Atlanta - SunGard Data Systems Inc., Wayne, Pa., has acquired DSPA Software Inc., a Mississauga, Ontario-based supplier of sales compensation and distribution management software to the insurance industry. DSPA Software will become part of SunGard's insurance business.
DSPA Software Inc. offers FASAT, a comprehensive distribution management and incentive compensation management ICM software solution for the life insurance industry. FASAT is designed to help customers manage evolving distribution channels, support growing product lines and improve operational efficiencies. Its rule-based structure and flexible component definition was developed to help insurance companies respond rapidly 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.
"We are pleased to be part of SunGard's insurance business and look forward to leveraging the company's global resources, stability and strength to continue to grow FASAT," says Scott Peart, president of DSPA.
Greg Webber, president of SunGard's insurance business, says, "FASAT adds a comprehensive distribution and ICM software solution to SunGard's iWORKS suite of solutions for the insurance industry. It extends the breadth of functionality we can offer to our customers."
Source: SunGard Data Systems Inc.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access