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SunGard Acquires Houston Benefits Software Firm

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NU Online News Service, June 9, 2004, 4:24 p.m. EDT – SunGard Data Systems Inc., Wayne, Pa., has agreed to acquire SBPA Systems Inc., Houston.[@@]

The price of the deal and other terms were not available.

SBPA has been running computer systems and selling services to insurers, employers and independent benefits administrators since 1976.

SBPA will be part of SunGard’s SunGard Corbel Inc. benefits software and services unit, SunGard says.