please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . may 2008 learn how and when to remove this template message sungard data systems type private industry information technology founded 1983 ; 33 years ago 1983 headquarters wayne pennsylvania u.s. key people russ fradin ceo products computer software support services revenue 4.991 billion 2011 owner fis global number of employees 13 000 2014 website sungard.com sungard is an american multinational company based in wayne pennsylvania which provides software and services to education financial services and public sector organizations . it was formed in 1983 as a spin off of the computer services division of sun oil company . the name of the company originally was an acronym which stood for sun guaranteed access to recovered data a reference to the disaster recovery business it helped pioneer . sungard is ranked at 480th in the u.s. fortune 500 list in the year 2012 . 1 in august 2005 the company was acquired by seven private equity firms and de listed from the nyse . 2 sungard was one of the title sponsors of the tinkoff pro cycling team until the end of 2011 . 3 in august 2015 fis announced that it had signed a definitive agreement to acquire sungard . 4 contents 1 business 2 acquisitions 3 de merger activities 4 leveraged buyout 2005 5 references 6 external links business edit sungard provides 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 . 5 sungard has offices in many parts of the world outside of the united states including paris south africa tunis stockholm and the united kingdom . citation needed acquisitions edit sungard has historically grown by acquisition . past mergers include performance pathways vericenter inflow strohl systems comdisco continuity services and guardian it plc on the availability side systems & computer technology corp. sct on the higher education side and kiodex . inc. 6 gl trade oshap mint decalog trax carnot ag front capital systems front arena martini monis apt dyatron reech vpm phase 3 systems infinity microhedge reconciliation automated securities clearance india opus renaissance software inc. and national computer systems financial systems division on the primarily financial software and processing side . sungard has completed more than 150 acquisitions over the past 20 years . among the largest acquisitions were in 1997 sungard data systems acquired infinity financial technology a designer of trading and risk management software for about us 390 million where 313 million were paid in stock and 77 million went in cash . 7 infinity financial technology reported revenues of about 60 million in the fiscal year 1996 . in 1999 sungard acquired israel s oshap technologies nasdaq oshsf for 210m in stock giving sungard a foothold in both the middleware via oshap s subsidiary mint communications and front office portfolio management systems markets via oshap s subsidiary decalog . 8 in 2001 sungard acquired comdisco inc. s computer disaster recovery business after a u.s. appeals court rebuffed a request by the justice department to halt the 825 million transaction . 9 in 2004 sungard acquired systems & computer technology corp. sct for 590 million in cash . 10 in 2008 sungard acquired gl trade a paris based financial services firm for nearly us 1 billion ; in a first tranche a 65 % stake in gl trade was acquired for 625 million including effect of outstanding stock options . 11 the deal encompasses the nyse euronext s 40 % stake in gl trade however 25 4 % were in the hand of the founders and 36 6 % of the shares were free float . the deal was considered to be financially hazardous given the mere fact that gl trade reported revenues of 203 million and an ebitda of 26 million fiscal year 2007 . in 2008 sungard acquired strohl systems an it company direct competitor of sungard in availability and recovery planning . strohl systems became software division of sungard availability services located in king of prussia pa in 2016 sungard was acquiured by fis company de merger activities edit in march 2014 sungard completed the split off of its availability services business forming the independent company sungard as . 12 andy stern continues to lead the sungard as business . 5 in august 2011 datatel and sungard s higher education group announced the definitive agreement to combine businesses and operate as one company . datatel s current chief executive officer john speer will be the chief executive officer of the combined business . ron lang the ceo of sungard higher education will continue to play an active role in the combined business as vice chairman of the board of directors . affiliates of private equity firm hellman & friedman llc will acquire the sungard higher education businesses from sungard data systems inc. for an aggregate cash purchase price of us 1.775 billion and combine the acquired businesses . the combined company will operate under a new name ellucian as announced at the 2012 annual users conference . on 7 december hellman & friedman datatel and sungard announced that the proposed combination of datatel and sungard higher education had cleared department of justice review and the companies are preparing to close the transaction in the first quarter of 2012 . 13 in march 2012 the combination was announced with the new company being called ellucian . 14 sungard s total debt of us 8.08 billion will be alleviated by selling the higher education business line however 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 . 15 in december 2010 the capita group plc acquired sungard public sector holdings ltd part of the business servicing the uk public sector for 86 million . 16 the new business was known as capita secure information systems ; it has now been renamed capita secure managed services . 17 leveraged buyout 2005 edit formerly listed on the nyse ticker symbol sds on august 11 2005 the company was acquired by a consortium of seven private equity investment firms in a transaction valued at 11.3 billion . the partners in the acquisition were silver lake partners bain capital blackstone group goldman sachs capital partners kohlberg kravis roberts providence equity partners and tpg capital . 