SunGard
From Wikipedia, the free encyclopedia
| SunGard | |
| Type | Private |
|---|---|
| Founded | 1983 |
| Headquarters | Wayne, Pennsylvania, USA |
| Key people | Cristóbal I. Conde (President/CEO) |
| Industry | Business continuity planning |
| Products | Business continuity planning, Financial services |
| Revenue | $4.002 Billion USD (2005) |
| Net income |  $117.0 Million USD (2005) |
| Website | www.sungard.com |
SunGard is a Fortune 500 company providing higher education, financial services and information availability services to businesses. It was formed in 1983, as a spin-off of the computer services division of Sun Oil Company, during a period of low crude oil prices. It is headquartered at Wayne, Pennsylvania and its customer base is primarily in the financial services industry but there is also a significant higher education and public sector arm.
Its name stands for “Sun Guaranteed Access to Recovered Data”, a reference to the disaster recovery business it helped pioneer.
The company's systems execute stock market trades, perform risk management, and keep records for banks, investment managers, mutual funds, brokerage firms, and investment advisers. Its products also include wealth management systems, treasury management systems, and accounting systems for benefits and insurance.
SunGard has historically grown by acquisition. Past mergers include Guardian IT Services on the availability side, and Front Arena, Martini, Monis, Reech, Phase 3 Systems, Infinity, and Opus on the software and processing side.
As of March 2005, SunGard systems manage:
- $15 trillion in investments worldwide;
- over five million daily trades by financial intermediaries; and
- approximately 70% of NASDAQ trade orders.
Formerly listed on the NYSE (ticker symbol SDS), on March 29, 2005 the company was acquired by a consortium of seven leading private equity investment firms in a transaction valued at $11.3 billion, the largest such transaction to that date. The partners in the acquisition are Silver Lake Partners, Bain Capital, Blackstone Group, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts & Co., Providence Equity Partners, and Texas Pacific Group. There had been plans to separate the availability and processing businesses, but the new owners have not carried this forward.
[edit] External links
- Company website
- SunGard Data Systems to be Acquired by Private Equity Group, from the company's website
- Some SunGard case studies http://www.sungard.com/experience/
- Software products & services by SunGard are available here: [1] & here (shorter list) [2]
- Disaster Recovery Availability & Business Continuity solutions
- MiFID The Markets in Financial Instruments Directive (MiFID) and SunGard
| Philadelphia-based Corporations (Within the Delaware Valley) |
|---|
| Philadelphia-based Fortune 500 Corporations (by size): Sunoco | Comcast | CIGNA | Aramark | Rohm and Haas Company | Crown Holdings Incorporated | Lincoln National Corporation |
| Philadelphia-based Fortune 1000 Corporations (by size): Companies listed above, plus Sovereign Bancorp | Pep Boys | FMC Corporation |
| Delaware Valley-based Fortune 1000 Corporations (by size): Companies listed above, plus AmerisourceBergen | DuPont Company | Campbell Soup | Toll Brothers | Unisys | Jones Apparel Group | UGI Corporation | Ikon Office Solutions | Universal Health Services | SunGard Data Systems | Teleflex | Airgas | Vishay Intertechnology | Charming Shoppes | Commerce Bancorp | Hercules Inc. | Genesis HealthCare | Ametek |
| Philadelphia-based and Delaware Valley-based non-public or externally owned corporations (by size): GlaxoSmithKline (US Operations) | Burlington Coat Factory | Forman Mills |
