SunGard Investment Management Closes Acquisition of Organizer Systems - 11/13/02

Chicago, IL - November 13, 2002 - SunGard Investment Management Systems, an operating group of SunGard NYSE:SDS), announced today that it has closed the acquisition of the business of Organizer Systems, Inc. in order to integrate Organizer Systems' hedge fund and fund-of-funds system solutions into SunGard's suite of products that service the alternative investments industry. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard's financial results.

Organizer Systems has been servicing the alternative investments industry for over 19 years. In September 2001, Organizer released a new system called InvesTier (tm) to address the partnership accounting, fee calculation, and equalisation
accounting needs of domestic and offshore hedge funds and fund-of-funds.

Hedge funds are a growing segment in the financial services market. SunGard offers more than 25 products that span trading, risk management, securities lending, accounting, and performance measurement in order to support the straight-through processing needs of hedge fund managers, third party administrators and prime brokers. InvesTier (tm) will be integrated with SunGard's INVEST ONE portfolio accounting product to provide a comprehensive solution for the accounting needs of this market, available either on an ASP basis or installed at the client site.

Organizer will operate as an operating unit of SunGard Investment Management Systems to be led by Carol R. Kaufman, founder and president of Organizer Systems. Ms. Kaufman said of the acquisition, "We have developed a leading solution for the fast-growing alternative investment industry. Although our recent success has helped us to add a significant number of clients in the past year, we believe that joining the SunGard family
will leverage our joint strengths tremendously. Integrating InvesTier (tm) with INVEST ONE, one of the leading portfolio accounting systems in the world, will provide the industry with
a very comprehensive accounting and client reporting solution."

Jack McArdle, chief executive officer of SunGard Investment Management Systems, said, "The hedge fund market is of strategic importance to us. As part of our strategy to integrate best-of-breed applications to create complete solutions, Organizer will provide robust functionality for the needs of our existing client base, as well as help us to expand the breadth of our offerings for alternative investments in general."

About Organizer Systems, Inc.
Founded in 1982, Organizer Systems specializes in systems and services to support investor accounting for alternative investments including hedge funds, fund-of-funds and other types of complex investments. For more information, visit

About SunGard Investment Management Systems
SunGard Investment Management Systems provides in-house and ASP solutions to the buy-side investment management market for trading, portfolio management, compliance, investment accounting, and performance measurement applications. These products support comprehensive straight-through processing from trade initiation, to execution using client-selected brokers, through accounting and client reporting. SunGard solutions support
the complex needs of many of the largest financial service firms in the world, representing in aggregate over $8 trillion in assets processed daily by these solutions. Additional information
is available at

About SunGard
SunGard is a global leader in integrated IT solutions for financial services. SunGard is also the pioneer and leading provider of information availability services. SunGard serves more than 20,000 clients in over 50 countries, including 47 of the world's 50 largest financial services institutions. SunGard (NYSE:SDS) is a member of the S&P 500 and has annual revenues of $2 billion.
Visit SunGard at