Admin Table of Contents
What is SunGard company?
SunGard provides software and information technology services. The Company offers technology services that focus on application implementation and integration, custom software development, and application management.
When was SunGard founded?
1983
SunGard/Founded
How big is SunGard?
SunGard serves approximately 16,000 customers in more than 100 countries and has more than 13,000 employees.
Who purchased SunGard?
Affiliates of private equity firm Hellman & Friedman LLC acquired the SunGard Higher Education businesses from SunGard Data Systems Inc. for an aggregate cash purchase price of US$1.775 billion and combined the acquired businesses.
Who owns SunGard?
FIS
Sungard Availability Services/Parent organizations
What industry is SunGard as in?
Sungard Availability Services
| Type | Privately held |
|---|---|
| Industry | IT infrastructure Cloud computing Disaster Recovery Workplace Recovery |
| Founded | 1978 |
| Headquarters | Wayne, Pennsylvania, USA |
| Key people | Mike Robinson, CEO |
Did FIS acquire SunGard?
In 2015, SunGard was acquired by the FIS company.
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 …
What does SunGard company 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.
Who bought SunGard?
What is a SunGard commitment letter?
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 is inside date M&A?
“Inside Date” means the date that is 45 days after the date of this Agreement.
What was the value of the SunGard acquisition?
FIS acquires SunGard, one of the world’s leading software and technology services companies. Acquisition propels FIS to a $9.3 billion company and uniquely positions it to offer a broad range of retail, enterprise and wholesale banking and payments capabilities that will further empower the financial industry worldwide.
Who is the current owner of SunGard as?
In March 2014 SunGard completed the split-off of its Availability Services business, forming the independent company Sungard AS. Andy Stern continued to lead the Sungard AS business. In 2015, SunGard was acquired by the FIS company.
What is the total debt of SunGard Corporation?
SunGard’s total debt of US$8.08 billion was alleviated by selling this business line; nonetheless, a projected annual revenue shortage of $580 million can be assumed, resulting in a total revenue projection for the fiscal 2011 of $4.7 billion, suggesting a negative revenue trend.
What did SunGard do for the public sector?
SunGard provided software and processing for financial services, K-12 and Higher Education, and the public sector. It also provided continuity-assurance and production data center hosting services, now part of SunGard AS.