SunGard Acquires Australia-Based Inmatrix

SunGard, a provider of software and processing solutions for financial services, has acquired Inmatrix, an Australia-based provider of credit risk analysis and business forecasting solutions.

Inmatrix offers two credit management solutions: Optimist, which helps evaluate the credit worthiness of borrowers; and Portfolio Strategist, which helps banks develop a portfolio view of their exposure. Both solutions are likely to complement SunGard's existing Ambit Risk and Performance solution suite.

Dale Smorgon, head of business development at Inmatrix, said: “We believe that this acquisition is a good fit for both companies. SunGard's international reach will help us add greater global scope to a customer base that already includes some of Australia's largest banks.”

Andreas Hug, president of Ambit Risk & Performance business unit at SunGard, said: “Inmatrix's credit management solutions are recognized as leading applications in the risk and performance space. By adding them to SunGard's Ambit solution suite, we are enhancing our offering to give customers a comprehensive credit management solution that covers spreading, rating, credit analysis, portfolio modeling, stress testing and risk consulting.”

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