Swift complets Ambit acquisition; sets up Arkelis subsidiary

Source: Swift

SWIFT marked the completion of the acquisition of the Ambit Messaging Hub assets from SunGard and the creation of a new wholly owned SWIFT subsidiary: Arkelis N.V.

The management and staff of the AMH product line have transferred from SunGard to Arkelis, which will be based in Mechelen, Belgium, with offices in Frankfurt and Zurich. The company's focus is to provide a leading-edge single integration platform primarily for the high-volume messaging customers in the financial services industry.

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