SunGard Data Systems Inc has agreed to acquire Israeli company Oshap Technologies Ltd in a share exchange transaction worth around $210m. Oshap is an Israeli-based group of technology firms which owns a 98% holding in financial systems middleware company Mint Technologies Ltd and a 77% stake in Decalog NV, a provider of portfolio management and decision support applications for asset managers. In conjunction with the acquisition of Oshap, SunGard says it will offer to acquire the minority interests of both Mint and Decalog.

Mint, working in the increasingly hot area of enterprise application integration, has products which include a message broker, rule manager and knowledge manager for integrating disparate financial applications and networks. It has set up alliances with BEA Systems Inc, IBM Corp, Hewlett-Packard Co, Compaq Computer Corp, Microsoft Corp and Japan’s Nippon Steel. Decalog has its US base in Boston, and is best known for its IDEE asset management application suite.

Oshap also has an 18% share in Tecnomatix Technologies Inc, the only member of its group of company to file for a public offering. It is listed on the Nasdaq exchange. Tecnomatix develops computer-aided production engineering tools.

SunGard, which has made over 60 acquisitions since it was formed in 1993 from the merger of four Sun Company units, says the Mint acquisition will boost its position as a technology provider to the financial services industry.