(9 February 2010 – Australia) SunGard, a global provider of software and IT services serving more than 25,000 customers in more than 70 countries, has announced its acquisition of the Australian credit risk specialist, Inmatrix.Inmatrix, based in Melbourne, is a provider of credit risk analysis and business forecasting solutions that enable banks to lower their risk, generate more revenue and make accurate lending decisions.
With Inmatrix, SunGard acquires two credit management solutions; Optimist, which helps evaluate the credit worthiness of borrowers; and Portfolio Strategist, a system that 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, said they believe that this acquisition is a good fit for both companies. SunGard’s international reach will help Inmatrix add greater global scope to a customer base that already includes some of Australia’s largest banks.