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Northern Arch announces SunGard as global distributor
of 42
London, 19 May 2008 – Northern Arch, the global provider of asset finance software,
is pleased to announce that SunGard has been appointed as sole distributor of the
software solution, 42. Northern Arch developed 42 in response to a gap in the asset
finance market to provide a truly end-to-end, single database solution with a fully
integrated suite of functionality. Developed using MicroSoft.NET, 42 is a sophisticated
end-to-end financing platform, combining the depth and breadth of functionality
required by leading financing companies worldwide.
SunGard, a global leader in software and processing solutions for financial services,
recognized the potential of 42 and has added the solution to the suite of financial
services products that they currently market worldwide.
Lester Singleton, founder and chief executive officer at Northern Arch, said: “We
are delighted about the joint venture with SunGard. The 42 product is an innovative
and unique offering for the asset finance industry. The commitment from such a heavy-weight
organization as SunGard to market 42 further demonstrates the product's potential
in the asset finance market.
Northern Arch's relationship with SunGard means that the capability to reach a global
audience is available to us immediately, whilst still retaining focus on a niche
market that has a lot of opportunity to grow and develop.”
About Northern Arch
Northern Arch is a global provider of asset finance, fleet management,
and consumer credit software. The team has successfully developed and delivered
sophisticated financial technology solutions since 1989. Before founding Northern
Arch, they established the world's premier integrated treasury management solution
for blue-chip corporations and financial institutions which is now part of SunGard's
banking solutions.
About SunGard
With annual revenue of $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 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.
Trademark Information: SunGard and the SunGard logo are trademarks or registered
trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other
countries. All other trade names are trademarks or registered trademarks of their
respective holders.
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