EXHIBIT 13.2
SunGard Business Areas
| Businesses: | Solutions used for: | Solutions used by: | Principal brands/services: | Leadership: | ||||
| Investment Support Systems Revenue: $1.61 billion—2003 / $1.41 billion—2002 | ||||||||
| Brokerage & Trading
Revenue $541 million – 2003 $405 million – 2002 |
Integrated straight-through processing for trade analysis, capture, matching, routing, confirmation, clearance, settlement, accounting and reporting. | Broker/dealers, trading and sales desks in banks, proprietary trading firms and hedge funds.
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BRASS; FRONT ARENA; MicroHedge; UMA; U2
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70% of Nasdaq trade orders flow through SunGard systems.
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| Bank and brokerage back-offices, and clearing firms in the U.S. and U.K. Futures back-offices worldwide.
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GMI; InTrader; Octagon; Phase3; SunGard Stream
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75 exchanges worldwide are supported by SunGard futures
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| Brokerage, execution and clearing services. | Broker/dealers, institutional investors and professional traders, mostly in North America. | BRUT; HammerTrade; SunGard Transaction Network | 1,800 asset managers, 700 issuers and 90 broker/dealers are connected to the SunGard Transaction Network.
5 million transactions/day are processed on SunGard systems. | |||||
| Wealth Management
Revenue $286 million – 2003 $279 million – 2002 |
Integrated wealth management, asset accounting, portfolio management, trust accounting, trust tax services, securities lending and custody back-office processing. | Private banks, trust banks, brokers, investment advisors, custodians and fiduciaries worldwide. | AddVantage; Charlotte; Custody Services; Global One; Global Plus; Loanet; OmniLend; SunGard Wealth Management Services; Trust Tax Services of America; WorldLend | 750 trust banks manage $2.5 trillion in assets on SunGard systems. $5 trillion in securities loans are processed on SunGard systems. | ||||
| Financial planning and asset allocation. On-line trading and market data services. Compliance monitoring. | Brokers, financial planners, investment advisors, and fiduciaries, mostly in North America. | BrokerWare; Frontier; PlanningStation; PowerData; PowerPartner; PowerPortal; PowerStation; Synapse; Tradeline; WealthStation; WebPlaid | 40,000 investment advisors offer financial planning services using SunGard systems. | |||||
| Treasury & Risk Management
Revenue $327 million – 2003 $268 million – 2002 |
Market and credit risk management. Asset and liability management. Derivatives trading and back-office processing. Systems integration, project management and consulting services. | Trading departments dealing in derivatives and related instruments in banks, specialized finance companies and hedge funds worldwide. | Adaptiv; BancWare; Credient; Infinity; Monis; Opus; Panorama; Reech
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400 OTC derivatives trading organizations use SunGard systems. | ||||
| Processing of energy transactions, energy trading and energy risk management.
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Utilities, power generating companies, energy traders and marketers, and distribution companies.
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Entegrate; Entegrate NG
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200 energy industry participants trade and process 3 billion megawatt hours of power and 100 Bcf of gas per day on SunGard systems.
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| Global corporate treasury functions including cash management and transaction initiation.
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Treasury departments of corporations and banks worldwide.
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AvantGard/APS 2; AvantGard/ETX; AvantGard/GTM; AvantGard/ICMS; AvantGard/Quantum; AvantGard/ResIQ
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47 Fortune 100 corporations use SunGard systems.
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| Payments exception management and reconciliation and messaging.
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Correspondent and clearing banks. Asset managers and custodians.
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intelliMATCH EP; intelliTRACS; MINT Knowledge Family; STeP; Stor/QM PLUS
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15 of the world’s 20 largest financial services companies use SunGard systems for messaging or exception management.
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| Investment Management*
Revenue $192 million – 2003 $178 million – 2002 |
Institutional investment accounting, portfolio management and performance measurement.
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Institutional asset managers, mutual funds, hedge funds, funds of funds, banks, prime brokers and third party administrators worldwide.
