SunGard Data Systems history, company profile (overview) and corporate video
SunGard Data Systems was a multinational software company headquartered in Wayne, Pennsylvania, United States.
The company provided software and IT solutions to the education sector, financial services industry, and public sector organizations in over 70 countries. It also offered disaster recovery, cloud, managed IT, data center, and consulting services along with business continuity management software.”
SunGard also provided continuity assurance and production data center hosting services, which are now part of SunGard AS.
SunGard was formed in 1983 as a spin-off of the computer services division of Sun Oil Company. The name of the company was an acronym for Sun Guaranteed Access to Recovered Data, a reference to the disaster recovery business it helped pioneer.
In 1997, SunGard Data Systems acquired Infinity Financial Technology, a designer of trading and risk-management software.
In 1999, SunGard acquired Israel’s Oshap Technologies, expanding its capabilities in the middleware and front-office portfolio management systems markets.
In 2001, the company acquired Comdisco Inc.’s computer disaster-recovery business.
In 2004, Systems & Computer Technology Corp. (SCT) was acquired.
In 2005, SunGard was acquired by a consortium of seven private equity investment firms: Silver Lake Partners, Bain Capital, Blackstone Group, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts, Providence Equity Partners, and TPG Capital.
In 2008, the Paris-based financial services firm, GL Trade, was acquired.
In 2008, the company acquired the IT company Strohl Systems.
In 2010, Sungard acquired 365 Hosting Limited cloud computing and data centre services company.
In 2010, The Capita Group plc also acquired SunGard Public Sector Holdings Ltd. The new business was known as Capita Secure Information Systems (later renamed Capita Secure Managed Services).
In 2011, Datatel and SunGard’s Higher Education group agreed to combine businesses and operate as one company. Affiliates of private equity firm Hellman & Friedman LLC acquired the SunGard Higher Education businesses, and combined them into a company that was to operate under a new name, Ellucian.
In 2014, Sungard Availability Services (Sungard AS) split off from SunGard Data Systems, and became an independent company.
In 2015, SunGard was acquired by Fidelity National Information Services, Inc. (FIS).
In 2017, Vista Equity Partners acquired SunGard’s Public Sector and Education businesses from FIS, and rebranded SunGard Public Sector as Superion, while adding SunGard Education to its own PowerSchool holdings.
*Information from Forbes.com, WIkipedia.org, and www.sungardas.com.
**Video published on YouTube by “SunGard Fs“