SunGard AvantGard is planning a capital investment of at least $4.4 million to expand and consolidate its operations at one location in the Southbank area of Downtown Jacksonville, with plans to create up to 170 new, high-wage jobs.

The firm offers liquidity and risk management technology solutions for corporations, insurance companies and the public sector fostering collaborative financial management. The move is expected to be approved by local officials.

“The SunGard project demonstrates the continued momentum in Downtown Jacksonville and the confidence that business leaders have in our economy,” said Mayor Alvin Brown. “With dynamic, successful companies leveraging new opportunities here, it’s easy to see why Forbes recently ranked Jacksonville number two nationally for tech jobs. This is great news and even more reason for us all to continue working aggressively to expand economic opportunities.”

“Today’s announcement creates a sense of pride and excitement in the business community,” said JAX Chamber interim president and CEO and JAXUSA Partnership president Jerry Mallot. “This project involves the creation of new jobs, investment in our city and region and is contributing to Downtown revitalization. We will continue our focus on downtown and the acceleration of job growth and economic development for the benefit of the community.”