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. With 1,500 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.

History

SunGard Data Systems (SDS) is formed in 1983 through the

leveraged buyout A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money (leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loan ...

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 business continuity services extending the company’s reach to Europe. Additional acquisitions of Guardian IT (2002) and Inflow (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. Additional SDS acquisitions followed, including their 2007 purchase of Vericenter to provide managed hosting and production availability and a 2010 acquisition of 365 Hosting Limited, 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. In April 2019, Sungard AS announced it would file for

Chapter 11 bankruptcy protection Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, wheth ...

"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." On May 3, 2019, Sungard AS successfully completed its financial restructuring and emerged from its "prepackaged" Chapter 11. On April 11, 2022, Sungard AS again filed for voluntary Chapter 11 reorganization, citing as reasons rising energy costs and the COVID-19 pandemic having caused organizations to shift to remote work.

Services

Sungard Availability Services offers IT production and recovery services that include

IT infrastructure Information technology infrastructure is defined broadly as a set of information technology (IT) components that are the foundation of an IT service; typically physical components (computer and networking hardware and facilities), but also variou ...

Cloud computing Cloud computing is the on-demand availability of computer system resources, especially data storage ( cloud storage) and computing power, without direct active management by the user. Large clouds often have functions distributed over mul ...

Disaster Recovery Disaster recovery is the process of maintaining or reestablishing vital infrastructure and systems following a natural or human-induced disaster, such as a storm or battle.It employs policies, tools, and procedures. Disaster recovery focuses on t ...

, and Workplace Recovery. Infrastructure services include traditional colocation which was enhanced with Megaport cloud connectivity in August and September 2020. Cloud services include public and private cloud services that leverage technologies from

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VMware VMware, Inc. is an American cloud computing and virtualization technology company with headquarters in Palo Alto, California. VMware was the first commercially successful company to virtualize the x86 architecture. VMware's desktop software ru ...

, and

Amazon Web Services Amazon Web Services, Inc. (AWS) is a subsidiary of Amazon.com, Amazon that provides Software as a service, on-demand cloud computing computing platform, platforms and Application programming interface, APIs to individuals, companies, and gover ...

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. 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.

References

{{reflist Companies based in Delaware County, Pennsylvania Privately held companies based in Pennsylvania Information technology companies of the United States American companies established in 1978 1978 establishments in Pennsylvania Technology companies established in 1978 Companies that filed for Chapter 11 bankruptcy in 2019 Kohlberg Kravis Roberts companies Corporate spin-offs Companies that filed for Chapter 11 bankruptcy in 2022