In a deal that will combine a base of more than 9,000 financial institutions and 2,500 corporate users of messaging technology, SWIFT plans to acquire Ambit Messaging Hub Assets from SunGard.

Officials from both firms say the move is designed to strengthen the relationship between the companies, since SunGard’s AvantGard Echosystem Communication Hub (Echos) for corporate-to-bank messaging is based on the AMH technology.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.