SunGard is an American multinational company based in Wayne, Pennsylvania, which provides software and services to education, financial services, and public sector organizations. It was formed in 1983, as a spin-off of the computer services division of Sun Oil Company. The name of the company originally was an acronym which stood for Sun Guaranteed Access to Recovered Data, a reference to the disaster recovery business it helped pioneer. SunGard is 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 and de-listed from the NYSE.SunGard was one of the title sponsors of the Tinkoff-Saxo pro cycling team until the end of 2011. Wikipedia.
SunGard | Date: 2015-08-03
Systems and methods for real-time routing and retail order now adaptation to enhance execution performance can be configured to receive an order from a customer including a product identifier, order characteristics, and pricing information; identify a set of appropriate market venues based on the product identifier and/or order characteristics; determine expected behavior of the market venues based on historical data for executed orders and real-time order statistics; select, based upon expected behavior, a first market venue; and route the order, in real-time, to the first market venue for fulfillment.
SunGard | Date: 2015-09-17
Systems, devices, and methods for linking orders to develop a consolidated audit trail (CAT) are configured to receive event data for one or more orders based on one or more order characteristics; determine linkages between the one or more orders based on parent relationships of the one or more orders; verify the linkages between the one or more orders based on the event data; and determine order lifecycles based on the linkages between the one or more orders.
News Article | February 23, 2017
NEW YORK, NY--(Marketwired - February 23, 2017) - Marlin & Associates, the leading investment bank providing strategic and financial advisory services to worldwide buyers and sellers of middle-market companies that provide technology, enterprise data and analytics, announced that it has advised on four recent m&a transactions in the first two months of 2017, including three fintech transactions, and a cybersecurity transaction. The activity included a UK seller, a Canadian seller, a Swiss buyer, and Marlin's second recent m&a transaction involving Japanese investors. "B2B fintech is alive and thriving," said Marlin & Associates founder and managing partner, Ken Marlin. M&A's most recent success involved advising the TMX Group (TSX: X), the owner of the Toronto Stock Exchange, on its divesture of its trading infrastructure technology business -- which operated under the "Atrium" brand -- to the Intercontinental Exchange. (More on the Atrium Transaction here.) Advising QuoVadis, the Hamilton, Bermuda-based global provider of managed Public Key Infrastructure (mPKI), Certification Authority (CA) and electronic signature services (eID) and a portfolio company of ABRY Partners on its sale of a majority interest to WISeKey, the Swiss cybersecurity and Internet of Things (IoT) company. (More on the QuoVadis Transaction here.) Advise Technologies, the provider of regulatory reporting software for investment management firms, which Marlin advised on its acquisition by Compliance Solutions Strategies ("CSS"), a governance, risk management and compliance ("GRC") platform backed by CIP Capital. (More on Advise here.) Advising London-based OpenGamma, a pioneer in open source financial software and a leading provider of derivatives risk analytics, on a strategic investment from the Japan Exchange Group ("JPX"), Accel Partners, NEX (formerly known as ICAP), Euclid Opportunities and ex-SunGard CEO Cristóbal Conde. (More on OpenGamma here.) Roman Brunner, CEO of QuoVadis, said: "The Marlin & Associates team was a highly valued player in completing our transaction. Their professional expertise and commitment to the process, preparation, positioning, presentation, and leadership got us to the finish line. They're smart, available whenever needed, and bring the work ethic to get the deal done." Eric Sinclair, President, TMX Datalinx and Group Head of Information Services, said: "Throughout this process, the team at Marlin & Associates provided great financial and strategic advice. They served as a true strategic partner and integral part of the team as they guided the complex cross-border carve-out project. Marlin & Associates' unique industry expertise played a critical role in bringing this project to a successful conclusion for all stakeholders." Doug Schwenk, Founder and CEO of Advise, said: "…Marlin & Associates brought a deep understanding of the industry and their expertise was critical in helping us navigate through this strategic transaction. We are very excited about Advise's future within this new structure." Mas Nakachi, Vice Chairman, OpenGamma, said: "Throughout this process, the team at Marlin & Associates …was able to navigate a great outcome for all stakeholders. They worked closely with our board and management team to support a complex process involving many parties across multiple geographies. They were invaluable to the process." Ken Marlin, founder and managing partner of Marlin & Associates, said: "B2B fintech is thriving in the current market. Values and volumes remain strong. These were four incredibly complex situations involving clients with stake holders and potential partners in multiple countries and many possible outcomes. And we had considerable interest for each. We are always pleased when we are able to help our clients navigate through these situations and end up with a solution that is win-win for all sides. Each win is a testament to our domain expertise, and our international execution capabilities. Strong clients in a strong market always helps too." Marlin & Associates is one of the most active investment banks providing strategic and financial counsel to worldwide buyers and sellers of middle-market companies that provide technology, enterprise data and analytics as part of financial technology solutions, business and market intelligence, cybersecurity and other information technology related services. Headquartered in New York City, with offices in San Francisco, Washington, D.C., and Toronto, Marlin & Associates has won numerous awards including the "Middle-Market Investment Bank of the Year," "Boutique Investment Bank of the Year," "Middle-Market Financing Agent of the Year -- Equity," and "TMT Advisory Bank of the Year." More than 20 transactions on which Marlin & Associates has advised have been recognized as "Deal-of-the-Year." The Marlin & Associates team of professionals has advised on more than 200 information-technology transactions in 27 countries. Find more information on Marlin & Associates here. Some recent clients that Marlin & Associates has advised include:
