What happened to SunGard?
In 2015, SunGard was acquired by the FIS company. In February 2017, Vista Equity Partners acquired SunGard’s Public Sector and Education businesses from FIS, and renamed and rebranded SunGard Public Sector as Superion by April 2017, while adding SunGard Education to its own PowerSchool holdings.
What does SunGard as do?
Sungard Availability Services (Sungard AS) is a provider of IT production and recovery services with annual revenues of approximately $773 million and offices in 12 countries. The company uses its experience in recovery to design, build and run production environments that are resilient and available.
What company owns SunGard?
GL Trade
SunGard/Parent organizations
When was SunGard founded?
1983
SunGard/Founded
What are SunGard provisions?
“SunGard” or “certain funds” provisions are common in commitment letters for large and middle-market U.S. acquisition financings and limit the representations and warranties made by the borrower to certain “specified representations” that must be accurate and, in secured financings, the delivery of certain types of …
How much did FIS pay for SunGard?
Fidelity National Information Services, in short known as FIS, has completed its $5.1 billion acquisition of SunGard. The deal creates one of the globe’s largest service providers, with more than 55,000 employees and revenues in excess of $9.3 billion.
How many data centers does Sungard have?
Our Facilities. Sungard Availability Services offers resilient, hardened colocation data centers, and disaster recovery centers in 45 locations worldwide.
Where is the Sungard Data Center?
The 1 million sq ft Sungard AS data center in Philadelphia, PA offers colocation, Managed IT, and workplace recovery services.
Is SunGard FIS now?
FIS acquires SunGard, one of the world’s leading software and technology services companies.
What is a SunGard commitment?
A SunGard clause reduces the number of conditions precedent to funding the loan, thereby providing more certainty to the seller that the financing will be available and the acquisition will close. They are especially common in a competitive market.
What are specified representations?
Specified Representations means the representations and warranties set forth in the Loan Documents relating to corporate existence of the Loan Parties and good standing of the Loan Parties in their respective jurisdictions of organization; power and authority, due authorization, execution and delivery and …
Was Fidelity bought out?
(Reuters) – CF Corp CFCO. O, a blank check company founded by veteran dealmaker Chinh Chu, said it would buy U.S. annuities and life insurer Fidelity & Guaranty Life FGL. N in an all-cash deal valued at about $1.84 billion.
What is SunGard software used for?
SunGard. SunGard Financial Systems provides mission-critical software and IT services to institutions in virtually every segment of the financial services industry. The primary purpose of these systems is to automate the many detailed processes associated with trading, managing investment portfolios, and accounting for investment assets.
Why choose SunGard as for disaster recovery?
It’s time for you to leverage Sungard AS’ 40 years of IT recovery experience, backed by proven methodologies with a range of recovery capabilities from self-service infrastructure-level recovery to fully managed application recovery. We help you Develop, Implement and Enhance your Disaster Recovery (DR) program.
What is SunGard as’s cloud migration to AWS?
Cabot is now teaming with Sungard AS to complete a phased migration to the AWS cloud, fully managed by Sungard AS, to support its primary and recovery environments. Sungard AS built a complete managed service and backed it with 24/7 management and monitoring.
Why choose accesssungard Availability Services?
Sungard Availability Services offers resilient, hardened data and recovery centers in 45 locations worldwide.
