HVB extends relationship with Front
Germany's HypoVereinsbank (HVB) has formed a new partnership with Front Capital Systems, the Swedish trading systems operating unit of SunGard. It will result in close collaboration between the two companies in IT development.
Reinhard Eschbach, chief information officer at HVB, said: “Under the agreement we succeed in securing long-term efficiency and cost benefits, while also retaining a direct influence on the product development.”
Lindström declined to provide details of the value or length of the agreement, saying only that it was for millions of dollars, and for several years.
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