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Canadian Insurer Announces Major Software Deal

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NU Online News Service, Feb. 10, 2005, 2:20 p.m. EST

Desjardins Financial Security, L?vis, Quebec, has agreed to use the Sungard Compass system to administer group retirement savings contracts.[@@]

SunGard Insurance Systems, Miami, the company that developed the system, is a unit of SunGard Data Systems Inc., Wayne, Pa.

Desjardins is a unit of the F?d?ration des caisses Desjardins du Qu?bec, L?vis, Quebec, a large Canadian financial services cooperative. Desjardins Financial hopes to set up the new Compass system by the end of the year.


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