The Information Technology 100
94
SunGard Data Systems
SunGard is Wall Street's cash register. At its data centers in North America and Europe, the Wayne (Pa.) company processes trades and transactions for banks, brokerages, and asset managers. It also hosts applications for schools, nonprofits, and governments. For its services, SunGard collects a stream of payments as steady as water from a hose. Cash flow from operations last year was $785 million, up 18% from 2003.
That uninterrupted supply of dollars is ideal for making payments on loans, which buyout firms use to finance acquisitions. No surprise, then, that in March, seven private equity firms led by Silver Lake Partners said they would take SunGard private for $11.3 billion, the largest buyout ever in the tech sector. The news sent SunGard's stock rocketing up 38% to $35 in one week. The deal is expected to close in September.
Company Info
| STOCK INFO | SDS |
| Revenues* | $3.7 BILLION
|
| Revenue Growth | 17.3%
|
| Return on Equity | 13.6%
|
| Total Return | 25.3%
|
| Profits* | $457.6 MILLION
|
| Industry | SERVICES
|
| CORPORATE WEB SITE
|
All figures are for the most recent available 12 months.
* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.
Data provided by Standard & Poor's Compustat, BusinessWeek
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Company Snapshot
SunGard Data Systems Inc. provides integrated software and processing solutions and information availability services in the United States. It operates through three segments: Investment Support Systems (ISS), Availability Services, and Higher Education and Public Sector Systems (HEPSS). ISS segment processes investment and trading transactions of financial services institutions in the areas of brokerage and trading systems; wealth management systems; treasury and risk management systems; investment management systems; and benefit, insurance, and investor accounting systems. The company delivers various ISSs on an application service provider basis primarily from its data centers located in North America and Europe. Availability Services segment provides production services, such as managed hosting, managed information technology services, network access management, security and optimization services, and email archiving and retrieval. It also provides professional services. HEPSS segment provides specialized enterprise resource planning and administrative solutions to institutions of higher education, school districts, and other nonprofit organizations, as well as local, state, and federal governments. These solutions include accounting, personnel, fundraising, grant and project management, student administration, and reporting for educational and nonprofit organizations; and accounting, personnel, utility billing, land management, public safety, and justice administration for governments. In addition, HEPSS offers long term outsourcing solutions. SunGard is based in Wayne, Pa.
No. of Employees
13,000
Data provided by 
Cristóbal Conde
Bio
Cristóbal Conde is SunGard's president and chief executive officer, and a member of its board of directors. He was elected chief executive officer in August 2002 and has been a board member since August 1999. Mr. Conde served as chief operating officer between 1999 and 2002 and previously headed up SunGard's Trading Systems division, which he started in 1990. Under Mr. Conde's direction, the Trading Systems division expanded to four groups comprised of twenty-two operating units employing over two thousand staff. Prior to joining SunGard, Mr. Conde co-founded Devon Systems International, Inc., which was acquired by SunGard in 1987. At the time, Devon focused on providing systems for the interest rate and currency derivatives markets. Born in Santiago, Chile, Mr. Conde is a U.S. citizen and holds a B.S. in Astronomy and Physics from Yale University.
AGE: 44
Titles
President and Chief Executive Officer
Total Compensation*
NA
Total Value of Options**
NA
Degrees Held
Yale University (BS)
* Latest available fiscal year
** The sum of the net value of options exercised and held in the latest available fiscal year
Key Executives
Cristóbal Conde, James E. Ashton III, Donald W. Birdwell, Robert F. Clarke, T. Ray Davis, Harold C. Finders, Lawrence A. Gross, Till M. Guldimann, Paul C. Jeffers, Ronald M. Lang, John E. McArdle, Jr., Michael K. Muratore, Brian Robins, Victoria E. Silbey, Bettina A. Slusar, Richard C. Tarbox
Board Members
Cristóbal Conde, James L. Mann, Gregory S. Bentley, Michael C. Brooks, Ramon de Oliveira, Henry C. Duques, Albert A. Eisenstat, Bernard Goldstein, Janet Brutschea Haugen, Malcolm I. Ruddock
