TECHNOLOGY

TECHNOLOGY

SunGard Data Systems has signed a definitive agreement to acquire California-based ADS Associates for shares of SunGard common stock of about £30 million.

The acquisition, which will be accounted for as a pooling-of-interests, is expected to close in the fourth quarter of this year. The transaction is not expected to have a material impact on SunGard's financial results.

ADS's application software product Global Trader supports FX, money markets and fixed income trading activity world-wide.

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