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| Company type | Private |
|---|---|
| Industry | Information Technology |
| Founded | 1983 |
| Defunct | 2015 |
| Fate | Acquired by FIS |
| Headquarters | Wayne, Pennsylvania, U.S. |
Key people | Gary Norcross (CEO) |
| Products | Computer software Support services |
| Revenue |  $4.991 billion (2011) |
| Owner | FIS |
Number of employees | 13,000 (2014) |
SunGard was an American multinational company based in Wayne, Pennsylvania, which provided 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 was 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 for $11.3 billion 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][5]
- ^ "Fortune 500 2012: Fortune 1000 Companies 401-500". CNN.
- ^ "Financial software maker SunGard files for IPO". Reuters. 4 June 2015. Retrieved 1 March 2021.
- ^ "Nyheder fra". Borsen.dk. Archived from the original on 2011-12-19. Retrieved 2012-03-29.
- ^ "FIS to Acquire SunGard, Deepens Enterprise Banking and Capital Markets Solutions". FIS Global. Retrieved 2015-08-12.
- ^ Dezember, Ryan (2015-08-12). "FIS to Buy SunGard for $5.1 Billion". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-06-04.