Today our client SWIFT (Society for Worldwide Interbank Financial Telecommunication) and SunGard announced the planned acquisition by SWIFT of the assets of SunGard’s Ambit Messaging Hub (AMH) solution for high-volume financial messaging.
The acquisition extends SWIFT’s connectivity portfolio as Ambit Messaging Hub is a modular, multi-network, high-volume financial messaging solution that can be tailored to an individual customer’s needs with associated services. The solution will be marketed by SWIFT as AMH (Advanced Messaging Hub). SWIFT is already firmly established as a recognised supplier of interfaces for low, medium and high volumes with its Alliance product suite. The Alliance portfolio will continue to be sold, enhanced, maintained and supported
The management and staff of SunGard’s Ambit Messaging Hub product line (approximately 20 employees) will transfer to a newly set-up SWIFT subsidiary as part of the deal and will be based in Mechelen (Belgium), Frankfurt (Germany) and Zurich (Switzerland). The subsidiary will be led by Hans Cobben, who has been heading the group within SunGard.