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.
"FIS has leadership positions in corporate banking and payment solutions, which complement solutions for corporate customers that are using these services from their banks," Bateman says. "The combined company will have both sides of the equation, which presents significant opportunities as we bring these businesses together."
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