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Decalog; GP3; HedgePower; IMPower; INVEST ONE; InvesTier; V3; XAMIN
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Investment managers, banks, hedge funds, insurance companies, and custodians manage $10 trillion in assets on SunGard systems. | ||||
| Integrated front-to-back office support for private banking.
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International private banks mostly in Switzerland and Luxembourg.
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APSYS III
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| Benefit, Insurance & Investor Accounting*
Revenue $260 million – 2003 $278 million—2002 |
Participant accounting, recordkeeping, workflow management and document generation for 401(k) plan administration. |
Retirement plan administrators including mutual funds and banks, mostly in the U.S. | MACESS; OmniDBEN; OmniPay; OmniPlus; PowerImage; Relius Administration; Relius Documents; Relius Government Forms | 50 million retirement plan accounts are processed on SunGard systems. | ||||
| Investor accounting, recordkeeping and workflow management for equities, bonds and mutual funds.
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Corporate trustees, transfer agents, banks and mutual funds.
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BondMaster; CertMaster; CSSII; Investar*ONE; SUNSTAR; Trustware Corporate Trust | 25 million mutual fund, equity and bond holders with $10 trillion in assets are managed on SunGard systems. The top six corporate trust agents use SunGard systems for their debt recordkeeping. | |||||
| Sales support, benefit and policy administration, financial accounting, portfolio management, statutory accounting and reporting for all lines of insurance.
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Insurance companies and agents, and financial services companies.
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ABC; Amarta; CDS; EAS; EFS; EPS; FrontTier; ProCede; ProGen; SunGard AIMS; SunGard COMPASS; SunGard Financials; SunGard VIP
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2,000 insurance companies including 7 of the top 10 U.S. life insurance carriers use SunGard systems.
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| Availability Services Revenue: $1.17 billion—2003 / $1.05 billion—2002 | ||||||||
| Access to mission-critical data and systems through a combination of business continuity services, managed IT services and professional services. | Broad range of North American and European businesses and government agencies. | Business Continuity Services:
Systems Recovery; End-User Recovery; Mobile Recovery; Test Management Services; Voice Recovery Services; Network Recovery Services
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Pioneer and leading provider for 25 years of information availability services, with vendor-neutral support for over 30 current and legacy platforms keeping data available up to 99.99% of the time. | |||||
| A complete portfolio of information availability services—with the support of secure, redundant facilities, systems and networks—to maintain cost-effective, reliable and compliant IT environments. | Information-dependent entities including financial services, business services, healthcare, retail and manufacturing companies. | Managed IT Services:
System Management; Managed Security; Managed Storage; Monitoring; IT Outsourcing; Network Services; Managed Internet Access; Hosting Infrastructure
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10,000 customers in North America and Europe.
More than 60 facilities spanning 3 million square feet of hardened secure infrastructure. 25,000 mile global network. | |||||
| Professional Services:
Business Continuity Planning; Continuity Program Management; Information Security Services; IT Technical Services; Availability Engineering Services; Availability Planning Software |
100% recovery success rate on more than 1,500 actual recoveries.
5,000 business continuity plans written. 350,000 hours of business continuity consulting provided annually by 200 consultants.
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| Higher Education & Public Sector Systems Revenue: $179 million – 2003 / $133 million – 2002 | ||||||||
| Accounting, payroll, personnel, utility billing, land management, public safety and justice administration for governments. Accounting, payroll, personnel, fundraising, grant and project management, student administration and reporting for K-12 and higher education. | Local, state and federal governments and special districts, K-12 schools, universities and colleges, and nonprofit organizations such as associations, hospitals and charitable trusts. | Advance; Click2Gov; CommunityPLUS; eGovPLUS; FinancePLUS; IFAS; Naviline; SmartCall; StudentPLUS | Thousands of local government agencies and educational and nonprofit organizations use SunGard systems.
In February 2004, SunGard became a leading global provider of technology solutions for higher education when it acquired Systems & Computer Technology Corporation. | |||||
| Automated mailing and integrated statement processing services. | U.S. corporations, often used in conjunction with other SunGard solutions. | ePresent; intelliSTOR; Output Solutions | ||||||
| * | 2002 reclassified for comparative purposes. |