LOMBARD, Illinois, January 9 /PRNewswire/ --
SunGard (http://www.sungard.com) today announced that its Asset Arena Investment Accounting solution has been named the most innovative fund administration and accounting solution by Financial-i in the magazine's second annual "Leaders in Innovation" awards.
Financial-i selected winners in conjunction with leading industry analyst firms and consultants, basing selections on product innovation over the past twelve months, cost-effectiveness of solution deployment, ease of implementation, efficiency enhancements and the ability to solve specific business problems.
"We are honored to be recognized as a leader in innovation," commented Doug Morgan, president of SunGard's institutional asset management business. "This award highlights SunGard's ability to deliver new capabilities that help streamline our customers' operations. Asset Arena Investment Accounting processes over US$12 trillion in assets, and it is recognized as a leading investment accounting solution for asset managers and third party administrators. SunGard's commitment to product innovation extends across all levels of our organization, providing our customers with a wide range of functionality across virtually all asset types."
Financial-i focuses on how technology is being leveraged to provide business solutions in wholesale transaction banking. Solutions that solve common business issues around the execution, delivery, clearing and settlement of transactions in the wholesale banking space, enhance the provision of value added services to customers, increase the speed of delivery of information, mitigate risk and maintain competitiveness. Visit Financial-i at http://www.financial-i.com.
About Asset Arena
Asset Arena is SunGard's global suite of solutions for front-to-back-office investment support, serving asset managers, third-party administrators, insurers and pension fund managers. Available as an integrated solution set or as individual offerings, Asset Arena covers the entire investment management life-cycle, including trading, compliance, investment accounting, portfolio management and performance measurement and attribution.
With annual revenue exceeding US$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, the SunGard logo and Asset Arena 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.
Don Eng, Institutional Asset Management, SunGard, +1-617-728-1129, firstname.lastname@example.org