SunGard to establish office in DIFC

Notes and media contacts

About SunGard
With annual revenue exceeding $5 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business.

SunGard Financial Systems provides mission-critical software and IT services to institutions in virtually every segment of the financial services industry. The primary purpose of most of these systems is to automate the many specialized business processes associated with trading, managing investment portfolios and accounting for investment assets.

They address the processing requirements of a broad range of users within financial services, including asset managers, traders, custodians, compliance officers, treasurers, insurers, risk managers, hedge fund managers, plan administrators and clearing agents.

SunGard also provides consulting services that focus on implementation and integration of these solutions and on software development.

SunGard has 17,900 employees who work in 400 offices in 30 countries. Its corporate headquarters is located in Wayne, Pennsylvania. SunGard serves more than 25,000 customers in more than 70 countries, including the world's 25 largest financial services companies.

With an expanding footprint in the Middle East region, SunGard Middle East headquarters in Dubai extends its local support and implementation capabilities to a regional customer base of over 70 institutions within the finance domain. SunGard's regional office in the Dubai International Financial Centre, serves as a hub for all of the business development and project management of the regions' financial systems industry.

About DIFC
The Dubai International Financial Centre (DIFC) is an onshore hub for global finance. It bridges the time gap between the financial centres of Hong Kong and London and services a region with the largest untapped emerging market for financial services. In just four years, over 800 firms have registered at DIFC. They operate in an open environment complemented with world-class regulations and standards. DIFC offers its member institutions incentives such as 100 per cent foreign ownership, zero tax on income and profits and no restrictions on foreign exchange. In addition their business benefits from modern infrastructure, operational support and business continuity facilities of uncompromisingly high standards.

Contact Person: Reem Rabia
SunGard Financial Systems
Marketing Manager, Middle East
Tel: +971 4 391 1180

Media enquiries:
Shaima Al Zarouni
Assistant PR Manager
Dubai International Financial Centre
Tel: +971 4 362 2432

Iman Ahmad
Regional Media Relations Manager
Dubai International Financial Centre
Tel: +971 50 2058021

Nova Ghadri
Media Executive
Dubai International Financial Centre
Tel: +971 4 362 2499