SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector.
SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business.
SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies and over 1,600 colleges and universities. Over 800 cities and counties, 600 public safety agencies, and 600 k-12 schools and school districts also rely on Sungard solutions.
SunGard systems support the accounting and management of more than $25 trillion in invested assets and process more than 5 million trades each day. Some 70 percent of NASDAQ trades flow through the company's systems.
Sungard was acquired in August, 2005 for $11 billion by a consortium of private equity investment firms organized by Silver Lake Partners that includes Bain Capital, The Blackstone Group, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts & Co. L.P., Providence Equity Partners and Texas Pacific Group.
The company is no longer publicly traded.
Sungard reported record revenue in 2005 of $4.0 billion and net income of $116.4 million.
Updated April 22, 2006