18 references edit fortune 500 2012 fortune 1000 companies 401 500 . cnn . greg roumeliotis and soyoung kim jun 18 2013 . exclusive sungard explores 2 billion data unit sale sources . www.reuters.com . retrieved 25 jan 2015 . nyheder fra . borsen.dk . retrieved 2012 03 29 . fis to acquire sungard deepens enterprise banking and capital markets solutions . fis global . retrieved 2015 08 12 . a b http www.sungardas.com company executiveteam pages andrewastern.aspx http www.bobsguide.com guide news 2004 sep 7 sungard trading and risk systems acquires kiodex for asp based commodity risk management and data services.html sungard data to acquire infinity financial . the new york times . 1997 10 18 . retrieved 2008 02 04 . sungard buys israel s oshap . financial news . 15 mar 1999 . schoenberg tom 2011 08 31 . at & t suit follows antitrust tactics with oracle h & r block . bloomberg . sungard completes sct acquisition . bizjournals.com . 2004 02 12 . retrieved 2012 01 23 . sungard completes acquisition of majority interest in gl trade . www.sungard.com . 2008 10 01 . retrieved 2011 09 01 . http www.sungard.com about us news corporate04012014 datatel and sungard higher education combination clears regulatory review . www.sungard.com . 2011 12 07 . retrieved 2011 12 11 . ellucian new company name announced for datatel and sungard higher education combination . business wire . march 26 2012 . retrieved 20 april 2012 . sungard announces second quarter 2011 results . www.sungard.com . 2011 07 28 . retrieved 2011 09 01 . capita acquires sungard public sector ltd . www.capita.co.uk . 2010 12 23 . retrieved 2012 02 14 . capita secure information solutions website sungard bought by group for 11.3 billion . www.nytimes.com . 2005 03 29 . retrieved 2012 01 03 . external links edit official website sungard k 12 education sungard financial systems sungard availability services sungard public sector v t e kohlberg kravis roberts founders jerome kohlberg jr. henry kravis george r. roberts selected current investments academy sports outdoors alliance boots aricent group avago biomet bharti enterprises capsugel cicc caf coffee day colonial pipeline del monte foods dollar general eastman kodak el paso corp. energy future holdings first data harman international industries hospital corporation of america kion group laureate education legg mason legrand magma fincorp maxeda nielsen holdings northgate information solutions nxp semiconductors oriental brewery pets at home prosiebensat .1 media sealy corporation seven west media sungard tdc a s toys r us us foods visma wild yageo zhone technologies category v t e the blackstone group founders peter george peterson stephen a. schwarzman business services cms computers rgis sungard minority shareholder consumer retail michaels joint control performance food group pinnacle foods united biscuits financial services bankunited minority stake healthmarkets minority stake fgic minority stake healthcare biomet emcure pharmaceuticals investment vanguard health systems industrial freescale joint control kl ckner pentaplast trw automotive control media telecommunications eaccess investment nielsen holdings minority stake axtel minority stake deutsche telekom minority stake tdc minority stake the weather channel minority stake travel & leisure hilton worldwide center parcs europe freehold caesars entertainment corporation minority stake merlin entertainments minority stake seaworld entertainment tragus group travelport real estate extended stay america minority stake equity office luxury resorts lxr la quinta inns & suites v t e philadelphia area corporations including the delaware valley list of companies based in the philadelphia area philadelphia based fortune 500 corporations rank in the 2015 list comcast 43 aramark 207 crown holdings 318 delaware valley based fortune 500 corporations rank in the 2015 list amerisourcebergen 16 dupont 87 lincoln national 223 universal health services 324 campbell soup 342 ugi 349 burlington stores inc. 500 other notable philadelphia based businesses amoroso s beneficial bank chemtura day & zimmermann fmc corporation independence blue cross pennsylvania real estate investment trust pep boys philadelphia media network radian group urban outfitters notable philadelphia based professional partnerships ballard spahr blank rome cozen o connor dechert drinker biddle & reath duane morris morgan lewis & bockius pepper hamilton saul ewing white and williams other notable delaware valley based businesses actua corporation airgas alliedbarton ametek aqua america asplundh bentley systems brandywine realty trust boscov s carpenter technology cephalon chemours christiana care health system crozer keystone health system david s bridal epam systems enersys hamilton lane liberty property trust penn mutual penn national gaming rita s italian ice sei investments slm sungard susquehanna international group vanguard toll brothers triumph group unisys viropharma vishay intertechnology vwr wawa wilmington trust w. l. gore and associates wsfs bank notable delaware valley based us headquarters of foreign businesses aberdeen asset management ace agustawestland astrazeneca delaware investments glaxosmithkline ing group keystone foods sap america siemens medical shire pharmaceuticals subaru teva pharmacueticals td bank notable delaware valley based division headquarters of us corporations acme cerberus capital management centocor johnson & johnson colonial penn conseco delmarva power exelon gsi commerce ebay hercules ashland mab paints sherwin williams mcneil laboratories j & j neoware hewlett packard peco exelon qvc liberty media rohm and haas dow chemical sunoco energy transfer tasty baking flowers foods retrieved from https en.wikipedia.org w index.php title sungard & oldid 743822774 categories financial services companies of the united statesfinancial software companiescompanies based in delaware county pennsylvaniaprivately held companies in the united statesamerican companies established in 1983omersprivate equity portfolio companiessilver lake partners companiesblackstone group companieskohlberg kravis roberts companiesfinancial technology companiesfis1983 establishments in the united stateshidden categories articles needing additional references