SunGard Adds Accounting Software To Hedge Fund Suite

Nov 22 2006 | 12:31pm ET

Financial services software provider SunGard has added to its suite of alternative investment products with the acquisition of Melville, N.Y.-based Integrated Business Systems. IBSI is the maker of Visual Portfolio Manager, accounting software used by some 50 hedge funds managing $135 billion.

Terms of the deal were not disclosed.


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