SunGard today announced that it has acquired Inmatrix, a leading provider of credit risk analysis and business forecasting solutions.
Inmatrix, based in Melbourne, Australia, 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 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, commented: "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 SunGard's Ambit Risk & Performance business unit, commented: "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."