Is SunGard still in business?
WAYNE, Pa., Aug. 1, 2022 /PRNewswire/ — Sungard Availability Services (Sungard AS) today announced that, subject to court approval, it has entered into an Asset Purchase Agreement with 365 Data Centers to acquire a majority of its U.S. Colocation and Network business.
What kind of company is SunGard?
SunGard Data Systems provides software and processing solutions for the financial services industry, higher education, and the public sector in over 70 countries. SunGard also offers disaster recovery, managed IT, and information availability consulting services along with business continuity management software.
What is SunGard used for?
Sungard Availability Services (Sungard AS) helps businesses transform their IT environments, ensuring they are resilient and recoverable. We leverage our experience across a broad range of IT landscapes to align the right workloads with the right infrastructures—whether hybrid cloud, legacy or something in-between.
Who took over SunGard?
In August 2005, the company was acquired by seven private equity firms for $11.3 billion and de-listed from the NYSE. SunGard was one of the title sponsors of the Tinkoff pro cycling team until the end of 2011.
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SunGard.
| Type | Private |
|---|---|
| Industry | Information Technology |
| Founded | 1983 |
| Defunct | 2015 |
| Fate | Acquired by FIS |
Is Sungard a good company?
Is Sungard Availability Services a good company to work for? Sungard Availability Services has an overall rating of 3.4 out of 5, based on over 1,202 reviews left anonymously by employees.
Why did Sungard go into administration?
The UK division of US managed IT company Sungard Availability Services has entered into administration. The company blamed the insolvency on surging UK energy prices and landlords declining to reduce rent costs, following a loss of business after Covid-19.
How many employees does Sungard have?
SunGard serves approximately 16,000 customers in more than 100 countries and has more than 13,000 employees. Visit us at www.sungardas.com.
Is SunGard a good company?
Was SunGard sold?
365 Data Centers is to acquire a majority of Sungard’s US colocation and networking business. This year saw Sungard’s UK, US, and Canadian operations file for bankruptcy. Most of the UK operation has been sold off to UK telco Daisy Group and MSP Redcentric.
When did SunGard go into administration?
While the pandemic, energy crisis, and landlord intransigence are cited as the cause of the insolvency, Sungard’s issues run deeper. The US parent company entered into Chapter 11 bankruptcy in early 2019 as debt hit $1.4 billion against assets of $496 million.
Who was the CEO of SunGard?
Russell P. Fradin (May 31, 2011–)SunGard / CEO
Who owns Sungard Availability Services?
FISSungard Availability Services / Parent organizationFIS is an American multinational corporation which offers a wide range of financial products and services. FIS is most known for its development of Financial Technology, or FinTech, and as of Q2 2020 it offers its solutions in three primary segments: Merchant Solutions, Banking Solutions, and Capital Market Solutions. Wikipedia
When did Sungard go into administration?
Who owns SunGard Availability?
Who was the CEO of Sungard?