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SunGard Responds to Customer Concerns

President of SunGard treasury solutions group sees FIS acquisition as good for the AvantGard product line.

By Treasury & Risk Staff | Updated on September 16, 2015

Banking technology provider Fidelity National Information Services, or FIS, recently announced that it is acquiring SunGard in a deal expected to close in the fourth quarter of this year. Some customers of SunGard’s products for corporate treasury have expressed concern that acquisition by a company focused on the financial services sector might reduce SunGard’s level of investment in improving its treasury management offerings.

That’s not how Andrew Bateman sees it. Bateman is president of the treasury solutions group at SunGard, and he thinks customers should be focused on the two companies’ “highly complementary” product lines.

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