What happened to SunGard?
In 2015, SunGard was acquired by the FIS company. In February 2017, Vista Equity Partners acquired SunGard’s Public Sector and Education businesses from FIS, and renamed and rebranded SunGard Public Sector as Superion by April 2017, while adding SunGard Education to its own PowerSchool holdings.
Is SunGard owned by FIS?
In 2015, FIS acquired SunGard, whose complementary offerings brought FIS into new markets for financial technology services, including asset managers, traders, custodians, treasurers, third-party administrators and clearing agents.
What company owns SunGard?
GL Trade
SunGard/Parent organizations
How much did FIS pay for SunGard?
FIS, which has grown through acquisitions in the past 15 years, offers software and outsourcing services to banks, asset managers and insurers and in 2015 completed its buy of financial software company SunGard for $9.1 billion.
What is Intellitracs?
Intellitracs, LLC is a limited liability company (LLC) located at 1355 N. Scottsdale Rd., Suite 180 in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $56,300.00 in April, 2020.
What are SunGard provisions?
“SunGard” or “certain funds” provisions are common in commitment letters for large and middle-market U.S. acquisition financings and limit the representations and warranties made by the borrower to certain “specified representations” that must be accurate and, in secured financings, the delivery of certain types of …
What is Fisglobal?
www.fisglobal.com. FIS is an American Fortune 500 company which offers a wide range of financial products and services. Headquartered in Jacksonville, Florida, FIS employs approximately 62,000 people worldwide.
What does Sungard as do?
Sungard Availability Services (Sungard AS) is a provider of IT production and recovery services with annual revenues of approximately $773 million and offices in 12 countries. The company uses its experience in recovery to design, build and run production environments that are resilient and available.
Who owns Worldpay now?
FIS
Worldpay, Inc./Parent organizations
In March 2019, Fidelity National Information Services, Inc. (FIS), announced a $43 billion deal to buy Worldpay, reported as the biggest deal ever in the international payments sector. The acquisition closed in June 2019 and Worldpay was merged into FIS.
Who did FIS purchase?
Worldpay
FIS acquires Worldpay, one of the world’s leading global eCommerce and payment technology companies. Post-acquisition, FIS will have over $12 billion in pro forma revenue and be a global leader in technology and solutions for merchants, banks and capital markets.
What is limited condition transaction?
Limited Condition Transaction means any acquisition or Investment by one or more of the Borrower and its Restricted Subsidiaries of or in any assets, business or Person permitted by this Agreement the consummation of which is not conditioned on the availability of, or on obtaining, third party financing.
What are certain funds provisions?
A requirement for bids on public companies requiring the Lender making a takeover offer on behalf of a bidder to verify that the bidder has the funds to close the deal.
