Sungard Enters STP Race With Decalog And Mint Acquisition
STP SPOTLIGHT
WAYNE, Pa.-- Sungard Data Systems, in a move that is designed to link its buy-side and sell-side product strategies, announced it would buy Oshap Technologies of Herzilaya, Israel, the parent company for both software publisher Decalog and middleware provider Mint Technologies.
Valued at $210 million in stock, the deal is expected to close in the third quarter following regulatory approval in the US and Israel. Oshap's holdings include a 98 percent interest of Mint and a 77 percent stake in
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