22 September 2017
Find out more

SunGard splits off availability services business

01 April 2014  |  1605 views  |  0 Source: SunGard

SunGard Data Systems Inc. ("SunGard"), one of the world's leading software and technology services companies, announced today that it has completed the tax-free split-off of its Availability Services business.

As a result, Sungard Availability Services, a leading provider of information availability through managed IT, cloud and recovery services, is now a separate, independent company with approximately $1.4 billion in annual revenue and its own Board of Directors.

Russ Fradin, SunGard's president and CEO said: "I would like to thank and congratulate everyone who helped us reach this major milestone. With the successful split-off of Availability Services, we are entering a new era in SunGard's history. Going forward, SunGard will be more focused than ever on providing leading software and processing solutions that meet the growing and evolving needs of financial industry clients around the world, as well as corporate treasury, energy, public sector and K-12 education clients." 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.vasco.comvisit www.capgemini.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
12891 views comments | 27 tweets | 42 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
8642 views comments | 13 tweets | 27 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8377 views comments | 19 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
7805 views comments | 16 tweets | 1 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
7672 views comments | 31 tweets | 45 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job