SunGard Acquires Advanced Portfolio Technologies
NEW YORK, March 5 /PRNewswire/ --
SunGard (http://www.sungard.com) today announced that it has acquired Advanced Portfolio Technologies, Inc. (APT), a leading global provider of risk management systems and portfolio optimization software for asset managers, hedge funds, pension funds, broker/dealers and proprietary traders. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard's financial results.
Founded in 1985, APT provides multi-factor risk models, portfolio analysis and optimization tools, and risk-management software. Its key…