25 April 2017
visit nextgenbanking.co.uk

SunGard splits off availability services business

01 April 2014  |  1565 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)
visit dh.comFind out moreVisit capgemini.com

Top topics

Most viewed Most shared
hands typing furiouslyDoes the Buck Stop with GameStop?
14847 views 0 | 3 tweets | 14 linkedin
BBVA runs live funds transfers over RippleBBVA runs live funds transfers over Ripple
11521 views comments | 31 tweets | 20 linkedin
Alipay and WeChat near $3 trillion payments milestoneAlipay and WeChat near $3 trillion payment...
9740 views comments | 35 tweets | 38 linkedin
hands typing furiouslyBitcoin ETF Bites the Dust, Needs More Sec...
9527 views 0 | 7 tweets | 7 linkedin
Western Union and MoneyGram unveil Facebook Messenger bots; Mastercard and Amex pile inWestern Union and MoneyGram unveil Faceboo...
9012 views comments | 17 tweets | 17 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job