Sungard Availability Services

Sungard Availability Services
Privately held
Industry Information Technology
Founded 1978
Headquarters Wayne, Pennsylvania, USA
Key people
 Andrew A. Stern, CEO
Products Disaster Recovery, Enterprise Cloud Services, Managed Services, Consulting Services, Business Continuity Software
Number of employees
 3,000
Website www.sungardas.com

Corporate Overview

With annual revenues of approximately $1.4 billion[1] and offices in 9 countries,[2] Sungard Availability Services is a provider of IT production and recovery services. The company uses its experience in recovery to design, build and run production environments that are more resilient and available.

With 3,000 IT and business professionals, the company manages 20 mobile facilities staged in strategic locations and 90 hardened IT facilities connected by a redundant, global dedicated network backbone.[3] Sungard Availability Services split off from SunGard Data Systems Inc.[4] on April 1, 2014,[5] to become an independent company.

History

SunGard Data Systems (SDS) is formed in 1983 through the leveraged buy-out of a division of Sun Oil Company. In 1986, the SunGard Data Systems went public through an IPO and was listed on the NASDAQ as SNDT. In 1997 their listing shifted to the NYSE as SDS.

In 2001, SunGard acquired Comdisco’s[6] business continuity services extending the company’s reach to Europe. Additional acquisitions of Guardian IT[7] (2002) and Inflow[8] (2005), further extended the company’s reach.

In 2005, SDS is purchased in transaction valued at $11.3 billion, by a team led by SilverLake.[9] Additional SDS acquisitions followed, including their 2007 purchase of Vericenter [10] to provide managed hosting and production availability and a 2010 acquisition of 365 Hosting Limited,[11] an Ireland-based hosted infrastructure provider of Managed Services and Cloud offerings.

In 2014, Sungard Availability Services became an independent operating firm after its split from SDS.[12]

References

  1. ↑ "!Sungard Availability Services! | Revenue and Financial Reports". Retrieved 2015-09-24.
  2. ↑ "Sungard AS Global Offices". www.sungardas.com. Retrieved 2015-09-24.
  3. ↑ "Sungard Availability Services Overview". www.sungardas.com. Retrieved 2015-09-24.
  4. ↑ "SunGard".
  5. ↑ "SunGard splits in two". Retrieved 2015-09-24.
  6. ↑ "SunGard completes Comdisco acquisition - Philadelphia Business Journal". Philadelphia Business Journal. Retrieved 2015-09-24.
  7. ↑ "SunGard says Guardian deal a go - Philadelphia Business Journal". Philadelphia Business Journal. Retrieved 2015-09-24.
  8. ↑ "Finextra news: SunGard Availability Services acquires Inflow". Finextra Research. Retrieved 2015-09-24.
  9. ↑ "Silver Lake leads purchase of SunGard - San Francisco Business Times". San Francisco Business Times. Retrieved 2015-09-24.
  10. ↑ "(PRN) SunGard Acquires VeriCenter". Retrieved 2015-09-24.
  11. ↑ "SunGard Acquires Hosting 365 | Business Wire". www.businesswire.com. Retrieved 2015-09-24.
  12. ↑ "SunGard splits in two". Retrieved 2015-09-24.
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