SunGard acquires Delphi Technologies

DUBLIN, IRELAND: SunGard has acquired Delphi Technologies Ltd, a Dublin-based provider of consulting services and managed professional services to Ireland's financial services, insurance and telecom industries.

Delphi will become part of SunGard's European Consulting Services business. The transaction, the terms of which were not disclosed, is not expected to have a material impact on SunGard's financial results.

Delphi was founded in 1988. It delivers consultancy services and managed professional services to some of Ireland's largest financial services and telecommunications companies. With over 140 staff and contractors, Delphi has two main operating divisions: managed professional services, which offers project management, business analysis and testing skills; and consultancy services, which offers outsourced project management and best practice services.

Martin Walsh, chief executive officer of Delphi, commented: "Delphi's business has grown steadily over the last 20 years, mirroring the development of Ireland's financial services industry. With Dublin now a top-10 financial centre for both insurance and asset management*, we are well placed to attract greater business from international financial institutions. Becoming part of SunGard will help us to capture and capitalize on this business, and give us international reach to sustain our growth."

Didier Neyrat, president of SunGard's European Consulting Services business, said: "SunGard's acquisition of Delphi serves three key purposes: it further extends our consulting capabilities in Europe growing our number of consultants to over 700; it broadens our solution set to cover specific quality and testing skills; and it helps to build our infrastructure in a country where SunGard has more than 50 customers. Delphi has a good reputation and an excellent customer base, and we look forward to integrating it with SunGard Consulting Services over the coming months."