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Sungard on a Tear
Now comes word that Sungard, the software and data processing vendor primarily to financial services clients like banks, brokerages and traders, has bagged yet another: Sherwood International, a British software and IT services vendor to insurance and government clients, for $105 million.
With sales of about $2.5 billion and a cash hoard of $365 million, Sungard has in the last year or so purchased HTE, an IT software and services for public-sector clients; Brut, a trading software and systems vendor; and Caminus, a supplier of trading and transaction management solutions to energy companies.
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