News Article | February 15, 2017
PowerSchool, the leading provider of K-12 education technology solutions, today announced a significant incremental investment, furthering delivery of K-12’s most comprehensive technology platform. PowerSchool completed its acquisition of the SunGard K-12 business from FIS, a global leader in financial services technology. Through this acquisition, PowerSchool will provide significant value to the K-12 education community by combining cloud-based school finance, HR, and payroll solutions (ERP) with the industry’s leading student information system (SIS) and the Unified Classroom. With the combination of SunGard K-12’s industry leading ERP into PowerSchool’s single platform, the Unified Classroom solution, school districts can now realize greater efficiencies and savings in their business and HR operations. By adding further capabilities in accounting, payroll and benefits administration, procurement, employee management, compliance and professional development to PowerSchool’s already comprehensive offering, school districts finally have an end-to-end, unified platform that will drive efficiency and productivity across all aspects of the district spend. These capabilities improve the productivity of K-12 schools and all constituents, administrators, teachers, and principals by giving them greater visibility and more control over staffing, finance, investments, compliance data, and processes. Customers will realize improved value from PowerSchool’s platform, which greatly reduces the need for disparate, piecemeal applications. PowerSchool’s solutions enable educators to streamline school operations, enhance teaching and learning activities, and more effectively engage the student and parent community at home. Districts and schools will benefit from simplified deployment and higher adoption of technology that enhances teaching and learning in the classroom. "We were thrilled to learn about this acquisition,” said Ami Fogle, Technology Specialist Business Services at Blue Springs School District in Missouri. “We have been using the SunGard K-12 business solution (ERP) since 1993 and have used the PowerSchool SIS since 2009. To know these two robust solutions will now work together will make running things at Blue Springs School District even more seamless." “The success of improving student growth, empowering educators, and streamlining school operations hinges on technology applications working seamlessly together,” said Hardeep Gulati, PowerSchool CEO. “With this acquisition, PowerSchool is able to provide a comprehensive, unified suite of applications delivering holistic and real-time analytics to impact student performance, improve teacher effectiveness, provide insights into budgets, and optimize investments across all district initiatives.” SunGard K-12 customers have PowerSchool’s commitment to ongoing development, innovation, support, and service of SunGard K-12’s products including the eSchoolPLUS SIS. Customers will have continuity and significant value over time from improved innovation, support, and services delivered by the combined organization. Additionally, SunGard K-12 customers will have the option of adopting new technologies from PowerSchool, such as online registration and the Unified Classroom. “SunGard K-12’s product offerings greatly complement PowerSchool’s extensive suite of technology solutions,” said Frank Lavelle, SunGard K-12 President & CEO. “Joining forces enhances the value and innovation offered to schools and districts of all sizes to better meet the financial, administrative, and technology needs of 21st century school districts.” PowerSchool is investing to improve the K-12 education experience with the industry’s most comprehensive solution. With this addition of a strong ERP solution, school district administrators will be able to benefit from a seamless experience of staff onboarding and teacher schedule management, to improve overall finance, HR and payroll requirements for the entire district. This ERP solution, joining PowerSchool’s LMS, Assessment and Analytics, SIS’s, and Gradebook applications, completes an already formidable lineup of cloud-based technologies ideal for schools and districts of all sizes. To learn more, please attend this upcoming webinar: Overview of SunGard K-12 Acquisition. About PowerSchool Group LLC PowerSchool is the #1 leading education technology platform for K-12, serving more than 32 million students, 65 million parents, and nearly 100 million users in over 70 countries around the world. We provide the industry’s first Unified Classroom experience with best-in-class, secure, and compliant online solutions, including registration and school choice, student information systems, learning management and classroom collaboration, assessment, analytics, and special education management. We empower teachers and drive student growth through innovative digital classroom capabilities, and we engage families through real-time communications across any device. Visit http://www.powerschool.com to learn more. About FIS FIS is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, consulting, and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 55,000 people worldwide and holds leadership positions in payment processing, financial software and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index. For more information about FIS, visit http://www.fisglobal.com.
