It is of more than academic interest to reflect on FIS/SunGard’s history in securities finance technology, and how they established the model for what we see happening today with their competitors. It is, in fact, an almost perfect roadmap for nearly every play we’ve seen in recent months… from start-up success reaching its growth plateau (many); to private equity investment cashing out the original team (Calypso); to big-player portfolio building (Broadridge).
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