SunGard has acquired DSPA Software, a supplier of sales compensation and distribution management software to the insurance industry. DSPA will become part of SunGard's insurance business. The transaction is not expected to have a material impact on SunGard's financial results. Terms of the deal were not disclosed.
DSPA offers FASAT, a distribution management and incentive compensation management software solution for the life insurance industry. FASAT helps customers to manage evolving distribution channels, support growing product lines, and improve operational efficiencies. FASAT's rule-based structure and flexible component definition helps insurance companies respond to new product and distribution initiatives by minimizing dependence on traditional system development. SunGard will continue to offer FASAT for use by life insurers and as a complementary solution to SunGard's range of existing applications serving the life insurance industry. "FASAT adds a comprehensive distribution and ICM software solution to SunGard's iWORKS suite of solutions for the insurance industry," says Greg Webber, president of SunGard's insurance business. "It extends the breadth of functionality we can offer to our customers."
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