The Information Technology 100
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.
|Return on Equity||13.6%|
|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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