SunGard Data Management Solutions, an operating group of SunGard, has been awarded Best Data Management Solution by the editors of Waters Magazine in the publication's December 2004 Waters Awards issue.
"We are very proud to have been recognised for our efforts by such a well-respected and trusted publication like Waters," commented John Hyde, group chief executive officer for SunGard Data Management Solutions. "It is not only a fine endorsement of our technology and our commitment to improving efficiency and quality for our customers, but of the employees who help make that happen every day."
Waters' editors hailed SunGard Data Management Solutions' continued customer loyalty, the strength of its technology and management team, as well recent efforts to integrate its real-time and historical data solutions with its industry-leading data management tools onto a common platform.
Most notably, Waters cited SunGard's recent unveiling of its new reference Point Managed Data Service, a fully managed, outsourced solution for the loading, cleansing, formatting, enrichment, storage and distribution of data to downstream systems.
The new service helps large-scale financial institutions to effectively outsource their data management operations to SunGard, helping them to benefit from SunGard's efficiencies-of-scale as well as best practices developed and adopted by its pool of customers. A high-cost activity for many firms, in-house data management is considered by many to provide few competitive advantages, making it an ideal candidate for outsourcing.
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Waters covers the practical implementation of technology in the securities industry. Since its launch in 1993, financial technology professionals worldwide have relied on Waters for focused, in-depth coverage of financial market data and technology. As firms trade up their systems, Waters defines the challenges that the top global financial services confront, be they old school issues like trading room systems and operations or new business propositions like consortia portals and e-commerce spin-offs. Waters is online at www.watersonline.com.
SunGard Data Management Solutions
SunGard Data Management Solutions provides technology solutions for the management and delivery of market, historical and reference data to financial services institutions, energy and public sector organisations. It also offers outsourced data management services, as well as real-time, interactive and flat-file data feeds for application integration. SunGard Data Management Solutions aggregates market data and financial content from more than 100 third-party sources, adding value through a range of services including cleansing, enrichment and analytics. Visit SunGard Data Management Solutions at www.data.sungard.com.
SunGard
SunGard is a global leader in integrated software and processing solutions, primarily for financial services. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 20 000 customers in more than 50 countries, including the world's 50 largest financial services companies. SunGard is a member of the S&P 500 and has annual revenue of $3 billion. Visit SunGard at www.sungard.com.
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