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SunGard integrates and consolidates European operations centres

17 July 2006  |  8765 views  |  0 SunGard

SunGard says it is consolidating its operations in London, Paris, Frankfurt and Zurich in order to deliver a more consistent experience to its European customers.

The vendor says there will be no job losses as a result of the consolidation.

In central London, six offices with a combined staff of more than 900 will move onto three floors of the Citigroup Tower in Canary Wharf. The move begins in July 2006 and over the course of the subsequent eighteen months the six central London SunGard offices will migrate to the shared space.

In Paris, four offices are coming together. An extra floor has been leased at SunGard's existing office in the L'Opéra district. SunGard's business units Adaptiv, AvantGard, BancWare, Reech and STeP will be joined by Cadextan and Armonys, a recently acquired professional services company, and the French global account management team, to create a hub in central Paris.

In Frankfurt, four offices comprising more than 150 people are being consolidated. The move involves the relocation of SunGard business units Adaptiv, EXP, Front Arena, GMI/Octagon, iWORKS, SunGard Consulting Services, the German global account management team and the vendor's regional sales and marketing operations.

Finally in Zurich, SunGard's Adaptiv, Apsys, Front Arena and iWORKS teams, along with the Swiss global account management team, will be moving to new offices. Around 40 people will be moving into new premises in the first phase in September 2006.

SunGard says a state-of-the-art technology backbone across the offices will help increase productivity and provide easier access to the company for its European customers.

Harold Finders, group chief executive officer of SunGard's financial systems business in Europe, says the company is changing the day-to-day working environment and work practices to help collaboration between business units.

"An office infrastructure that supports our business strategy is a major achievement and is symbolic of a new chapter in SunGard’s life in Europe and beyond," he adds.
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