SunGard has acquired 365 Hosting Limited, a Dublin, Ireland-based cloud computing and data centre services company which trades as ‘Hosting 365’. Terms were not disclosed. SunGard was acquired for $11.4 billion in 2005 by Bain Capital, Blackstone Group, GS Capital Partners, KKR, Providence Equity Partners, Silver Lake Partners and TPG Capital.
Press release:
SunGard has acquired 365 Hosting Limited, a Dublin, Ireland-based cloud computing and data centre services company which trades as ‘Hosting 365’. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard’s results.
Privately-owned Hosting 365 has built a strong presence in Ireland delivering both data centre managed IT services and, more recently, on-demand computing services within its cloud computing environment.
The company has been providing hosted services since 2001 and operates from two secure data centres in the Dublin area to help ensure the resilience of its solutions. It has pioneered the use of Web-based tools to facilitate customer self-service across all aspects of the service procurement process. Customers can order and provision their changing computer requirements in near real-time as well as monitor their usage and manage their accounts on-line.
Ed Byrne, general manager, Hosting 365, commented, “We are pleased to become part of SunGard and to augment our product portfolio with SunGard’s capabilities. Much of our success so far can be put down to our commitment to serve our customers’ changing business and technology needs. The addition of SunGard’s world-class range of availability solutions will help ensure that we can continue to reinforce our leadership position in Ireland and can help our customers be even more resilient as their businesses change and grow.”
Keith Tilley, managing director UK and executive vice president Europe for SunGard Availability Services, said, “Hosting 365 has built a superb business since its formation. The deal has major benefits for both parties: SunGard gains access to a new geographic market and proven cloud computing expertise, while Hosting 365 extends its product range with our own managed IT services, business continuity and disaster recovery solutions.”
About Hosting365
Hosting365 is a hosted infrastructure provider. The company operates its own 25,000 square feet, state-of-the-art data centre in Park West, Dublin. Hosting365 was named as Ireland’s 25th fastest growing technology company in the Deloitte & Touche Technology Fast 50. More information can be found on www.hosting365.com.
About SunGard Availability Services
SunGard Availability Services provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software to more than 10,000 customers in North America and Europe. With five million square feet of datacenter and operations space, SunGard assists IT organizations across virtually all industry and government sectors prepare for and recover from emergencies by helping them minimize their computer downtime and optimize their uptime. Through direct sales and channel partners, we help organizations ensure their people and customers have uninterrupted access to the information systems they need in order to do business. Visit SunGard Availability Services at www.sungard.co.uk
SunGard Availability Services has been recognized as Service Provider of the Year an unprecedented six times in the Business Continuity Awards’ eleven-year history, and has been a finalist on all but one occasion: a track record unequalled in the industry. In 2008, SunGard was presented the 10th Anniversary Award for Outstanding Excellence in Business Continuity. SunGard and its customers have also achieved success in the Most Innovative Product, Most Effective Recovery, Industry Personality, Lifetime Achievement and Consultant of the Year categories, amongst others.
Representing Intellect, the trade association, on the steering committee for BS 25999, SunGard helped to define the first standard of its kind, which is alerting the wider business community to the importance of business continuity management. SunGard then became the first business continuity expert to secure certification against the BS 25999 Standard. It is now in the unique position of being able to assist its customers – both large and small alike – through the certification process drawing on its own experience.
About SunGard
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
Trademark Information: SunGard and the SunGard logo are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
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