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Date Posted: 3/2/2005

SunGard pays up to $210 million for UK's Vivista

LONDON, Feb 28 (Reuters) - SunGard Data Systems Inc (SDS.N: Quote, Profile, Research) , a U.S. financial services technology group, has bought UK-based IT consultancy Vivista Holdings Ltd from private equity firm Kleinwort Capital for up to 110 million pounds ($210 million).

Vivista is a provider of information and communications technology and business support services to the public sector and has contracts to provide software to the English and Welsh police forces, Kleinwort Capital said.

It was subject of a 20.5 million pounds management buyout backed by Kleinwort in May 2003, since when its annualised revenue has grown over 60 percent to nearly 90 million pounds.
Wayne, Pennsylvania-based SunGard earlier this month posted flat fourth-quarter net income of $112 million, or 38 cents a share.

Shareholders of Vivista were advised by the TMT corporate finance team at accountants Deloitte and Macfarlanes solicitors. Kleinwort Capital, which has about 300 million pounds under management, was originally part of investment bank Dresdner Kleinwort Benson -- now Dresdner Kleinwort Wasserstein -- but has been independent of that firm since 2001.

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