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SunGard Data Systems Inc.

Type	Private
Founded	1983
Headquarters	Wayne, Pennsylvania, USA
Key people	Cristóbal I. Conde (CEO)
Industry	Information Technology
Products	Computer software Support services
Revenue	▲ $ 5.596 Billion (2008)
Employees	20,000 (2008)
Website	Sungard.com

SunGard is a 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, during a period of low crude oil prices. The company has more than 25,000 customers in more than fifty 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 ranked at 435 in Fortune 500 - 2009 list ^[1].

Contents 1 Business 2 Acquisitions 3 Buyout 4 References 5 External links

[edit] Business

SunGard provides software and processing for financial services, higher education and the public sector. It also provides continuity-assurance and production datacenter hosting services to enterprises of all types. SunGard is composed of four businesses - Availability Services, Financial Systems, Higher Education and Public Sector - that provide IT services and infrastructure, and software and processing.

[edit] Acquisitions

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, MINT, TRAX, CARNOT AG, Front Arena, Martini, Monis, APT, Reech, VPM, Phase 3 Systems, Infinity, and Opus on the (primarily financial) software and processing side. SunGard has completed more than 150 acquisitions over the past 20 years.

[edit] Buyout

Formerly listed on the NYSE (ticker symbol SDS) on August 11, 2005 the company was acquired by a consortium of seven private equity investment firms in a transaction valued at $11.3 billion. The partners in the acquisition were Silver Lake Partners, Bain Capital, Blackstone Group, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts & Co., Providence Equity Partners, and Texas Pacific Group.^[2].

[edit] References

[edit] External links

• Company website

v • d • e Philadelphia-area Corporations (Including the Delaware Valley) Philadelphia-based Fortune 1000 Corporations (by rank) Sunoco (60) • Comcast (84) • Cigna (139) • Aramark (214) • Crown Holdings (328) • FMC Corp. (781) • Pep Boys (794) Delaware Valley-based Fortune 1000 Corporations (by rank) Companies listed above, plus: AmerisourceBergen (29) • DuPont (74) • Lincoln National Corporation (277) • Campbell Soup (311) • Toll Brothers (375) • Unisys (400) • UGI Corp. (435) • Jones Apparel Group (470) • SunGard (472) • Ikon Office Solutions (507) • Universal Health Services (511) • Burlington Coat Factory (579) • VWR International (609) • Charming Shoppes (642) • Airgas (671) • Teleflex (708) • Vishay Intertechnology (724) • Penn National Gaming (797) • Ametek (915) • Genesis HealthCare (927) • Cephalon (930) Other notable Philadelphia-based businesses Amoroso's • AppLabs • Beneficial Bank • Colonial Penn • Philadelphia Media Holdings • Radian Group • Tasty Baking • Urban Outfitters Notable Philadelphia-based professional partnerships Ballard Spahr • Blank Rome • Cozen O'Connor • Dechert • Drinker Biddle & Reath • Duane Morris • Morgan, Lewis & Bockius • Pepper Hamilton • Saul Ewing Other notable Delaware Valley-based businesses Aqua America • Bentley Systems • Brandywine Realty Trust • Boscov's • Carpenter Technology Corp. • GSI Commerce • Forman Mills • Liberty Property Trust • Rita's Water Ice • Vanguard • Wawa • Wilmington Trust • WSFS Bank Notable Delaware Valley-based US headquarters of foreign businesses ACE • AgustaWestland • AstraZeneca • GlaxoSmithKline • HSBC Bank USA • ING Direct • SAP America • Siemens Medical • Shire Pharmaceuticals • Sovereign Bancorp • Subaru • Teva Pharmacueticals • TD Bank Notable Delaware Valley-based division headquarters of US corporations Acme (SuperValu) • AlliedBarton & Pinnacle Foods (Blackstone) • Keystone Helicopter (United Tech.) • Centocor (J&J) • Delmarva Power (Pepco Holdings) • Hercules (Ashland) • MAB Paints (Sherwin-Williams) • MBNA (Bank of America) • McNeil Laboratories (J&J) • Neoware (Hewlett-Packard) • PECO (Exelon) • QVC (Liberty Media) • Rohm and Haas (Dow Chemical)