What happened to SunGard?
What happened to SunGard?
In 2015, SunGard was acquired by the FIS company. In February 2017, Vista Equity Partners acquired SunGard’s Public Sector and Education businesses from FIS, and renamed and rebranded SunGard Public Sector as Superion by April 2017, while adding SunGard Education to its own PowerSchool holdings.
Who owns SunGard Data?
GL Trade
SunGard/Parent organizations
How much did FIS pay for SunGard?
Provider of banking and payments technology, Fidelity National Information Services Inc. (FIS) has agreed to buy SunGard Data Systems in a deal valued at $9.1 billion, including $4 billion of debt.
What do SunGard 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.
What are SunGard provisions?
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.
Who owns SunGard financial?
Who owns SunGard Availability Services?
FIS
Sungard Availability Services/Parent organizations
What do Sungard do?
Who owns Sungard financial?
What are specified representations?
Specified Representations means the representations and warranties set forth in the Loan Documents (or otherwise mutually agreed between the Borrower and the applicable Lenders providing any applicable Incremental Term Loans) relating to: corporate existence of the Borrower and good standing of the Borrower in its …
What happened to SunGard public sector Holdings Ltd?
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. The new business was known as Capita Secure Information Systems; it has now been renamed Capita Secure Managed Services.
Who bought out 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.
Why choose SunGard as?
Sungard AS provides a Hybrid IT Recovery Services that can help you bridge the gap between Cabot Financial Services of Ireland, a leader in consumer credit management, combines its John Beattie, Principal Consultant. Sungard AS shares insights in this 30 minute webinar on
How much debt does SunGard have?
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.