News Article | February 24, 2017
LONDON, UK / ACCESSWIRE / February 24, 2017 / Active Wall St. announces its post-earnings coverage on Fidelity National Information Services, Inc. (NYSE: FIS) ("Fidelity"). The company reported its financial results for the fourth and full year fiscal 2016 (FY16) on February 07, 2017. The banking and payment technologies Company's earnings met market expectations. "One year after the acquisition of SunGard, the combination is surpassing our goals on all dimensions," said Gary Norcross, Fidelity's President and Chief Executive Officer. Register with us now for your free membership at: One of Fidelity National Information Services' competitors within the Information Technology Services space, Sabre Corp. (NASDAQ: SABR), announced on February 07, 2017, its financial results for the quarter and full year ended December 31, 2016. AWS will be initiating a research report on Sabre in the coming days. Today, AWS is promoting its earnings coverage on FIS; touching on SABR. Get our free coverage by signing up to For the three months ended December 31, 2016, Fidelity's revenue increased 30.4 % on a reported basis to $2.45 billion from $1.88 billion in Q4 2015, while the Company's organic revenue increased 4.8%. The Company's revenue number slightly missed analysts' consensus of $2.47 billion. Fidelity's FY16 revenue increased 40.1% on a reported basis to $9.24 billion from $6.60 billion in the prior year's same period. For Q4 2016, Fidelity's net earnings from continuing operations attributable to common stockholders was $207 million compared to $105 million in Q4 2015. Diluted EPS from continuing operations was $0.63 in Q4 2016 up 80% compared to $0.35 in Q4 2015. The Company's adjusted net earnings from continuing operations attributable to common stockholders was $377 million for the reported quarter, or $1.14 per share up 22.6% compared to $0.93 per share in the prior year's corresponding quarter and in-line with market estimates. Fidelity's net earnings from continuing operations attributable to common stockholders were $567 million for FY16 compared to $639 million in the prior year's same period. Diluted EPS from continuing operations was $1.72 for the reported year compared to $2.21 in the prior year's comparable period. Adjusted net earnings from continuing operations attributable to common stockholders was $1.3 billion for the year, or $3.82 per share, compared to $3.22 per share in the prior year's same period, which was also an increase of 18.6 %. Fidelity's adjusted EBITDA increased 15.2% to $846 million for the reported quarter from $734 million adjusted combined EBITDA in the prior year's same quarter. The Company's adjusted EBITDA increased 11.1 % to $2.9 billion in the year from $2.7 billion adjusted combined EBITDA in the prior year's comparable period. For Q4 2016, Fidelity's Integrated Financial Solutions (IFS) generated revenue of $1.2 billion, up 11.1% from $1.0 billion in Q4 2015, while organic revenue grew 2.5%. The segment's adjusted EBITDA increased 5.0% to $478 million from $455 million adjusted combined EBITDA in Q4 2015. Adjusted combined EBITDA for Q4 2015 was $31 million greater than adjusted EBITDA in Q4 2015 due to the acquisition of SunGard on November 30, 2015. IFS' reported revenue grew 18.7% to $4.6 billion in FY16 from $3.8 billion in the prior year's same period. Adjusted EBITDA increased 4.2% to $1.8 billion from $1.7 billion adjusted combined EBITDA in the prior year's corresponding period. Global Financial Solutions (GFS)'s Q4 2016 reported revenue grew 51.6% to $1.1 billion from $754 million in Q4 2015, while it increased 7.7% on an organic basis. The segment's adjusted EBITDA increased 31.3% to $412 million from $313 million adjusted combined EBITDA in the prior year's same quarter, and adjusted EBITDA margin was 36.0 %. GFS' FY16 reported revenue surged 80.0% to $4.2 billion from $2.4 billion in the prior year's comparable period. Organic revenue grew 5.0 %. Adjusted EBITDA increased 17.2 % to $1.3 billion from $1.1 billion adjusted combined EBITDA in the prior year's same period, and adjusted EBITDA margin was 30.4%. Fidelity's Corporate / Other segment reported revenue increased 83.7% to $144 million in Q4 2016 compared to $78 million in the prior year's comparable quarter. Organic revenue increased 1.3 %. Adjusted EBITDA loss was $44 million and is inclusive of $88 million of corporate expenses. The Company's FY16 reported revenue increased 9.1 % to $425 million compared to $390 million in the prior year's same period. Organic revenue declined 1.4 %. Adjusted EBITDA loss was $158 million and is inclusive of $316 million of corporate expenses. As of December 31, 2016, Fidelity's cash and cash equivalents totaled $683 million and debt outstanding totaled $10.5 billion. The Company's Q4 2016 net cash provided by operating activities was $583 million and free cash flow was $435 million. For FY16, Fidelity's net cash provided by operating activities was $1.9 billion and free cash flow was $1.5 billion. The Company reduced outstanding debt by $1.0 billion in the reported year. Fidelity paid dividends totaling $86 million in Q4 2016 and $341 million in FY16. At the close of trading session on Thursday, February 23, 2017, Fidelity National Information Services' stock price marginally rose 0.33% to end the day at $83.09. A total volume of 1.51 million shares were exchanged during the session. The Company's share price has surged 3.82% in the past one month and has gained 9.85% on YTD basis. 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SunGard | Date: 2013-09-30
A system for tracing operations during application execution and executing the traced operations on a second processing unit. The tracing involves identifying attempts to execute software that performs particular functions that would benefit from execution on a particular piece of non-compatible hardware and, rather than executing the code, recording the requests and the data inputs to each of the requests. At a point during execution of the software system such as, for example, when either a memory threshold has been exceeded for recording the requested code and inputs, or results are needed for the requested code, the corresponding code executable on the non-compatible hardware is identified and executed. Thereafter, the results from the execution on the non-compatible hardware are received and processing continues.
SunGard | Date: 2012-11-15
A system for securities lending data management aggregates securities lending transaction data across a plurality of firms. The data comprises records including parameters for securities lending transactions entered into by individual firms. The system queries the data in order to identify instances wherein for a record of a transaction engaged by one firm, there is no corresponding record for another firm indicating a counterparty. The system compares instances of such orphan records in order to identify instances wherein the parameters for an orphan record corresponds to the parameters of another orphan record with the exception of perhaps one or two parameter values. The system outputs a listing of such instances and receives input confirming or invalidating that the identified orphan records correspond to the same transaction.
SunGard | Date: 2014-06-13
An authentication and payment system for paying a supplier via a network may include a non-transitory computer readable storage medium having program logic stored thereon having a code for an authentication and payment application executable by a processor of a computing device. The code may be programmed to perform a step of receiving a first set of specific data elements from a payer regarding an authorized purchase by the payer from the supplier. The code may be further programmed to receive a second set of specific data elements from the supplier. If the first set of specific data elements matches at least a portion of second set of specific data elements, the code may be programmed to generate and send a single-use number to the supplier. The single-use number may be usable as a credit card number for only one purchase.
SunGard | Date: 2012-11-08
In an embodiment, a method for operating a virtual data center includes interconnecting a hierarchy of networking devices comprising physical networking devices and virtual networking devices. Customer- facing access to resources in the virtual data center is provided via an overlay network using a suitable protocol that supports compatible addressing between service provider physical locations.
SunGard | Date: 2012-10-18
A system aggregates data that may be used during the course of a scheduled meeting and allows for the customization of the data for presentation during the scheduled meeting. The system communicates the customized data to meeting participants for discussion and review. The system also accepts inputs during the meeting that define additional meeting information such as bookmarked pages and views that were reviewed during the meeting. The inputs may further define notes reflecting discussions held during the meeting. The system stores information reflecting the bookmarks and notes that were made during the meeting. After the meeting has concluded, the data that was presented during the meeting as well as the bookmarks and notes that were presented during the meeting may be reviewed and selected for inclusion in an electronic document. The document may then be electronically communicated to the participants in the meeting for reference at a later time.