SunGard, a provider of software and processing solutions, has acquired DSPA Software, a supplier of sales compensation and distribution management software to the insurance industry. DSPA Software will become part of SunGard’s insurance business.
DSPA Software offers Fasat, a comprehensive distribution management and incentive compensation management (ICM) software solution for the life insurance industry. Fasat helps customers to manage evolving distribution channels, support growing product lines, and improve operational efficiencies. Fasat’s rule-based structure and flexible component definition helps insurance companies respond rapidly to new product and distribution initiatives by minimizing dependence on traditional system development. SunGard will continue to offer FASAT for use by life insurers and as a complementary solution to SunGard’s range of existing applications serving the life insurance industry.
Scott Peart, president of DSPA, said: We are pleased to be part of SunGard’s insurance business and look forward to leveraging the company’s global resources, stability and strength to continue to grow Fasat.