SunGard

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SunGard
legal form Incorporated
founding 1982
Seat Wayne , Pennsylvania , USA
management Russell Fradin
Number of employees 20,000 (December 2009)
sales $ 5.51 billion (2009)
Branch Software , services
Website www.sungard.com

SunGard (pronounced [ 'sanga: d ]) is a US high-tech company specializing in industry software products in the financial and educational sectors, as well as data security solutions, and is the global market leader in the financial software industry by revenue. It is counted among the top 100 in the global IT industry.

Company form and seat

SunGard consists of three nested legal entities: SunGard Data Systems Inc., SunGard Capital Corp. and SunGard Capital Corp. II. SunGard Data Systems Inc. (“SunGard”) is indirectly a wholly-owned subsidiary of SunGard Capital Corp. II, which in turn is a subsidiary of SunGard Capital Corp. is. The place of incorporation and tax domicile of SunGard is the county (County) Delaware in the US state Pennsylvania, seat of the company management ( principal executive offices ) is in Wayne, a US mail delivery district and an "unincorporated community" with the same name. In turn, SunGard Data Systems Inc. owns, directly and indirectly, hundreds of regional companies worldwide. In Germany, these are SunGard Systeme GmbH (temporarily SunGard Forbatec GmbH), SunGard Global Trading (Deutschland) GmbH and SunGard Business Integration GmbH, all of which are based in Frankfurt am Main . The Swiss subsidiary, SunGard (Switzerland) SA, is based in Le Grand-Saconnex in the canton of Geneva .

history

SunGard was founded in 1982 as a spin-off from a division of the Sun Oil Company . The department was created in the 1970s as part of a diversification strategy by Sun Oil, which was the result of very low oil prices at times. Among the various newly started activities of Sun Oil was a department for IT services, which provided fail-safe data centers for customers and from which SunGard developed. The financial software division developed predominantly from acquisitions on the market of leading financial software providers. In 1986, SunGard went public ( NYSE abbreviation: SDS) until it returned to private hands in August 2005 as part of a leveraged acquisition for $ 11.4 billion. Investors included Bain Capital Partners , the Blackstone Group , Goldman Sachs , Kohlberg Kravis Roberts & Co. , Providence Equity Partners, and the Texas Pacific Group . In 2015, SunGuard was acquired by Fidelity National Information Services .

Product portfolio

From the beginning, SunGard's strategy has consisted of buying up profitable companies that matched its own strategy. More than 160 takeovers were made between 1986 and 2009, creating a wide range of solutions for the company's target industries. One of the main challenges and cost drivers was to make the many software solutions based on completely different technical platforms interoperable. The overlap in the product portfolio of the acquired companies also resulted in high costs for parallel operation and the merging of products or software migrations for customers. Since 2005, SunGard's business has been based on four major pillars:

Availability Services (data security including outage data centers and high availability solutions): This is SunGard's oldest business model, with which it became independent in 1986. The beginnings go back to the 1970s, when the new business division of Sun Oil developed solutions in the field of data recovery ( disaster recovery ) and from 1978 offered them to other companies. The next division was outage data centers. Today SunGard offers almost everything that can be summarized under the umbrella term data security. The most recent acquisitions in this sector are Comdisco (2001), InFlow (2005) and VeriCenter (2007).

Financial Systems (financial software systems made up of previously separated SunGard companies, including the largest SunGard Futures Systems based in Chicago). Here, SunGard now offers a vast portfolio of software solutions for almost all niches in the financial sector, from overall banking software to equity trading software and derivatives processing systems to software for insurance companies. For the investment banking sector alone, SunGard has well over 30 specialized software systems on offer. The most recent acquisitions in this area are System Access (2006) and Kingstar (2006). The latter is primarily intended SunGard's position in the financial market of China help strengthen. Since 2007 SunGard has been working with the German software provider SAP , which has also been active in the banking sector since 2005, and provides individual financial solutions in the area of ​​risk management for use in the SAP banking module and interfaces to the SAP product BankAnalyzer.

Higher Education (software for universities) with the most recent acquisitions Collegis and SCT (both 2004), offers software for colleges and universities (“digital campus”), v. a. for administration and for so-called e-learning .

The newest division, Public Sector , targets customers in the administrative sector , v. a. School authorities, non-profit organizations and public and state administrative bodies. It provides software in the areas of ERP , bookkeeping , human resources , accounting , project management, and others and was formed from six SunGard purchases: BiTech (1995), Pentamation (1999), HTE (2003), Software Solutions (2004), and Vivista Holdings Limited (2005), who previously were essentially only active in the US and UK markets.

Web links

Individual evidence

  1. ^ A b c SunGard: SunGard Financial Information. (No longer available online.) Archived from the original on May 11, 2010 ; accessed on May 14, 2010 (English).
  2. ↑ Business Week: BusinessWeek IT100. Retrieved May 14, 2010 .
  3. ^ SunGard: SunGard Management. (No longer available online.) Archived from the original on May 21, 2010 ; accessed on May 14, 2010 (English).
  4. ^ SEC (Securities and Exchange Commission): REGISTRATION STATEMENT 1997. (DOC) Retrieved May 14, 2010 (English).
  5. ↑ Funding Universe: SunGard Data Systems. Retrieved May 14, 2010 .
  6. ↑ Wayne, Pennsylvania in the English language Wikipedia
  7. ↑ SunGard: SunGard in Germany 2008. (No longer available online.) Archived from the original on February 15, 2010 ; Retrieved May 14, 2010 .
  8. ↑ Creditreform: Creditreform company data. Retrieved May 14, 2010 .
  9. ↑ Creditreform: Creditreform company data. Retrieved May 14, 2010 .
  10. ↑ Creditreform: Creditreform company data. Retrieved May 14, 2010 .
  11. ↑ Entry of "SunGard (Switzerland) SA" in the commercial register of the Canton of Geneva
  12. ^ SunGard: SunGard History. (No longer available online.) Archived from the original on May 19, 2010 ; accessed on May 14, 2010 (English).
  13. ^ NY Times: New York Times March 29, 2005. Retrieved May 14, 2010 .
  14. ↑ http://www.fisglobal.com/C040107  ( Page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. , FIS to Acquire SunGard@1@ 2Template: Dead Link / www.fisglobal.com  
  15. ↑ Portfolio-institutional: Portfolio-institutional October 15, 2007. (No longer available online.) Formerly in the original ; Retrieved May 14, 2010 .  ( Page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Toter Link / www.portfolio-institutionell.de  
  16. ^ SunGard: SunGard Businesses. (No longer available online.) Archived from the original on May 16, 2010 ; accessed on May 14, 2010 (English).
  17. ↑ SAP: SAP and SunGard. Retrieved May 14, 2010 .