Sungard Availability Services

Sungard Availability Services (Sungard AS) is a provider of IT production and recovery services with annual revenues of approximately $773 million[1] and offices in 12 countries.[2] The company uses its experience in recovery to design, build and run production environments that are resilient and available.

Sungard Availability Services
TypePrivately held
Industry
Founded1978
HeadquartersWayne, Pennsylvania, USA
Key people
Mike Robinson, CEO
ProductsIT Infrastructure, Private and Public Cloud, Disaster Recovery, Workplace Recovery, Consulting Services
OwnerAngelo, Gordon & Co., LP; The Carlyle Group Global Credit; FS Investments and GSO Capital Partners LP.
Number of employees
3,000
Websitewww.sungardas.com

With 3,000 IT and business professionals, the company manages 20 mobile facilities staged in strategic locations and 75 hardened data centers and workplace recovery facilities connected by a redundant, global dedicated network backbone.[3]

History

SunGard Data Systems (SDS) is formed in 1983 through the leveraged buy-out of a division of Sun Oil Company. In 1986, the SunGard Data Systems went public through an IPO and was listed on the NASDAQ as SNDT. In 1997 their listing shifted to the NYSE as SDS.

In 2001, SunGard acquired Comdisco’s[4] business continuity services extending the company’s reach to Europe. Additional acquisitions of Guardian IT[5] (2002) and Inflow[6] (2005), further extended the company’s reach.

In 2005, SDS was purchased in a transaction valued at $11.3 billion, by a team led by SilverLake.[7] Additional SDS acquisitions followed, including their 2007 purchase of Vericenter [8] to provide managed hosting and production availability and a 2010 acquisition of 365 Hosting Limited,[9] an Ireland-based hosted infrastructure provider of Managed Services and Cloud offerings.

On April 1, 2014, Sungard Availability Services split off from SunGard Data Systems, to become an independent company.[10]

In April 2019, Sungard AS announced it would file for Chapter 11 bankruptcy protection "as part of a consensual agreement with a majority of its creditors to reduce its nearly $1.3 billion debt by more than two-thirds."[11][12]

Services

Sungard Availability Services offers IT production and recovery services that include IT infrastructure, Cloud computing, Disaster Recovery, and Workplace Recovery. Infrastructure services include traditional colocation which was enhanced with Megaport cloud connectivity in August[13] and September 2020.[14] Cloud services include public and private cloud services that leverage technologies from Dell Technologies,[15] VMware, and Amazon Web Services.[16]

Awards

In April 2019, Sungard Availability Services received the highest score for both the Strategy and Current offering categories among the eight vendors included in The Forrester Wave: Disaster-Recovery-As-A-Service Providers, Q2 2019.[17]

In June 2020, Sungard Availability Services was listed as a Contender in The Forrester Wave: Hosted Private Cloud Services In North America, Q2 2020 and The Forrester Wave: Hosted Private Cloud Services In Europe, Q2 2020.[18][19][20]

References
  1. "!Sungard Availability Services! | Revenue and Financial Reports". Hoovers. Retrieved 2015-09-24.
  2. "Sungard AS Global Offices". Sungard AS. Retrieved 2015-09-24.
  3. "Sungard Availability Services Overview". Sungard AS. Retrieved 2015-09-24.
  4. "SunGard completes Comdisco acquisition". Philadelphia Business Journal. Retrieved 2015-09-24.
  5. "SunGard says Guardian deal a go". Philadelphia Business Journal. Retrieved 2015-09-24.
  6. "Finextra news: SunGard Availability Services acquires Inflow". Finextra Research. Retrieved 2015-09-24.
  7. "Silver Lake leads purchase of SunGard". San Francisco Business Times. Retrieved 2015-09-24.
  8. "(PRN) SunGard Acquires VeriCenter". Houston Chronicle. Retrieved 2015-09-24.
  9. "SunGard Acquires Hosting 365". Business Wire. Retrieved 2015-09-24.
  10. "SunGard splits in two". Philly.com. Retrieved 2015-09-24.
  11. https://www.channelpartnersonline.com/2019/04/02/sungard-as-files-for-chapter-11-bankruptcy-after-struggling-mightily/
  12. "Private Equity-Backed Sungard Availability Files for Bankruptcy". Bloomberg News. Retrieved 2020-05-10.
  13. August 11, Published; Blog, 2020 Filed under: (2020-08-11). "Ecosystem Update — August 11, 2020". Megaport. Retrieved 2020-10-11.CS1 maint: extra punctuation (link)
  14. September 17, Published; Blog, 2020 Filed under: (2020-09-16). "Ecosystem Update — September 16, 2020". Megaport. Retrieved 2020-10-11.CS1 maint: extra punctuation (link)
  15. September 17, Published; Blog, 2020 Filed under: (2020-09-16). "Ecosystem Update — September 16, 2020". Megaport. Retrieved 2020-10-11.CS1 maint: extra punctuation (link)
  16. Services, Sungard Availability. "Sungard Availability Services Makes Cloud Computing Easier with Managed Services for AWS". www.prnewswire.com. Retrieved 2020-10-11.
  17. Moore, Ben. "Sungard AS named DRaaS leader by Forrester". securitybrief.eu. Retrieved 2020-10-11.
  18. AS, Sungard. "A snapshot in time: The impact of the wave". www.sungardas.com. Retrieved 2020-10-11.
  19. "The Forrester Wave™: Hosted Private Cloud Services In North America, Q2 2020". www.forrester.com. Retrieved 2020-10-11.
  20. "The Forrester Wave™: Hosted Private Cloud Services In Europe, Q2 2020". www.forrester.com. Retrieved 2020-10-11.
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