$1.4 Billion Sungard Availability Services Now Independent Company

Sungard Availability Services (Sungard AS), provider of information availability through managed IT, cloud and recovery services, is now a standalone company, following its split-off from SunGard Data Systems Inc.

The new company, with annual revenues of approximately $1.4 billion and operations in 11 countries, will remain headquartered in Wayne, PA.

As a result of the split-off, Sungard AS now has its own board of directors and brand.

“Now that we are an independent firm, we have the flexibility to evolve our culture, our industry relationships and our investments to maximize our business and best serve customers,” said CEO Andrew A. Stern.

“This announcement is the next step towards creating a highly-focused IT services business that’s dedicated to providing world-class managed / availability services to our customer base,” Stern noted. “All of us here at Sungard AS are very excited about the prospects to accelerate our growth, and we look forward to continue partnering with our customers to deliver the business outcomes they need.“

Sungard AS today revealed its new brand identity, which includes a new logo. The company, which pioneered the concept of shared IT DR infrastructure more than 30 years ago, will continue to leverage its “always on, always available” brand positioning.

Its new logo represents strength and dynamism. A forward-leaning angle in the logo conveys progression and growth, while a triangle in the logo represents stability and the support that the company will continue to provide its customers.

Sungard AS leverages its scale and global reach to address its approximately 7,000 customers’ cloud, managed hosting and recovery-services needs.

“Our company will continue to focus investments in our newer service offerings, which include Enterprise Managed Services, Enterprise cloud Services, Recovery as a Service and AssuranceCM, our next-generation BC management software offering,” Stern said.