SunGard Data Systems Net Worth is4.50 $Billion
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Company Name: SunGard Data Systems Inc.
Company Logo: Image:SunGard logo.jpg
Company Type: Private Company
Foundation: 1983
Location: Wayne, Pennsylvania, USA
Owner: Silver Lake Partners,, and Providence Equity Partners
Key People: Russ Fradin , (CEO)
Industry: Information Technology
Products: Computer software , Support services
Revenue: {{Loss}} United States dollar 4.991 Billion (2011)
Num Employees: 17000 (2011)
Homepage: []
SunGard is an American multinational company based in Wayne, Pennsylvania, which provides software and services to education, financial services, and public sector organizations. It was formed in 1983, as a spin-off of the computer services division of Sun Oil Company. The company has more than 25,000 customers in more than 70 countries. The name of the company originally was an initialism which stood for Sun Guaranteed Access to Recovered Data, a reference to the disaster recovery business it helped pioneer. SunGard is ranked at 480th in the U.S. Fortune 500 list in the year 2012. SunGard was one of the title sponsors of the Team Saxo Bank-Tinkoff Bank pro cycling team until the end of 2011.
SunGard provides software and processing for financial services, K-12 education, and the public sector. It also provides continuity-assurance and production data center hosting services to enterprises of all types. SunGard has offices in many parts of the world outside of the United States including Paris, Tunis, Stockholm, and the United Kingdom.[citation needed]
SunGard has historically grown by acquisition. Past mergers include Performance Pathways, Vericenter, InFlow, Strohl Systems, Comdisco Continuity Services, and Guardian iT PLC on the availability side, Systems & Computer Technology Corp. (SCT) on the higher education side, and GL Trade, Oshap (Mint, Decalog), TRAX, Carnot AG, Front Capital Systems (Front Arena), Martini, Monis, APT, Dyatron, Reech, VPM, Phase 3 Systems, Infinity, Microhedge, Reconciliation, Automated Securities Clearance India, Opus Renaissance Software Inc., and National Computer Systems Financial Systems Division on the (primarily financial) software and processing side. SunGard has completed more than 150 acquisitions over the past 20 years.
The five large and most prominent acquisitions were:
In August 2011 Datatel and SunGard's Higher Education group announced the definitive agreement to combine businesses and operate as one company.

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SunGard Data Systems Latest News

Sungard plans bankruptcy reboot; hedge funds to replace buyout firms

when the company was separated from other businesses of the former SunGard Data Systems and turned into an independent firm. The reorganization plan, if approved by creditors, would reduce that debt ...
Posted: April 1, 2019, 9:17 pm

Sungard bankruptcy: Private equity ‘vultures’ surrender Philly-area tech firm to hedge fund 'bottom dwellers’

and spun off as an independent company in 1983 as SunGard Data Systems, the company was soon worth more than its oil-company namesake, using profits from its data-reliability services to buy financial ...
Posted: May 2, 2019, 2:19 pm

Sungard AS Exits Chapter 11 Bankruptcy in Record Time

Sungard Availability Services (Sungard AS) exited Chapter 11 bankruptcy less than 24 hours after filing with new ownership and Broadview Networks’ former president and CEO at the helm. The company ...
Posted: May 3, 2019, 5:19 pm
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