TECHNOLOGY

- By FX Markets Staff
- @FXMarkets_
- 20 Jan 1997

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SunGard Data Systems has reached an agreement in principle to acquire GMI Software for the shares of SunGard common stock worth around $30 million, officials say. The acquisition, which will be accounted for as a pooling-of-interests, is expected to close by January 31 . The transaction is not expected to have a material impact on SunGard's uncial results this year, say officials.

GMI Software, based in Chicago, is an applications software market company supporting exchange-traded derivatives

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