Thursday, February 15, 2007

SunGard Acquires Aceva Technologies

SunGard said today that it has acquired Aceva Technologies, a provider of receivables management software. Financial terms were not disclosed. Aceva will become part of SunGard's Calabasas-based AvantGard business unit, and marketed under the AvantGard Receivables brand. Aceva Technologies is venture backed by Accel Partners, Sequoia Capital, and Clearstone Ventures.

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