SunGard buys Quantum advantage

Global Finance, Feb 2000 by Queree, Anne

SunGard is to acquire Global Information Solutions, the owners and developers of the Quantum Treasury Management System, along with the Quantum business operations of KPMG Information Solutions. The move consolidates SunGard's leadership of the treasury systems market. It gives the company a topend treasury system to add to its growing stable of treasury products, which include ICMS/TS, Resource/Q2, and ProFX.

According to Peter Papas, managing director of KPMG Information Solutions and founder of the group's European and US operations, the deal brings GIS/KPMG IS a strong financial partner as well as synergies in the areas of sales and marketing and some R&D. SunGard will also extend its presence in Europe and Asia, where Quantum's reputation and client list is considerable. Users of Quantum include Dell Computer, Sun Microsystems, Pfizer, Warner-Lambert, Philips International, United Technologies, and Shell International.

Says Papas: "We have a strong business model, and both organizations are interested in learning from each other's success."