Wilco may acquire TCA Synergo

HYDERABAD: In a bid to provide global reach to its products, Wilco

International, a wholly-owned subsidiary of ADP Inc., has signed an agreement

with the Terence Chapman Group PLC for the acquisition of the UK-based TCA

Synergo. The agreement, which is subject to shareholder approval later this

month, includes the assets and business of TCA Synergo, including the TAROT2000

e-broking and its private client investment management system.

Some of TCA Synergo’s clients include Barclays Stockbrokers, Charles

Schwab, Corporation of Lloyd's, Edward Jones, Halifax Share Dealing, NCB

Stockbrokers and Tilney Investment Management.

The acquisition is part of Wilco's strategy to extend its product reach in

the global retail securities markets and follow the acquisition of the

Australian retail solution SUMMIT. The acquisition of TCA Synergo includes over

100 staff currently working in TCA Synergo's London office. The Terence Chapman

Group is divesting the TCA Synergo business to enable TCA Consulting to converge

its focus on strategies to become a leading provider of IT-related services in

the finance sector.

Commenting on the acquisition, Wilco International CEO Steve Bloomer said:

"This is the latest development in our strategy for the international

retail markets. It also represents another contribution by Wilco that will

further extend the functional coverage of ADP's strategic platform, the Global

Processing Solution (GPS).

Wilco is an international software and services provider, specializing in

solutions to support retail and institutional STP operations, e-brokerage and

outsourcing. It is represented globally through its regional offices in London,

New York, Toronto, Hong Kong, Tokyo, Frankfurt, Geneva and Hyderabad. Wilco has

several international clients such as Goldman Sachs, Nomura, Merrill Lynch,

Deutsche Bank and UBS Warburg.