SunGard

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

Form of society and seat

SunGard consists of three interlaced legal entities: The SunGard Data Systems Inc., SunGard Capital Corp.. and the SunGard Capital Corp.. II The SunGard Data Systems Inc. (" SunGard " ) is an indirectly 100 % owned subsidiary of SunGard Capital Corp.. II, which in turn a subsidiary of SunGard Capital Corp.. is. Of incorporation and tax domicile SunGard is the county ( County) Delaware in the U.S. state of Pennsylvania, the seat of the company's management ( principal executive offices ) is in Wayne, a U.S. mail postal zone and an " unincorporated community" of the same name. Chief Executive Officer ( "President" ) and chief executive officer of SunGard since 2002, Cristóbal Conde, who is also a member of the Board of Directors. His deputy and Chief Financial Officer ( Senior Vice President - Finance and Chief Financial Officer ) since 2010 Robert F. Woods. SunGard Data Systems Inc. has in turn directly and indirectly around the world hundreds of regional companies. In Germany, these are the SunGard Systems GmbH (temporarily SunGard Forbatec GmbH), the SunGard Global Trading ( Germany ) GmbH and the SunGard Business Integration GmbH, all of which have their headquarters in Frankfurt am Main. The Swiss subsidiary, SunGard (Switzerland) SA, headquartered in Le Grand- Saconnex in the Canton of Geneva.

History

SunGard was created in 1982 as a spin-off from a division of Sun Oil Company. The department was created in the 1970s as part of a diversification strategy by Sun Oil, the result was at times very low oil prices. Among the various newly launched activities Oils Sun was a Department of IT services, which provided fail-safe data centers for customers and from then SunGard developed. The financial software division developed mainly from purchases on the market leading financial software provider. 1986 SunGard went public ( NYSE: SDS ), until it came back in August 2005 as part of a leveraged buyout for 11.4 billion U.S. dollars in private hands. Among the investors, Bain Capital Partners, The Blackstone Group, Goldman Sachs, Kohlberg Kravis Roberts & Co., Providence Equity Partners and Texas Pacific Group were.

Product portfolio

The SunGard 's strategy was from the beginning is to own strategy to buy up right profitable business. Between 1986 and 2009, more than 160 acquisitions were made, thus creating a wide range of solution offerings for the target sectors of the company. It was one of the main challenges and cost drivers to make the many based on completely different technical platforms software solutions interoperable. Also resulted from the overlap in the product portfolio of the acquired companies high costs for parallel operation and the merging of products or software migrations for customers. Since 2005, the SunGard business based on the following four major pillars:

Availability Services ( incl. data security failure data centers and high availability solutions ): This is the oldest business model SunGard, with which it became independent in 1986. The origins date back to the 1970s, when the new division of Sun Oil solutions in the field of data recovery ( DR ) developed and offered in 1978 other companies. The next division had a loss centers. Today, SunGard offers almost everything that can be subsumed under the umbrella term data security. The recent acquisitions in this sector are Comdisco (2001), InFlow (2005) and VeriCenter (2007).

Financial Systems ( financial software systems composed of formerly separate SunGard companies, including the largest SunGard Futures Systems, headquartered in Chicago). Here SunGard now offers a confusing portfolio of software solutions for almost all niches of finance, of the total banking software on the stock trading software and derivatives settlement systems to software for insurance companies. Alone for the investment banking division SunGard has more than 30 specialized software systems on offer. The recent acquisitions in this area are System Access (2006) and Star King (2006). The latter is designed to help strengthen especially SunGard's position in the financial market in the PRC. Since 2007, SunGard works with the German software provider SAP is actively collaborating since 2005 on the banking sector, and provides individual financial solutions in the field of risk management for use in the SAP Banking module and interfaces to SAP Bank Analyzer product ready.

Higher Education (software for universities ) with the recent acquisitions Collegis and SCT (both 2004), provides software for colleges and universities ( " Digital Campus" ), v. a to manage and for the so-called e-learning.

The youngest division, the Public Sector, aimed at customers in the government sector, v. a school authorities, nonprofit organizations, public and government administrations. It offers software in the areas of ERP, accounting, personnel management, accounting, project management and others and was formed from six SunGard purchases: BiTech (1995), Penta Mation (1999), HTE (2003 ), Software Solutions ( 2004) and Vivista Holdings Limited (2005), which essentially had previously worked only on the U.S. and the UK market.