SunGard acquires ASP pioneer Kiodex

Kiodex will be an operating unit of SunGard Trading and Risk Systems, headed by Raj Mahajan as president. Tom Farley and Charles Reyl will assume key executive positions in the new business unit as chief operating officer and vice president, financial engineering, respectively.

Former Kiodex CEO Martin Chavez will continue working in an advisory role for the company, but has stepped away from day-to-day management.

The ASP model has been gaining popularity over recent months as smaller

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At a webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

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