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Sungard sheds Ambit core banking software business

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Singapore Exchange Mainboard listed Silverlake Axis is buying SunGard Ambit (Singapore) Pte. Ltd. for US$12 million to expand its suite of software and services as well as deepen and broaden its customer relationships and geographical presence.  Under the terms of the agreement, Silverlake Axis will acquire 100 percent of the…

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