2014-01-24
SunGard Data Systems will split off its Availability Services business, which operates its data centers and disaster recovery business. The Sungard Availability business unit will be spun off into a separate company to its existing stockholders, including its private equity owners, in a tax-free transaction. The new company will continue to use the SunGard Availability Services name. SunGard says customers should see no impact from the change.