SunGard is one of the world’s leading software and technology services companies. SunGard is comprised of four businesses – Availability Services, Financial Systems, K-12 Education and Public Sector. The name of the company originally was an initialism which stood for Sun Guaranteed Access to Recovered Data, a reference to the disaster recovery business it helped pioneer. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. With annual revenue of about $4.0 billion, SunGard is the largest privately held software and services company and is ranked 480 on the Fortune 500. The company was founded in 1982, and is headquartered in Wayne, PA.
The company’s Availability Services segment portfolio includes business continuity planning, managed recovery, enterprise cloud computing services, colocation, online backup, continuity management software, and consulting. SunGard Availability Services has 5 million square feet of data center and operations space. SunGard Financial Systems segment provides mission critical software and IT services to institutions in virtually every segment of the financial services industry. The primary purpose of these systems is to automate the many detailed processes associated with trading, managing investment portfolios and accounting for investment assets. This segment primarily serves financial services institutions, corporate and government treasury departments, and energy. SunGard Financial Systems helps 15,000 customers in more than 70 countries. SunGard K-12 Education provides district wide software solutions designed to help teachers, administrators and parents support student achievement. SunGard K-12 Education delivers a single integrated suite of software products, and its K-12 Education software solutions currently support over 8 million K-12 students in the United States. SunGard Public Sector segment is a leading provider of software and services for local governments, public safety and justice agencies and nonprofits. SunGard Public Sector products impact more than 115 million citizens in North America.
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