SunGard Acquires Signix
Offers Online Digital Signature Identification Technology
JACKSONVILLE, Fla.-- SunGard (http://www.sungard.com) announced today that it has acquired Signix. Signix provides a hosted, identity authentication, digital signature and work flow solution that helps companies transform paper intensive approvals to digital processes. The acquisition, the terms of which have not been disclosed, is not expected to have a material impact on SunGard's financial results.
Signix's solution works with customers online to obtain legal digital signatures on required documents. The technology helps customers identify themselves in a personal or business capacity, represent their level of authority on behalf of businesses, commit to legally binding contracts, verify the integrity of a signer or a signed document, and automate the distribution of the signed business document.
"Obtaining signatures online with Signix helps financial and legal firms can expedite customer transactions, reduce overnight delivery costs, and lessen the security risks associated with e-mailing, faxing, and mailing documents." said Don Mackanos, president of SunGard's Omni and Relius business units, "While it is especially effective for remote parties, it is also a valuable service for busy local customers who can not be physically present to finalize agreements."
"No matter how many parties are involved with an agreement, Signix's secure online 'filing cabinet' helps to complete the process in far less time than collecting signatures manually," said Jay Jumper, president of SunGard's Signix business unit. "We expect that those businesses that adopt this technology early will gain a service-level edge to help them compete."
SunGard serves a range of organizations that administer defined-contribution and defined-benefit retirement plans and those in every sector of the insurance industry. Its retirement plan systems support many plan types and aspects of benefit administration ranging from record keeping and processing of contributions and payments, to tax reporting and trade management. SunGard's solutions help its customers become and remain competitive by providing individualized plan solutions to their clients, helping achieve economies of scale in plan administration, and helping satisfy regulatory requirements cost effectively.
SunGard's leading retirement plan administration solutions include OmniPlus (http://sungard.com/omniplus), a scalable record keeping system for a broad range of pension plans, available for licensed installation, on a software-as-service/ASP basis, or through full-service outsourcing; and Relius (http://www.sungard.com/relius), an integrated record keeping solution for 401(k) and other plans available for licensed PC installation or on a software-as-service/ASP basis.
Signix is a provider of patent pending digital signature technology that allows online and call center customers to be authenticated, and issued digital signing credentials. The solution's result is legally-binding signatures that can be applied to documents using a browser from any PC or telephone. Signix uses public key infrastructure (PKI) to help ensure cost-effective security that can be used for a wide range of applications. Visit Signix at www.signix.com
With annual revenue of $4 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 serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com
800-326-7235, ext. 1186,