Vendor Update: SunGard Splits Itself in Two
DWT 2004 ANNUAL REVIEW
NEW YORK—In a move that surprised the industry, SunGard announced in October that it will be spinning off its disaster recovery/business continuity planning (DR/BCP) division, SunGard Availability Services—approximately one half of its business—and will be redirecting and renaming the other half of its niche-oriented empire.
The board of directors at Wayne, Pa.-based SunGard unanimously approved a plan to spin off the SunGard Availability Services unit to stockholders through a tax-free
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