Sungard Availability Services
| File:SungardAvailabilityServicesLogo.png | |
| Company type | Privately held |
|---|---|
| Industry | |
| Founded | 1978 |
| Headquarters | Wayne, Pennsylvania, USA |
Key people | Brett Diamond, CEO |
| Products | IT Infrastructure, Private and Public Cloud, Disaster Recovery, Workplace Recovery, Consulting Services |
| Owner | Angelo, Gordon & Co., LP; The Carlyle Group Global Credit; FS Investments and GSO Capital Partners LP. |
Number of employees | 3,000 |
| Parent | Fidelity Information Services |
| Website | www.sungardas.com |
Sungard Availability Services (Sungard AS) operated as a provider specializing in IT production and recovery services, generating approximately $773 million in revenue during 2021 and maintaining a presence across 12 countries. The firm applied its disaster recovery knowledge to develop and oversee robust IT infrastructures. At its operational height, it employed around 1,500 professionals in IT and business roles, managing 20 mobile units, 75 fortified data centers, and workplace recovery locations interconnected by a worldwide redundant network.
In April 2022, Sungard AS initiated Chapter 11 bankruptcy proceedings. By November of the same year, the company reached agreements to sell the majority of its global assets to competitors 11:11 Systems and 365 Data Centers. Subsequent plans included ceasing North American operations throughout 2023 while divesting its international subsidiaries.
History
SunGard Data Systems (SDS) was established in 1983 following a leveraged buyout from Sun Oil Company. The company went public on NASDAQ (SNDT) in 1986 before transitioning to the NYSE in 1997 under the ticker SDS.
Between 2001 and 2005, SDS expanded its continuity services portfolio via acquisitions such as Comdisco’s European branch, Guardian IT, and Inflow. In 2005, SilverLake orchestrated an $11.3 billion leveraged buyout of SDS. Additional acquisitions included VeriCenter in 2007 to enhance managed hosting and operational availability capabilities, and Hosting 365 from Ireland in 2010 to strengthen cloud services and managed offerings.
On April 1, 2014, Sungard Availability Services was separated as an independent entity from SunGard Data Systems.
In April 2019, Sungard AS filed for Chapter 11 bankruptcy aiming to reduce nearly $1.3 billion in debt by more than two-thirds. The company successfully restructured its obligations and emerged from bankruptcy by May of that year.
Nevertheless, escalating energy expenses combined with changes toward remote work during the COVID-19 pandemic resulted in a second Chapter 11 filing in April 2022. By November, Sungard AS completed asset sales transferring most North American personnel and data center operations to competitors. The firm intended a gradual withdrawal from the North American market by late 2023 while continuing to manage international asset disposals.
Services
Sungard Availability Services delivers IT production and recovery solutions encompassing IT infrastructure, Cloud computing, Disaster Recovery, and Workplace Recovery. Its infrastructure offerings include traditional colocation services augmented by Megaport cloud connectivity introduced in August 2020. Cloud solutions cover both public and private models utilizing platforms from Dell Technologies, VMware, and Amazon Web Services to provide scalable and managed cloud environments.