SunGard Treasury Systems has acquired treasury management software vendor, Integrity Treasury Solutions, for an undisclosed sum.
Integrity's flagship product, Integra-T, is a Web-enabled corporate treasury cash and risk management system with a global client base of more than 130 large corporate, utility, government and bank users. The product provides multi-currency, multi-company capabilities that integrate front to back office processing, settlement, reporting, accounting, control and decision support.
Initially established in Sydney in 1989, Integrity has more than 100 staff at its operations in London, Chicago, Toronto, Melbourne, Hong Kong, Singapore, Tokyo and Mexico City.
SunGard says Integra-T will be integrated with its AvantGard suite of treasury products following the acquisition.
Charles Cooke-Hurle, chief executive officer, Integrity Treasury Solutions, comments: "Becoming part of SunGard is an opportunity to further our growth by joining SunGard's vast resources and financial strength, and offering those benefits to our customers."