SunGard has acquired ValueLink Information Services, a supplier of validated financial data solutions. The acquisition will extend SunGard’s Asset Arena suite of investment management solutions to include robust validation of security pricing and corporate actions data in support of fund valuation and operational reporting processes. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard’s financial results.
ValueLink’s core service offerings help reduce the risk and increase the efficiency involved in the pricing of securities and investment funds. Using a managed data service model, ValueLink collects and consolidates pricing and corporate actions data from numerous sources, and performs six levels of quality checking, including inter-vendor and client specific price analyses. Investment managers and fund administrators rely on the resulting validated data to help meet their requirements for data transparency, operational efficiency and valuation accuracy.
The services delivered by ValueLink complement SunGard’s Asset Arena, which provides accounting and operational support for mutual funds worldwide. ValueLink will become part of SunGard’s Asset Management business and will continue to be led by Stephen Choate.
Choate said, “SunGard will support ValueLink’s continued growth and the ongoing evolution of the mission critical services we provide. We will continue to deliver flexible, customer centred solutions and our customers will benefit from SunGard’s scale, its understanding of the full cycle of investment operations, and its commitment to service. We look forward to leveraging SunGard’s global presence to help extend our services to customers in new markets around the world.”
Doug Morgan, president of SunGard’s institutional asset management business, said, “Our customers are looking for cost effective solutions that provide greater control and transparency over the fund valuation process. ValueLink has built an impressive track record of delivering high-quality services that its customers use to help them ensure the integrity of the data used for critical investment functions. We are eager to introduce ValueLink to our customers as the newest addition to the Asset Arena suite of solutions.”