo and Ambit 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.

SOURCE SunGard