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Sponsor Saxo Bank to stop

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COPENHAGEN, Denmark — Danish cycling Team Saxo Bank says it has signed a one-year sponsorship deal with American software company SunGard.

Team manager Trey Greenwood said Tuesday the deal “is a strong signal to send for us and it couldn’t come at a better time.”

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SunGard spokesman Brian Robins says the Pennsylvania-based group “see great potential to improve SunGard’s brand awareness and visibility as a global IT company.”

Financial details of the deal were not disclosed.