Is SunGard a Fortune 500 company?
Is SunGard a Fortune 500 company?
SunGard was ranked at 480th in the U.S. Fortune 500 list in the year 2012. In August 2005, the company was acquired by seven private equity firms for $11.3 billion and de-listed from the NYSE….SunGard.
| Type | Private |
|---|---|
| Owner | FIS |
| Number of employees | 13,000 (2014) |
| Website | sungard.com |
How big is SunGard?
SunGard serves approximately 16,000 customers in more than 100 countries and has more than 13,000 employees.
What did SunGard do?
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
Who owns SunGard Data?
GL Trade
SunGard/Parent organizations
Is FIS a SunGard?
In 2015, FIS acquired SunGard, whose complementary offerings brought FIS into new markets for financial technology services, including asset managers, traders, custodians, treasurers, third-party administrators and clearing agents.
What are SunGard provisions?
“SunGard” or “certain funds” provisions are common in commitment letters for large and middle-market U.S. acquisition financings and limit the representations and warranties made by the borrower to certain “specified representations” that must be accurate and, in secured financings, the delivery of certain types of …
Is SunGard FIS now?
FIS acquires SunGard, one of the world’s leading software and technology services companies.
When was SunGard founded?
1983
SunGard/Founded
How much did FIS pay for SunGard?
Fidelity National Information Services, in short known as FIS, has completed its $5.1 billion acquisition of SunGard. The deal creates one of the globe’s largest service providers, with more than 55,000 employees and revenues in excess of $9.3 billion.
Is FIS good company to join?
Best Company in my whole career Worked with FIS Noida as Sr. Best company in my whole career, work ia very good. Very good work life balance. Management is very co-operative, hikes etc are also good.
What is a SunGard commitment?
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.
What is a limited condition transaction?
Limited Condition Transaction means any acquisition or Investment by one or more of the Borrower and its Restricted Subsidiaries of or in any assets, business or Person permitted by this Agreement the consummation of which is not conditioned on the availability of, or on obtaining, third party financing. Sample 2.
Who is the private equity firm that bought 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.
How many acquisitions has SunGard Data Systems made?
SunGard has completed more than 150 acquisitions over the past 20 years. Among the largest acquisitions were: In 1997, SunGard Data Systems acquired Infinity Financial Technology, a designer of trading and risk-management software, for about US$390 million, where $313 million were paid in stock and $77 million went in cash.
Where does SunGard have offices in the world?
SunGard had offices in many parts of the world outside of the United States including Paris, South Africa, Tunis, Stockholm, and the United Kingdom. SunGard has historically grown by acquisition.
When did SunGard become part of Capita Group?
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.
