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SunGard Acquires Finetix

Houston, Texas-based financial services software developer SunGard has acquired Finetix LLC, SunGard reported Wednesday. Terms of the deal were not disclosed, though SunGard said it doesn’t expect the transaction will have a material impact on its financial resources. Finetix is a financial services IT consulting firm that emphasizes Agile and other software development approaches. Headquartered in New York City, Finetix specializes in custom trading, risk management and e-commerce solutions and will be integrated into SunGard's Consulting Services business. Based in Houston, SunGard serves more than 25,000 customers in 50 countries and has annual revenues in excess of $4 billion.